Q2 production was above the guidance range on every product with average total production volumes of 615 MBOE/d, including 211 Mbbls/d of oil and condensate, 96 Mbbls/d of other NGLs and 1,851 MMcf/d of natural gas. “Our Q2 results are a reflection of the quality of the business we have built,” said CEO Brendan McCracken. “Strong well performance across our portfolio, the rapid integration of our new Montney assets and enhanced capital efficiency have enabled us to reduce our expected 2025 capital investment and operating costs while increasing our full year production guidance. As a result, assuming commodity prices of $60 WTI and $3.75 NYMEX for the second half of the year, we now expect to generate $1.65B of Free Cash Flow, up $150M from our previous estimate.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OVV: