Property News
December 31, 2008
Gross production averaged 146 thousand barrels a day during the fourth quarter, versus 158 thousand barrels in the same quarter last year. For the full year, gross production was 147 thousand barrels a day this year, compared with 154 thousand barrels in the same period 2007. Lower production volumes in the fourth quarter and 2008 were due to the cyclic nature of production at Cold Lake.
September 30, 2008
Reported that gross production of Cold Lake heavy oil averaged 143 thousand barrels a day during the third quarter, versus 160 thousand barrels in the same quarter last year. For the first nine months, gross production was 147 thousand barrels a day this year, compared with 152 thousand barrels in the same period of 2007. Lower production volumes in the third quarter and nine months of 2008 were due to the cyclic nature of production at Cold Lake.
March 31, 2008
Gross production of Cold Lake heavy oil averaged 154 thousand barrels a day during the first quarter, versus 144 thousand barrels in the same quarter last year. Higher production in 2008 was due to the cyclic nature of production at Cold Lake and increased volumes from the ongoing development drilling program.