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Article: Numac Energy announces financial & operating results for six months ended June 30, 1995.
- Article from:
- Business Wire
- Article date:
- July 27, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Alberta--(BUSINESS WIRE)--July 27, 1995--Numac Energy Inc. Thursday announced its consolidated financial and operating results for the six months ended June 30, 1995.
Funds from operations increased to $68.3 million ($0.73 per share) in the first six months of 1995 from $66.4 million ($0.71 per share) in the first six months of 1994. The improvement in funds from operations occurred as a result of increases in both crude oil and natural gas production volumes, and higher crude oil prices, which were offset by significantly lower natural gas revenues.
Weakness in natural gas prices in the first six months of 1995 was partially offset by natural gas ...