Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Production Rates | Capital Markets | Capital Expenditure
Lightstream Saskatchewan Production Dips; Cardium Sees Uptick
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Lightstream Resources Ltd. has announced our second quarter financial and provide operating results and an update to the capital program of 2014.
Second Quarter Highlights: Second quarter production averaged 42,513 barrels of oil equivalent per day (boepd) (80% light oil and liquids), a slight decrease from the first quarter of 2014 due to dispositions and reduced field activity during spring break-up. Our operating netback for the second quarter was $57.49/boe, a 15% increase over the second quarter of 2013, mainly due to higher commodity prices. Funds flow from operations was $177 million ($0.88 per basic share) for the quarter, representing a 5% increase over the second quarter of 2013 as a result of our higher realized operating netback. Due to reduced activity during spring…- ✓ Full news archive — U.S., Canada & international coverage
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