12.6 C
Fort St. John
Thursday, August 16, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

Canbriam Energy announces second quarter production results and sale of Montney assets

CALGARY, A.B. – Canbriam Energy announced on Tuesday that it has sold some non-core Montney lands in Northeast B.C. for $50 million.

The company said that the assets had no associated production, and the disposition closed on July 30, 2018.

“The disposition of non-core acreage supports the core development at our Altares Montney assets and the ongoing deleveraging of our balance sheet,” said Paul Myers, Canbriam’s President & Chief Executive Officer.

Canbriam says that its Altares asset continues to deliver consistent performance with production during the second quarter averaging approximately 40,400 barrels of oil equivalent per day, 16 percent of which was liquids.

Advertisement

The company reaffirmed 2018 production expectations of between 37,000 and 39,000 boe/d, which includes routine downtime related to summer drilling and completion activities.

Advertisement

Advertisement

Advertisement
Advertisement

Advertisement

Advertisement
Advertisement

Advertisement

Must Read

City now taking registrations from organizations for upcoming Community One Stop

FORT ST. JOHN, B.C. – The City of Fort St. John is now accepting registrations from local organizations to participate in the upcoming Community...
Advertisement