Prairie Provident Resources Inc. announced production results for the fourth quarter and full year of 2018. The company's full-year 2018 production volumes of 5,372 boe/d were at the midpoint of company guidance of 5,200 to 5,600 boe/d. Extremely wide oil differentials and weak realized oil prices in fourth quarter that impacted the entire western Canadian oil and gas industry led PPR to defer some activities into first quarter of 2019.

As a result, fourth quarter of 2018 production volumes averaged 5,937 boe/d, lower than previously anticipated, although company full year production remained within guidance.

For the first quarter of 2019, the company is currently producing approximately 6,300 to 6,400 boe/d, which is expected to increase to approximately 7,000 boe/d as PPR undertakes
continued production optimization, and completion and tie-in of the two Slave Point wells at Evi through first quarter of 2019.