The company's current average seven-day net production rate
is approximately 3,082 BOEPD, comprised of approximately 2,984 barrels of oil per day and approximately 585 thousand cubic feet per day ("MCFPD") of natural gas.
It paid $2.8 billion in taxes and royalties on a gross production rate of 477,000 barrels of oil equivalent, a net production rate
of 142,000 barrels of oil equivalent.
Following the completion of drilling of the Shahd South East-06 development well at the ERQ concession, an initial net production rate
for the well of 4,800 barrels of oil per day was recorded.
We stabilised our average daily net production rate
over the last three quarters and were successful in our efforts to improve our cost structure.
Energy Corporation said, 'With our current net production rate
of approximately 1,700 MCFE/D, we continue to expand our geographically diverse portfolio of oil and gas assets by taking meaningful positions in prospects in known producing areas in an effort to manage risk and ultimately drive cash flow.' and added 'As a company, we continue to evaluate a broad range of oil and gas opportunities for potential investment, with a goal of exiting the year with a production rate of 7,000 MCFE/D.'
lumbricalis photosynthetic net production rates
and three different pH levels were found.
The Chestnut field has net recoverable reserves estimated at 6.8 million barrels of oil equivalent, and initial average net production rates
are expected to be between 6,000 and 10,000 barrels of oil equivalent per day.