PetroBakken announces current production of 45,000 boepd and third quarter funds flow from operations of $122 million
Thursday, Nov 08, 2012
PetroBakken Energy Ltd. (the "Company" or "PetroBakken") (TSX:PBN) is pleased to provide an operations update and to announce our third quarter financial and operating results.
CURRENT OPERATIONS UPDATE
Our activity has continued at a strong pace since the end of September, and we currently have 17 drilling rigs, 6 fracing spreads and 13 completion service rigs working in the field. Since the end of the third quarter, we have drilled 41 net wells and brought 31 net wells on production, with a current inventory of 53 wells waiting to be completed or brought on production. As expected, the execution of our program has increased production from 39,200 boepd in September to 45,000 boepd in early November, based on field estimates.
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