Brief: Highpeak Energy Inc Announces First Quarter 2023 Financial And Operating Results And Updated Development Plan

HighPeak Energy

10/05/2023 21:27

May 10 (Reuters) - Highpeak Energy Inc  HPK.O :
    * HIGHPEAK ENERGY, INC. ANNOUNCES FIRST QUARTER 2023
FINANCIAL AND
OPERATING RESULTS AND UPDATED DEVELOPMENT PLAN
    * HIGHPEAK ENERGY INC - QTRLY PRODUCED AVERAGE SALES VOLUMES
OF
37,222 BARRELS OF CRUDE OIL EQUIVALENT PER DAY
    * HIGHPEAK ENERGY: REVISED DEVELOPMENT OUTLOOK FOR 2023 BY
REDUCING ITS DRILLING RIG COUNT FROM 4 TO 2 RIGS EFFECTIVE JUNE
THROUGH REST OF 2023
    * HIGHPEAK ENERGY INC - REVISED PLAN IS EXPECTED TO REDUCE
2023
CAPITAL EXPENDITURES BY ABOUT $250 MILLION FROM ORIGINAL CAPITAL
BUDGET

Source text for Eikon:  ID:nGNX39nNZg 
Further company coverage:  HPK.O 

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