Caza Oil & Gas upbeat despite production drop

9th Aug 2013 07:39

Caza Oil & Gas Chief Executive Michael Ford said he was pleased with the company's operations on the various wells it has been drilling, producing or being completed in the Bone Spring play.The Texas-based company said its oil and natural gas liquids production rose 16% in the second quarter but its total production dropped 19% mainly due to the sale of the San Jacinto property at the end of July 2012.Ford said: "We have recently been successful in enhancing some of our historical production in Wharton County, Texas through workover operations. "These operations coupled with bringing new Bone Springs wells online in the very near future and continuing to do so throughout the remainder of 2013 should begin to be reflected by improved production and cash flow figures in the next quarter."TB