Exploration & Production | Well Cost | Top Story | Quarterly / Earnings Reports
Storm Hones In on Montney, Horn River Ops in Q3; Slashes Well Cost
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Storm Resources Ltd. has reported its third quarter 2013 results.br />
Highlights: Production averaged 3,800 Boe per day (28% oil plus NGL), an increase of 10% from the previous quarter. Compared to the same period a year ago, production was 60% higher, or 28% on a per-share basis. Forecast production for the fourth quarter remains at 4,500 to 5,000 Boe per day. Production increased as a result of growth at Umbach where production averaged 2,170 Boe per day (57% of total corporate production), an increase of 21% from the previous quarter and 425% from a year ago. Crude oil and NGL production averaged 1,058 barrels per day, an increase of 12% from the previous quarter. NGL production was 600 barrels per day, an increase of 24% from the previous quarter and 200% from the year earlier…- ✓ Full news archive — U.S., Canada & international coverage
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