Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates | Capital Markets | Capital Expenditure | Drilling Program - Wells
Questerre Increases Production 29% YoY; Focuses More on Kakwa Asset
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Questerre released its Q3 results. Highlights include:
- Average daily production in Q3 was 1,643 boe/d, an increase of ~28.9% from Q3 2016 when average daily productino was 1,275 boe/d
- During Q3 4 gross (.92 net) wells were brought online
- Capital expenditures for the 9 months that ended 9/30/2017 were $12.77MM
During Q3, the company brought 4 gross (.92 net) wells online and expects to complete 3 gross (.67 net) wells in Q4.
For the nine months ended on September 30, 2017, Questerre spent $12.77 million. For the same time period in 2016, the company spent $8.96 million.
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