Exploration & Production | Quarterly / Earnings Reports
Renegade Wraps Up Viking Drilling; Tags 7,600 BOE/d
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Renegade Petroleum Ltd. has reported its third quarter update for the three and nine month periods ended September 30, 2013.
Third Quarter 2013 Highlights Achieved average production of 7,464 barrels of oil equivalent per day for the three months ended September 30, 2013, up 5 percent from the second quarter of 2013. Production consisted of 96 percent light oil and 4 percent natural gas and natural gas liquids; Increased funds flow from operations by 20 percent to $26.7 million in the third quarter of 2013 from $22.2 million in the second quarter of 2013; Drilled a total of 20 gross (18.5 net) wells in the third quarter including 6 gross (5.0 net) in southeast Saskatchewan and 14 gross (13.5 net) in west central Saskatchewan, with a 100 percent success rate; Brought 20 gross (18.1 net)…- ✓ Full news archive — U.S., Canada & international coverage
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