PRQ results
On September 19th, Petrus released updated 2022 capital budget guidance. The
revised budget will see the company increase its capital investment to $105-$115
million, with the majority ($85-$90 million) being directed toward drilling activity in
Ferrier.
Through the successful execution of this capital program, we anticipate
achieving a 2022 exit rate in the range of 10,500 to 11,000 boe/d.
That will be a 51% increase over the last 3 mos. of 2022.
Not bad at all, keep up the great work.