Tenaz Energy Corp. updated production guidance for the full year 2024. Despite lower CAPEX, annual production is expected to be within present guidance range of 2,700 to 2,900 boe/d. Because the Ellerslie wells were drilled late in 2024 on recently-acquired lands, annual production is expected to be near the lower end of the guidance range.

The redirection of the Canadian drilling program was effected to further improve capital efficiencies while still achieving greater than 10% annual corporate production growth. The undrilled Rex wells remain in project inventory with robust economics at current oil prices.