RedWater Reports H113 Production Increases

News: Canada ' s RedWater Energy has posted its operational results for H113, recording average production of 208 barrels of oil equivalent (boe) per day, a 41% increase on H212, Scandinavian Oil-Gas Magazine reports. The company ' s average oil production for the period was 112 barrels per day, an 8% rise on the latter part of 2012. Netbacks increased to US$20.79 per boe compared to US$15.68 in the late 2012. RedWater attributed the production increases to its acquisition of the Redwater and Westlock assets.

This article is tagged to:
Sector: Oil & Gas
Geography: Canada
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