Advantage Oil & Gas Ltd. Provides Production Guidance for 2019; Announces Production Results for the Second Quarter of 2019
Total production for the second quarter was 43,000 boe/d, despite proactively shutting-in an average of 5,000 boe/d of dry gas during periods of extremely low AECO pricing, as previously communicated On average, 30 mmcf/d of AECO-exposed dry gas was taken off-line over the quarter. As a result, gas sold at AECO accounted for only 15% of total production in the second quarter. Liquids production during the quarter increased 142% year over year to 2,580 bbls/d, primarily from bringing on two net condensate-rich middle-Montney wells at east Glacier. These wells averaged 84 bbls/mmcf during initial production. June liquids production exceeded 2,700 bbls/d.