Exploration & Production | Forecast - Production | Capital Markets | Capital Expenditure | Private Equity Activity
Terra Energy Spending Within Budget on Recompletions
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Terra Energy Corp. has provided this operations update.
The Company has, in recent months, adopted a new Business Plan, which was communicated in its June 2014 Investor Presentation, together with numerous strategies supporting the principal tenets of the plan. The Business Plan contemplated moving towards a more balanced oil/gas commodity mix over time, the need to remain focused geographically, target profitability as a key metric and maintain a conservative approach towards leverage and hedging practices.
Terra's 2014 Capital Expenditure Plan was designed to reverse the decline in the Company's production base, while advancing a number of oil and liquids weighted plays and managing overall expenditures within cash flows. Included in these plays were two "key" oil plays on lands located…
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