Touchstone Exploration reports strong Q1 2024 sales volumes in Trinidad

Trinidad-focused energy company Touchstone Exploration reported average net sales volumes of 7,015 barrels of oil-equivalent per day (boe/d) in the first quarter of 2024. 

It said Cascadura contributed average net sales volumes of 5,389 boe/d. This consists of net natural gas sales volumes of 30.8 million cubic feet per day (MMcf/d) or 5,127 boe/d with an average realized price of US$2.49 per Mcf; and net natural gas liquids volumes of 262 b/d with an average realized price of US$69.60 per barrel. 

As for the Coho field, net average natural gas sales volumes were 2.8 MMcf/d or 460 boe/d at an average realized price of US$2.28 per Mcf (excluding third-party processing fees). Average net daily crude oil sales volumes were 1,166 b/d with an average realized price of US$69.97 per barrel.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone expands exploration potential

Touchstone Exploration, through its subsidiary POGL, has secured an exploration and production licence for the Rio Claro block in Trinidad and Tobago. This agreement was finalised in collaboration with the Government of Trinidad and Tobago, the

Touchstone Exploration

Touchstone Exploration reports encouraging well test results at Cascadura

Touchstone Exploration Inc (LON:TXP) has announced the completion of Cascadura-2ST1 and Cascadura-3ST1 well testing. Highlights ·    Cascadura-2ST1 Well: during an extended 48-hour test, Cascadura-2ST1 produced an average rate of approximately 4,950 boe/d, consisting of 26.4 MMcf/d of natural gas

Touchstone Exploration

Potential upswing ahead for Natural Gas prices

Yesterday, natural gas prices experienced a marked correction, driven primarily by a consolidation in the stochastic oscillator, which remained below the 50 level. This downward movement has now brought prices near an additional support level at

Touchstone Exploration

Understanding natural gas and its formation

Natural gas is a fossil fuel that plays a significant role as an energy source. Its primary component is methane, a chemical compound made of one carbon and four hydrogen atoms (CH4). Additionally, natural gas contains

Touchstone Exploration

Natural Gas prices reach highest point in three months

Natural gas prices have recently experienced a significant rise, with Friday’s trading marking the highest levels since late June. This upward movement comes as a notable rebound from the lows observed in August, indicating a strong

Touchstone Exploration

Why choose Trinidad for oil and gas investment?

Trinidad, a vibrant Caribbean island, is approximately 5,000 square kilometres in size and lies just northeast of Venezuela, separated by a narrow strait less than 11 kilometres wide. Geographically, it sits within the vast Venezuela Basin,

Touchstone Exploration

Energy demand and innovation

The oil and gas sector continues to play a crucial role in the global energy landscape, despite increasing emphasis on renewable sources. With the world’s energy needs steadily rising, the demand for hydrocarbons remains strong, particularly

Touchstone Exploration

Advantages of natural gas for your home or business

Natural gas provides a reliable, continuous energy source that enhances comfort and efficiency. Its consistent supply ensures your home remains warm and inviting, with a uniform temperature throughout. Enjoy uninterrupted hot water whenever you need it,