Data points from the press release (some numbers rounded):
- pushing the upper range of their guidance
- negatively impacted by warmed weather in eight-state region
- negatively impacted by low realized natural gas prices
- negatively impacted by widening of Bakken wellhead oil pricing spreads in March compared to WTI
- April price has improved; forecasts further improvement through 2012
- the recently announced $85 million 88-megawatt natural gas generation facility is a significant investment in the company's $915 million 5-year utility capital growth program
- oil production should reach target of 20 to 30 percent increase over previous year
- overall oil production approx 10,500 bopd; 20 percent from same period last year
- 8 more rigs than a year ago; 10 rigs now
- five rigs operating in the Bakken
- Bakken: 124,000 net acres
- will focus on oil; cut back on natural gas
- annual earnings for remainder of 2012 reaffirmed in the range of $1.00 to $1.25, based on $2.50 natural gas and $100 oil
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