Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Production Rates
Pacific Rubiales 2Q Focused on Cost Reduction
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Pacific Rubiales Energy Corp. has provided an operational update for its second quarter 2015 operating results.
Second Quarter 2015 Results Total net production for the quarter is expected to be in the range of 151 to 153 Mboe/d, approximately 2% higher than the same period a year ago. This is in-line with the previous quarter, despite the increased pipeline transportation disruptions through the quarter. Sales volumes in the second quarter are expected to be in the range of 143 to 146 Mboe/d, a decrease of approximately 7% from the same period a year ago. The OFT volumes are expected to be in the range of 10 to 12 Mbbl/d (compared to 15.5 Mbbl/d in the first quarter 2015). Volumes acquired for dilution were approximately 600 bbl/d (compared to 325 bbl/d in the first quarter 2015). The Co…- ✓ Full news archive — U.S., Canada & international coverage
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