Record Royalty Oil Production
PrairieSky achieved record royalty oil production of 14,376 barrels per day, marking an 8% increase from the same quarter the previous year.
Increase in Multilateral Spuds
The company reported 61 multilateral spuds in the quarter, representing 52% of all new wells, a new high watermark for this metric.
Financial Performance
Royalty production revenue totaled $111.2 million in Q2 2025, with oil production generating $95.7 million of revenue.
Lease Agreements and Revenue
PrairieSky entered into 47 new leases with 37 different counterparties, generating $8.5 million in bonus consideration.
Increased Credit Facility
The company exercised the accordion feature of its credit facility, increasing it by $250 million to $600 million, enhancing financial flexibility.