Altura reported fourth quarter financial and operating results that fell modestly short of expectations, influenced by lower top-line pricing on widened differentials and higher unit G&A relative to prior periods, though transportation and operating costs were in line to lower than estimated which is positive. The third Extended Reach Horizontal (ERH) at Leduc Woodbend (LBW) produced 293 bbl/d in that last seven days. Its IP26 is ~267 bbl/d (17° oil from the Rex). The well has a later
23 Mar 2018
Altura reports 4Q17 results, updates third ERH well at Leduc Woodbend
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Altura reports 4Q17 results, updates third ERH well at Leduc Woodbend
Altura reported fourth quarter financial and operating results that fell modestly short of expectations, influenced by lower top-line pricing on widened differentials and higher unit G&A relative to prior periods, though transportation and operating costs were in line to lower than estimated which is positive. The third Extended Reach Horizontal (ERH) at Leduc Woodbend (LBW) produced 293 bbl/d in that last seven days. Its IP26 is ~267 bbl/d (17° oil from the Rex). The well has a later