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Prospera Energy Boosts Production, Eyes Cash Flow Stability
29 Nov
Summary
- Net sales climbed to 808 BOEs daily, up 25% year-over-year.
- Eight wells were reactivated, adding 57 BOE production efficiently.
- Acquisition of White Tundra property completed in August 2025.
Prospera Energy Inc. achieved significant production growth in the third quarter of 2025, with net sales averaging 808 BOEs per day, a 25% increase compared to the same period last year. This surge was bolstered by the successful reactivation of eight wells, which added 57 BOEs of production at an efficient capital cost of just over $11,000 per well.
The company's strategic initiatives also included acquiring the remaining 14% working interest in its core Cuthbert property, simplifying ownership and enhancing control. Furthermore, the acquisition of White Tundra was finalized in August 2025, bringing additional production and reserve value to the company without immediate cash outlay.
Despite these positive developments, Prospera Energy noted challenges such as a decrease in operating netback and higher operating costs. Lower oil prices, remaining below $60, have also impacted financial performance, alongside ongoing efforts to address numerous offline wells and resolve issues with SaskPower.
