GAS

Amadeus goes from strength to strength

AMADEUS Energy has posted a record revenue and production result during the September quarter, in addition to achieving a 100% exploration success rate at the six wells drilled in the period.

Amadeus goes from strength to strength

The US-focused company has oil and gas production leases in Texas, Oklahoma and Kansas.

Revenue climbed to $US11.2 million ($A14.8 million), compared with $10.3 million in the June quarter and $6 million in the previous corresponding quarter.

Amadeus’ net oil production jumped 51% on year to 132,080 barrels, while gas output also rose to 313,565 million cubic feet. This equates to average daily output of 2048bbl of oil equivalent.

The Perth-based company said three successful gas wells drilled during the quarter in Lavaca County – Hoffer, Gerdes A-1 and Rheinstrom – are not yet on production. They are expected to be completed and online either this month or next.

Also during the quarter, Amadeus drilled six exploration and development wells that all discovered oil and gas.

In addition, workovers were performed on seven wells in Texas, which increased total production from 12bopd to a current rate of 182bopd.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry