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Trilogy Adds 14.6 MMBOE of Proved Reserves in 2015
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Trilogy Energy Corp. reported its financial and operating results for the quarter and year-ended December 31, 2015 and provides revised guidance.
Financial and Operating Highlights Trilogy added 14.6 MMBoe of proved reserves and 37.5 MMBoe of proved plus probable reserves, including technical revisions. Trilogy replaced 144 percent of 2015 produced reserves when compared to total proven reserve additions, and 370 percent when compared to proven plus probable reserves. Production decreased in 2015 to 27,775 Boe/d as compared to 35,104 Boe/d in 2014. Reported sales volumes for the fourth quarter of 2015 were lower at 24,171 Boe/d as compared to 25,090 Boe/d for the third quarter. Trilogy completed the sale of certain assets in the Kaybob area during the year for net proceeds of…- ✓ Full news archive — U.S., Canada & international coverage
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