Exploration & Production
Lone Pine Resources Announces Second Quarter 2012 Results
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Evi
Net sales volumes from Evi increased 19% in the second quarter of 2012 to 3,690 boe/d compared to 3,092 boe/d in the first quarter of 2012. In the second quarter of 2012, Lone Pine drilled 3 gross (3 net) wells, completed 9 gross (9 net) wells and brought onstream 13 gross (11 net) wells at Evi. The Company returned to the field to resume drilling operations following spring break-up in early June 2012. Lone Pine has continued to optimize completion operations at Evi and no incremental proppant clean-outs have been required since the implementation of a new fracturing program that includes higher viscosity fracturing fluid and a new resin coated proppant and activator program.
Activity for the second half of 2012 will be focused on infield drilling in the central sections of the Evi…
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