Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Capital Markets | Capital Expenditure | Drilling Activity
Perpetual Energy Developing Edson, Exploring Mannville in 2104
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Perpetual Energy Inc. has reported its financial and operating results for the three and six months ended June 30, 2014.
Perpetual's focused capital expenditure program combined with stronger commodity prices resulted in reported increases in production, revenue and funds flow compared to both the preceding first quarter of 2014 and the second quarter of 2013.
In addition, several transactions were announced in the second quarter to reduce the Company's overall debt levels, while at the same time, increasing reserves and accelerating future funds flow growth.
Second Quarter 2014 Production and Operations Highlights Second quarter average production of 20,053 boe/d increased seven percent from the preceding first quarter of 2014 (18,794 boe/d) and was two percent higher than the prior…- ✓ Full news archive — U.S., Canada & international coverage
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