RMP Energy Inc. (TO: RMP) detailed its first-quarter 2015 production results on April 16. The quarter ended March 31.
About 12,250 barrels of oil equivalent per day (boe/d) were produced daily. For the quarter, 47% of the production was light oil and NGL. This was a 33% increase over 9,229 boe/d produced in first-quarter 2014.
The outage of a regional oil sales pipeline caused RMP to shut in production at Ante Creek and Waskahigan for five days in mid-January. A mechanical disruption shut in the Kaybob Montney gas field on March 19, the company added.
Regarding operations, on April 1, the second Ante Creek gas handling and battery infrastructure was started up. A total of 23 horizontal wells in the area currently produce oil.
Overall, current production is about 15,500 boe/d and does not include about 1,500 boe/d presently shut-in at Kaybob.
Drilling will be picked up in the third quarter, as scheduled, under the capital program. RMP is reaffirming its fiscal year 2015 market guidance average daily production of 13,500 boe/d, weighted 45% light oil and.
RMP used slickwater fracks recently, on five horizontal wells at Waskahigan and Grizzly in the Montney. Of that group, four of the five wells had good early results. The 2-15-64-23W5 and 12-29-63-23W5 Waskahigan wells each produced about 30 Mbbl of light oil to date. In the first 30 days, they produced about 840 bbl/d and 805 bbl/d, respectively.
Interim consolidated financial statements for the quarter will be released May 14.
RMP Energy Inc. is based in Stettler, Alberta.
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