MIE Holdings Corporation reported operational results for the first quarter ended March 31, 2016. For the quarter, average daily operated production was 20,536 barrels of oil equivalent/day against 22,462 barrels of oil equivalent/day a year ago. Average daily net production was 11,141 barrels of oil equivalent/day against 11,977 barrels of oil equivalent/day a year ago. Average daily net oil production was 9,618 barrels/day against 10,662 barrels /day a year ago. Average daily net gas production was 9,140 Mcf/day against 7,889 Mcf/day a year ago.

For 2016, the company expects average daily net oil production of 9,240­10,540 barrels /day and average daily net gas production of 11,100­12,100 Mcf/day.