PetroBakken said the rise in production is from its Bakken business unit, Cardium business unit, Saskatchewan Conventional business unit and AB/BC business unit.
The company has drilled 53 wells and brought 41 wells on production in the first quarter, while it has drilled 79 wells and brought 99 wells on production in the fourth quarter of 2012.
PetroBakken has drilled 47 wells and brought 36 wells on production in the first quarter of 2012, while 30 wells are waiting to be completed or brought on production as on 31 March 2013.
The Bakken business unit has recorded average production of 19,029 in the first quarter, while a maturing production profile combined with drilling and well optimisation activity has kept production within 4% to 19,741 boepd in the fourth quarter.
The company has replaced about half of the production by non-core disposition at the end of first quarter, when production averaged 20,735 boepd.
