Perpetual Energy Inc. provided consolidated production guidance for the second quarter and full year 2022. Production is forecast to decline from first quarter levels through the second quarter of 2022 to an average of 5,900 boe/d to 6,200 boe/d, with oil and NGL expected to represent close to 22% of production as the two new multi-lateral heavy oil wells at Mannville begin to contribute to sales volumes. Average production volumes are forecast to grow to achieve 7,000 boe/d during the second half of 2022 as seven (3.5 net) new wells are drilled and come onstream at East Edson and assuming the four (4.0 net) well follow-up drilling program at Mannville is executed later in the third quarter.
For the full year, the company forecast to grow approximately 25% from 2021 levels to the high end of previous March 15, 2022 guidance of 6,500 boe/d to 6,750 boe/d in 2022, with oil and NGL representing approximately 20% of the production mix.