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Trilogy Energy Shows Positive Drilling and Completions Results
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Trilogy Energy Corp. has announced its financial and operating results for the three and six months-ended June 30, 2014.
Financial and Operating Highlights Reported sales volumes for the second quarter of 2014 were 9 percent higher at 36,187 Boe/d as compared to 33,135 Boe/d for the previous quarter. Second quarter oil sales volumes increased 28 percent to 9,557 Bbl/d from 7,440 Bbl/d in the previous quarter. Oil and natural gas liquids sales volumes represented 41 percent of total sales volumes in the quarter as compared to 39 percent in the prior quarter. Operating expenditures decreased 20 percent quarter over quarter from $36.5 million in the first quarter to $29.3 in the second quarter. On a per unit of production basis, operating costs decreased from $12.23/Boe in the first quarter…- ✓ Full news archive — U.S., Canada & international coverage
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