Petroshale Inc. Provides Production Guidance for the Second Half of 2019; Announces Production Results for the Fourth Quarter and Year Ended December 31, 2018
The company announces production results for the fourth quarter and year ended December 31, 2018. For the quarter, Production averaged 6,014 barrels of oil equivalent per day (84% liquids) in the fourth quarter of 2018, which is 184% higher than the same period in 2017. Crude Oil sales volume was 4,185 Bbl/d against 1,554 Bbl/d a year ago. Natural gas sales volume was 5,765 Mcf/d against 1,802 Mcf/d a year ago. NGLs sales volume was 868 Bbl/d against 266 Bbl/d a year ago.
For the year, the production averaged 5,630 boepd (87% liquids) in calendar 2018, an increase of 130% over 2017. Crude Oil sales volume was 4,134 Bbl/d against 1,878 Bbl/d a year ago. Natural gas sales volume was 4,520 Mcf/d against 1,770 Mcf/d a year ago. NGLs sales volume was 743 Bbl/d against 272 Bbl/d a year ago.