Regal reports December production, operations
10 January 2012
The company said it is ready to launch its investment program for 2012 and entered into contracts with local companies to start drilling two new wells – SV-53 (scheduled to reach target depth of 5,450 meters in 400 days) and MEX-10 (5,250 meters in 350 days). Regal plans to workover three existing wells to enhance performance and upgrade its gas treatment facility. All capital expenditures are expected to be sourced from existing cash and operating revenues.
Regal Petroleum production
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Gas,tcm/d Condensate,cm/d Total,boepd
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December 2011 232 49 1.753
November 2011 229 51 1.751
October 2011 212 49 1.632
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2010 (to Nov. 17)* 257 54 1.942
2009 164 43 1.232
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Note: Production was suspended on November 17, 2010 due to a license dispute and resumed in July 2011
Source: Company data
