TORC Oil & Gas Ltd. reported production results for the third quarter and nine months ended December 31, 2019. For the quarter, the company reported production of crude oil of 23,415 Bbls per day against 23,546 Bbls per day a year ago. NGL was 1,616 Bbls per day against 1,554 Bbls per day a year ago. Natural gas was 20,079 Mcf per day against 18,380 Mcf per day a year ago. Barrels of oil equivalent was 28,378 Boepd, 6:1 against 28,163 Boepd, 6:1 a year ago.

For the quarter, the company reported production of crude oil of 23,507 Bbls per day against 20,943 Bbls per day a year ago. NGL was 1,556 Bbls per day against 1,365 Bbls per day a year ago. Natural gas was 19,588 Mcf per day against 18,183 Mcf per day a year ago. Barrels of oil equivalent was 28,328 Boepd, 6:1 against 25,339 Boepd, 6:1 a year ago.

For the year 2020, the company expects high netback production average of 28,500 and exit of 28,500 boepd, total proved plus probable reserves greater than 139 mmboe (84% light oil & liquids).