Exploration & Production
PetroBakken Announces Current Production of 45,000 boepd
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PetroBakken Energy Ltd. has reported an operations update and to announce our third quarter financial and operating results.
Current Operating Highlights Early November production is approximately 45,000 barrels of oil equivalent per day (boepd), based on field estimates, with 53 net wells in inventory waiting to be completed or brought on stream. For the balance of 2012, we plan on drilling 42 net wells and bringing 74 net wells on production. A new facility in our Cardium business unit at Brazeau is expected to be completed by the end of November, allowing us to bring on incremental production in excess of 2,500 boepd. We are accelerating a portion of Q1 2013 capital program into the fourth quarter of this year and expect 2012 capital expenditures of $975 million prior to dispositions…- ✓ Full news archive — U.S., Canada & international coverage
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