Exploration & Production | Quarterly / Earnings Reports
Hemisphere Energy Improves Quarterly Production
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Hemisphere Energy Corporation has announced its financial and operating results for the three and nine months ended September 30, 2013.
Highlights Achieved highest quarterly production rate of 461 boe/d with an 82% oil and NGL weighting. Successfully drilled and placed on production Hemisphere’s 12th horizontal development well in Jenner targeting the oil-bearing sandstones of the Glauconitic formation. Subsequent Achievements Achieved record production rate of approximately 675 boe/d with a 75% oil and NGL weighting in mid-November 2013. Closed a strategic acquisition of oil and gas assets in the Atlee Buffalo area of southeast Alberta for $3.35 million. The acquisition includes stable and operated production of approximately 60 boe/d (75% oil) and 100% working interest in 8.25…- ✓ Full news archive — U.S., Canada & international coverage
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