Petrus Resources Reports Record Q3 Production of 12,152 boe/d
Production rose 24% year over year; funds flow for the first nine months reached $45.9 million, up 22%. The company expects to resume drilling in December for its 2027 program.
Petrus Resources Ltd. reported its financial and operating results for the three and nine months ended September 30, 2026. The company achieved record quarterly production of 12,152 boe/d, representing a 24% increase over the third quarter of 2025 and 36% year-to-date production growth. Funds flow for the first nine months of 2026 reached $45.9 million, up 22% from the same period in 2025.
Capital expenditures for the third quarter totaled $18.1 million, with approximately 92% allocated to drilling, completions, and tying in new wells. The company expects to resume drilling in December to accelerate its 2027 program, maintaining a focus on oil-weighted locations.