EPM anticipates 23 wells coming online at TexMex, adding 100 net barrels of oil equivalent per day in fiscal Q4.
Evolution Petroleum expects 23 wells to begin production at its TexMex asset in fiscal Q4, contributing an additional 100 net barrels of oil equivalent per day (BOE/d). The increase follows a challenging Q3 marked by regional gas pricing dislocations and a $1.2 million one-time transportation adjustment at Delhi.
The company faced weather-related production disruptions and weaker natural gas prices in the Barnett and Jonah regions during the quarter. Prior-period adjustments and operational setbacks weighed on performance, contrasting with stronger results in fiscal Q2.
Management did not specify immediate market reactions but highlighted operational progress as a key driver for near-term output growth.