Exploration & Production | Production Rates | Capital Markets | Capital Expenditure | Drilling Program
Twin Butte Energy Focuses on Provost Medium Oil
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Twin Butte Energy Ltd. has reported financial and operational results for the three and twelve months ended December 31, 2014 , along with year-end reserves, an operational update and executive appointment.
Priorities for Twin Butte in 2015 remain: Continue to maintain and enhance balance sheet flexibility : Decrease total debt, improve cost structure Maintain financial discipline quarterly (capital plus dividends will not exceed cash flow). Should oil prices remain weak, Twin Butte will further reduce capital spending and if necessary reduce the dividend. Realize targeted corporate cost savings both through improved operating and capital efficiency, and lower service costs. Continue the transition to a more predictable, longer life, higher netback medium oil production base Direct over…- ✓ Full news archive — U.S., Canada & international coverage
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