Journey Energy Inc. Announces Production Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Production Guidance for the Full Year 2019
For the year, production of natural gas volumes was 32,083 mcf/d against 32,413 mcf/d a year ago. Production of crude oil was 4,067 bbl/d against 3,914 bbl/d a year ago. Production of natural gas liquids was 661 bbl/d against 646 bbl/d a year ago. Barrels of oil equivalent were 10,075 bbl/d against 9,962 bbl/d a year ago.
The company provided production guidance for the full year 2019. For the year, the company expects annual average production of 9,200 Boe/d to 9,600 Boe/d (49% liquids).