Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Talisman Ramps Up North American Shale Drilling, Production in 2013
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Talisman Energy Inc. reported its operating and unaudited financial results for 2013.
All values are in US$ unless otherwise stated.
Hal Kvisle, President and CEO, commented: "We continue to build a strong foundation in our Americas and Asia-Pacific core businesses to deliver sustainable shareholder value and cash flow growth. In 2013, we set four priorities and built significant momentum behind each one. We reduced capital spending(1) by 20%, improved our operating efficiency and reduced costs, including an underlying 20% year-on-year reduction in net G&A. In addition, we announced over $2 billion in assets sales in 2013.
"In our Americas and Asia-Pacific businesses, we grew higher margin production and cash flow. Overall, we produced 373,000 boe/d and generated $2.2 billion of cash…
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