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Talisman Production Flat as Repsol Buy Nears Close

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Talisman Production Flat as Repsol Buy Nears Close

Talisman Energy Inc. has reported its operating and unaudited financial results for the first quarter of 2015. 

Hal Kvisle, President and CEO said: "Talisman delivered solid operational and financial results in the first quarter of 2015 against a backdrop of significantly lower commodity prices and our strategic decision to cut capital investment. Production from ongoing operations averaged 360,000 boe/d in the quarter, up slightly from the first quarter of 2014, and cash flow was $605 million for the quarter, supported in large part by hedging settlements."

First Quarter Highlights: Production from ongoing operations averaged 360,000 boe/d in the first quarter of 2015, down 1% from the previous quarter, but up 2% from the first quarter of 2014. Liquids production was 137,000 bbl/d, down…
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