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Argent's Production Increases from Wyoming, Kansas Operations
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Argent Energy Trust has provided its financial and operating results for the quarter ended June 30, 2014.
Average second quarter production was 6,373 barrels of oil equivalent per day (boe/d), being 69% oil and NGLs, generating funds flow from operations of $15.8 million, or $0.25 per unit.
The Trust's unaudited interim consolidated financial statements for the three months ended June 30, 2014.
Highlights for the three months ended June 30, 2014 Increased production by 30% to 6,373 boe/d (69% Oil & NGL) in Q2 2014 from 4,920 boe/d (64% Oil & NGL) in Q2 2013, reflecting new wells coming on production and the acquisition of oil weighted properties in Kansas and Wyoming during 2013. Q2 2014 production exceeded the previously announced production guidance of 6,100 to 6,200…- ✓ Full news archive — U.S., Canada & international coverage
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