Exploration & Production | Quarterly / Earnings Reports
RMP's Montney Production Hits Record 6,727 BOE/d
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RMP Energy Inc. has reported its financial and operating results for the first quarter of 2013.
For the three months ended March 31, 2013, RMP reported funds from operations of $20.1 million ($0.19 per basic share) on revenue of $32.6 million and record-setting average daily production of 6,727 barrels of oil equivalent (weighted 55% light oil and NGLs).
Highlights: Record-setting quarterly average daily production of 6,727 boe/d, weighted 55% towards light oil and NGLs, representing a 34% increase over the first quarter 2012 level of 5,026 boe/d. In the first quarter of 2013, RMP achieved its highest quarterly production level in spite of third-party-operated outages on an oil sales pipeline which impacted production at Waskahigan and at a mid-stream operated Kaybob gas plant, which…- ✓ Full news archive — U.S., Canada & international coverage
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