Cequence Energy Ltd. Announces Operating Results for the Three and Nine Months Ended September 30, 2019; Provides Production Guidance for the Full Year Ending December 31, 2019
For the nine months, the company reported natural gas production volume of 26,695 Mcf per day compared to 30,924 Mcf per day a year ago. Crude oil production volume was 731 bbls per day compared to 772 bbls per day a year ago. Natural gas liquids production volume was 188 bbls per day compared to 257 bbls per day a year ago. Condensate production volume was 410 bbls/d compared to 495 bbls per day a year ago. Total production volume was 5,778 boe per day compared to 6,679 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.