Cequence Energy Ltd. Reports Consolidated Production Results for the Second Quarter and Six Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ended December 31, 2019
For the six months, the company reported natural gas production volume of 27,854 Mcf per day compared to 31,711 Mcf per day a year ago. Crude oil production volume was 831 bbls per day compared to 556 bbls per day a year ago. Natural gas liquids production volume was 184 bbls per day compared to 257 bbls per day a year ago. Condensate production volume was 396 bbls/d compared to 553 bbls per day a year ago. Total production volume was 6,053 boe per day compared to 6,651 boe per day a year ago.
The company provided production guidance for the full year ending December 31, 2019. For the period, the company expects average production will be 5,800 boe per day.