WestSide Corporation’s Meridian SeamGas Output, Sales Jump

WestSide Corporation’s Meridian SeamGas has achieved average daily gas sales during May of 11.7 Terajoules a day (TJ/d), up 32.8 per cent compared with same period last year, as new wells continued ramping up and work overs delivered results.

May's average daily sales were also up 10.9 per cent on the average for the previous month of April, maintaining the solid growth trend evident since January 2012 as the contribution from new wells continued to rise.

The Meridian SeamGas gas field achieved a gross production rate high during May of approximately 14.5 TJ/d before excluding fuel gas consumed by operations, while daily gas sales reached a high of 13.3 TJ/d, including approximately 0.5 TJ/d of third party gas.

WestSide CEO Julie Beeby said this excellent upward trend was expected to continue as production from Meridian's seven new dual-lateral wells and three new up-dip laterals continued to ramp up.

Four of the new dual-lateral well sets have now each achieved production rates exceeding 650,000 standard cubic feet a day (scf/d), including one well at more than one million scf/d, so we expect to see production continue to build further over coming months.