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Southern Energy hails third quarter growth in oil production

October 17, 2023 at 02:46 pm

(Alliance News) - Southern Energy Corp on Tuesday said its oil production increased in the third quarter.

Southern Energy is a natural gas exploration and production company, focused on acquiring and developing conventional natural gas and light oil resources in Mississippi, Louisiana, and East Texas.

The company said third-quarter output averaged 2,814 barrels of oil equivalent per day, which it said was 6% higher quarter-on-quarter.

Production has since risen further to 2,900 boed, it added.

The company said that it is in the process of re-bidding completion services in connection with the four uncompleted horizontal wells at Gwinville in Mississippi.

Southern Energy shares fell 11% to 18.00 pence each on Tuesday afternoon in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI NATURAL GAS INDEX	122.2 PTS	-0.80%	+13.43%	-
BRENT CRUDE OIL SPOT	83.01 USD	+0.19%	-0.85%	-
WTI	78.51 USD	-0.05%	-0.61%	-
SOUTHERN ENERGY CORP.	0.2 CAD	-2.44%	+2.56%	24.48M

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