Exploration & Production | Quarterly / Earnings Reports
Bakken, Cardium Ops Drive Lightstream's Q3 Production
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Lightstream Resources Ltd. has reported its third quarter financial and operating results.
Highlights: Third quarter production averaged 45,160 barrels of oil equivalent per day (boepd) (78% light oil and liquids), an increase of 17% from the third quarter of 2012 and relatively flat to the second quarter 2013. Year to date average production is 13% above 2012 levels. Our operating netback for the third quarter was $54.75/boe, a 9% increase over the second quarter of 2013 and a 21% increase over the third quarter of 2012, driven by higher WTI prices, which averaged US$105.83/bbl. Funds flow from operations was $180 million ($0.91 per basic share) for the quarter, representing a 7% increase over the second quarter of 2013 and an increase of 47% over the third quarter of 2012. Capital…- ✓ Full news archive — U.S., Canada & international coverage
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