Twin Butte Energy Ltd. reported earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported petroleum and natural gas sales of $61,713,000 compared with $51,384,000 for the same period last year. Funds flow was $55,367,000 or $0.16 diluted per share compared with $51,384,000 or $0.15 diluted per share for the same period last year. Net loss was $22,447,000 or $0.06 diluted per share compared with $15,240,000 or $0.15 diluted per share for the same period last year. Capital expenditures was $25,042,000 compared with $37,890,000 for the same period last year. Net debt was $333,916,000 compared with $363,659,000 for the same period last year.

The company reported light & medium crude oil of 8,480 bbl per day compared with 7,614 bbl per day for the same period last year. Annual average production of 8,480 bbl per day compared with 12,682 bbl per day for the same period last year. Natural gas of 12,141 Mcf per day compared with 12,200 Mcf per day for the same period last year. Natural gas liquids of 174 Mcf per day compared with 200 Mcf per day for the same period last year.

The company provided earnings guidance for 2015. For the period, the company expected cash flow of $180 million $171 million. Capital expenditures of $100 million to $120 million. Annual average production of 17,500 bbl to 19,100 bbl.