TORC Oil & Gas Ltd. Reports Unaudited Production Results for the Second Quarter and Six Months Ended June 30, 2019; Provides Production Guidance for the Year 2019
For the six months, the company reported Production of Crude oil of 23,617 Bbls per day against 18,839 Bbls per day a year ago. Production of NGL was 1,509 Bbls per day against 1,222 Bbls per day a year ago. Production of Natural gas were 19,023 Mcf per day against 17,500 Mcf per day a year ago. Production of Barrels of oil equivalent were 28,297 Boepd against 22,978 Boepd a year ago.
For the year 2019, the company expects high netback production of Average: 28,300 boepd and Exit: 28,300 boepd.