- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) reports a fifth consecutive month of increased production, averaging 863 boe/d in April 2025.
- Western Canadian Select (WCS) differentials remain favorable at under $10/bbl below WTI, enhancing revenue and cash flow.
- Significant infrastructure upgrades completed at the Cuthbert property to improve efficiency and safety.
In its latest operational update, Prospera Energy Inc. (PEI) showcased strong performance through April 2025. The company reported an average production rate of 863 barrels of oil equivalent per day (boe/d), with 93% of this being oil, between April 1st and 20th. A peak production of 957 boe/d was achieved on April 14th, marking ongoing improvements over the past five months.
The Hearts Hill pool's production ascended to 261 boe/d as oil cuts improved. Moreover, the Luseland pool displayed promising outputs from its nine reactivated wells, with the standout wells 1-17 and 3-9 yielding 18 and 12 barrels per day, respectively.
Infrastructure upgrades at the Cuthbert property have recently been concluded, which included pipeline enhancements, water injection pump maintenance, and various safety measures aimed at bolstering operational reliability. Additionally, Prospera maintains a robust inventory of over 150 workover and reactivation wells, indicating a strong growth trajectory.
Favorable Western Canadian Select (WCS) differentials, currently trading less than $10 per barrel under the West Texas Intermediate (WTI) benchmark, are further augmenting Prospera's revenue streams and cash flow.
