Asset Base And ProfitabilityPrairieSky continues to solidify its position as a leading E&P business, supported by its high-margin asset base, robust profitability, and strong balance sheet.
Oil Production GrowthQ3 showcased record multilateral wells spud, heightened Duvernay activity, growing spuds on fee lands, resulting in an overall 11% increase in oil production.
Shareholder Returns And Financial StrategyThe company repurchased 2,739,587 shares for $66.5 mln, as part of the NCIB program, and paid $61.2 mln in dividends during the quarter.