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Pengrowth Hacks Down 2015 Spend
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Pengrowth Energy Corporation has announced significant accomplishments in 2014 including:
Production performance exceeding the top end of production guidance of 71,000 to 73,000 barrels of oil equivalent per day (boe/d) even with mature asset sales of 1,400 boe/d. Superior execution costs and production rates on Pengrowth's conventional assets. Successfully completing the construction, commissioning and first steam at Lindbergh, all on time. Adding to low cost Montney development inventory at Groundbirch with the acquisition of 32.6 gross/net sections of liquids-rich lands at Bernadet for $123 million in the fourth quarter, partially funded by proceeds of $89 million from the 2014 minor disposition program. In light of the rapid decline in commodity prices, Pengrowth is announcing…- ✓ Full news archive — U.S., Canada & international coverage
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