Operational Updates | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Key Wells | Financial Results | Capital Markets | Drilling Activity
Cequence Touts 26% Jump in Oil / Condensate Production YOY
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Cequence Energy reported its Q3 2017 results.
Highlights:
- Achieved average quarterly production of 8,266 boe/d, approximately 700 boe/d of production was shut-in for the quarter associated with low gas prices and pipeline restrictions
- Increased oil and condensate production to 1,229 bbl/d, up 26% from the same period in 2016
Drilling Update:
- Completed the tie in of the 5-7 Dunvegan oil facility to improve well on stream times and oil production netbacks
- Completed the 100% working interest Dunvegan oil zone in the inactive 03/4-8-62-26W5 vertical well. The well has averaged approximately 45 bbl/d of 39 API oil since early September and has validated inventory on 100% Cequence lands.
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