TORC Oil & Gas Ltd. Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2019; Provides Production Guidance for the Fiscal 2019
For the nine months, the company reported crude oil production of 23,538 bbls per day against 20,066 bbls per day a year ago. NGL production was 1,536 bbls per day against 1,301 bbls per day a year ago. Natural gas production was 19,422 Mcf per day against 18,116 Mcf per day a year ago. Barrels of oil equivalent was 28,311 Boepd against 24,386 Boepd a year ago.
The company expected high netback production of average 28,300 boepd for the fiscal 2019.