-- Vermilion Energy (VET) reported Q1 earnings on Wednesday, showing total production of 125,618 barrels of oil equivalent per day, up from 103,115 boe/d a year earlier, according to the company.
Natural gas production increased to 539.29 million cubic feet per day for the quarter ended Mar. 31 from 369.36 mmcf/d a year earlier, while natural gas liquids output rose to 12,044 b/d from 9,167 b/d, Vermilion said.
Crude oil and condensate production declined to 23,692 b/d from 32,386 b/d a year earlier, according to the company.
Vermilion generated an average production of 99,746 boe/d from Canadian operations in Q1, up 10% from the prior quarter, while international production totaled 25,872 boe/d, the company added.
Vermilion reported consolidated sales volumes of 126,867 boe/d in Q1, up from 102,427 boe/d a year earlier, the company said.
Crude oil and condensate sales volumes declined to 24,941 b/d in the quarter, compared with 31,698 b/d a year earlier, while natural gas liquids sales volumes increased to 12,044 b/d from 9,167 b/d, Vermilion said.
Natural gas sales volumes increased to 539.29 million cubic feet per day from 369.36 mmcf/d a year earlier, the company added.
Vermilion expects Q2 production to average 123,000 boe/d to 125,000 boe/d and maintains its full-year production outlook of 118,000 boe/d to 122,000 boe/d on exploration and development spending of CA$600 million ($440.2 million) to CA$630 million, according to the company.
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