Production Summary
Capital Spending and Internal Development – Key to Recent Success
Production volumes averaged 63,896 boe per day in the second quarter of 2008 up four per cent from the same period in 2007. The volumes were in line with management’s expectations based on the planned turnarounds that were completed during the quarter including a major turnaround at Redwater that shut in production of 4,100 boe per day for approximately eight days. The Trust continues to record strong volumes in Dawson despite a turnaround completed in the second quarter. Subsequent to quarter end, the West Doe third party processing facility has experienced some operational issues that have caused restricted volumes in the area. A mid-year forecast was completed during the quarter and the Trust has now revised the full year production guidance to between 64,000 and 65,000 boe per day.
Operational Highlights
| Production |
Jun 30/2008 |
| Crude Oil (bbl/d) |
27,541 |
| Natural gas (mmcf/d) |
194.7 |
| NGL (bbl/d) |
3,906 |
| Total Production (boe/d) |
63,896 |
| % Natural gas |
51 |
| % Crude oil & NGLs |
49 |
 |
|
Property Summary |
|
(Boe @ 6:1)
The following table summarizes the Trust's production by core area for the three months ended June 30, 2008. |
|
| Core Areas (1) |
Total (boe/d) |
Oil (bbls/d) |
Natural Gas (mmcf/d) |
NGL (bbls/d) |
| Central Alberta |
7,450 |
1,376 |
29.2 |
1,203 |
| Northern Alberta and B.C. |
22,481 |
5,406 |
92.9 |
1,607 |
| Pembina & Redwater |
12,822 |
8,883 |
18.4 |
873 |
| Southeast Alberta and Southwest Sask. |
9,811 |
1,011 |
52.7 |
11 |
| Southeast Saskatchewan |
11,332 |
10,865 |
1.5 |
212 |
| Total |
63,896 |
27,541 |
194.7 |
3,906 | |
|
|
(1) Provincial references: A.B. is Alberta, B.C. is British Columbia, Sask. is Saskatchewan.
|