Painted Pony Energy Ltd. Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Year 2019
For the year, the company reported daily production volumes of natural production of 316.5 MMcf/d compared to 235.8 MMcf/d a year ago. Natural gas liquids daily production volumes were 5,128 bbls/d compare to 3,587 bbls/d a year ago. Total daily production volumes were 347.3 MMcfe/d compared to 257.3 MMcfe/d a year ago. Total daily production volumes 57,879 boe/d compared to 42,882 boe/d a year ago.
Painted Pony remains well-positioned to deliver a 2019 capital program based on expected adjusted funds flow delivering between 3% and 7% lower forecasted annual average daily production volumes of between 324 MMcfe/d (54,000 boe/d) and 336 MMcfe/d (56,000 boe/d) compared to 2018 annual average daily production volumes of 347 MMcfe/d (57,879 boe/d).