Scandoil  

Palliser Oil & Gas Corporation provides operations update


Published Oct 10, 2013
Palliser Oil & Gas Corporation-2

Palliser Oil & Gas Corporation continues to focus its abilities on expanding production shipped by rail. The Company completed the construction of a clean oil treating facility in the third quarter which is estimated to increase the Company's capacity to ship approximately 75% of corporate production by rail, up from its previous capacity of approximately 50%.

Commissioning of the cleaning facility required a build in production inventory during the third quarter, which negatively affected third quarter 2013 sales volumes, but the Company commenced shipping clean oil at the start of the fourth quarter. This facility will have a positive impact on fourth quarter and future realized heavy oil pricing.

The third quarter of 2013 saw lower average production compared to the record production achieved in the second quarter of 2013. A prolonged spring breakup that extended well into the third quarter contributed to significant downtime on several wells, and delayed the majority of budgeted third quarter capital projects until late in the quarter, which allowed production declines to outpace additions.

Tags: Palliser Oil & Gas Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml