EQS-News
169 
0 Kommentare
Deutsche Rohstoff AG: Update on US oil & gas activities
Für Sie zusammengefasst
- Daily production of ca. 14,800 BOEPD in first half 2024
- Strong initial production of new wells in Oxy development partnership
- Three wells at Bright Rock start production
|
EQS-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous |
Deutsche Rohstoff AG: Update on US oil & gas activities
The oil and gas business of the Deutsche Rohstoff Group continued to develop very positively in the second quarter. A total of around 14,800 BOEPD were produced in the first half of the year. This means that production is fully in line with the guidance published in April.
The oil share of production was around 58% and the WTI oil price averaged at USD 79.74 in the first half of the year. For the year as a whole, management continues to expect production to be in line with the guidance of 14,700 to 15,700 BOEPD, with higher production expected in the second half of the year than in the first 6 months.
As expected, the 10 wells that were brought into production in mid-March as part of Salt Creek Oil & Gas' partnership with Occidental Petroleum produced at rates averaging around 700 barrels of oil per well per day in April and May. Maintenance work was carried out on various pads and on gas infrastructure in June, resulting in slightly lower production, already increasing in July.
Bright Rock Energy was able to complete its drilling program, which began in December, on schedule and brought the wells into production. The 3 wells have been producing since the beginning of June and will continue to increase in the coming months. The results of the drilling program confirm the high prospectivity of Bright Rock's acreage. The two 2-mile wells with an average working interest of 95% into the Mowry formation and Niobrara formation are producing with very positive results.
- Daily production of ca. 14.800 BOEPD in first half 2024
- Strong initial production of new wells in Oxy development partnership
- Three wells at Bright Rock start production
- Overall very positive results from wells in Wyoming
The oil and gas business of the Deutsche Rohstoff Group continued to develop very positively in the second quarter. A total of around 14,800 BOEPD were produced in the first half of the year. This means that production is fully in line with the guidance published in April.
The oil share of production was around 58% and the WTI oil price averaged at USD 79.74 in the first half of the year. For the year as a whole, management continues to expect production to be in line with the guidance of 14,700 to 15,700 BOEPD, with higher production expected in the second half of the year than in the first 6 months.
As expected, the 10 wells that were brought into production in mid-March as part of Salt Creek Oil & Gas' partnership with Occidental Petroleum produced at rates averaging around 700 barrels of oil per well per day in April and May. Maintenance work was carried out on various pads and on gas infrastructure in June, resulting in slightly lower production, already increasing in July.
Bright Rock Energy was able to complete its drilling program, which began in December, on schedule and brought the wells into production. The 3 wells have been producing since the beginning of June and will continue to increase in the coming months. The results of the drilling program confirm the high prospectivity of Bright Rock's acreage. The two 2-mile wells with an average working interest of 95% into the Mowry formation and Niobrara formation are producing with very positive results.
Diskutieren Sie über die enthaltenen Werte
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken1 im Artikel enthaltener WertIm Artikel enthaltene Werte
