Production Forecast

Laredo Petroleum Holdings Inc (NYSE: LPI) lifted its production outlook for 2012. Laredo Petroleum projects to produce around 11.2 million to 11.9 million barrels of oil equivalent (mmboe) in 2012, versus its earlier forecast of 10.6 mmboe. Laredo raised its budget by $140 million to around $900...

Vero Energy Inc (OTC: VREYF) lifted its 2012 production outlook. Vero Energy lifted its production forecast to 2,500 barrels of oil equivalent per day (boed) to 2,700 boed, versus its prior forecast of 2,300 boed to 2,500 boed. It also lifted its exit production view to 3,000 boed to 3,300 boed,...

Spartan Oil Corp (OTC: SRTNF) lifted its 2012 spending and production outlook. Spartan Oil raised its capital budget for this year to C$127 million, versus its earlier forecast of C$80.2 million. Spartan now projects average production to be in the range of 2,600 to 2,800 barrels of oil...

Whiting Petroleum Corp (NYSE: WLL) lowered its production projections for the fourth quarter and full year. Whiting Petroleum projects Q4 production of 6.5 million barrels of oil equivalent, versus its earlier forecast of 6.85 MMboe to 7.25 MMboe. For the year, Whiting expects 24.78 MMboe,...

Penn Virginia Corp (NYSE: PVA) lowered its fourth-quarter production forecast. Penn Virginia now projects Q4 production of 10.7 to 11.0 billion cubic feet of natural gas equivalent (Bcfe), versus its previous outlook of 12.2 to 12.7 Bcfe. Penn Virginia shares dropped 7.37% to close at $5.91...

Woodside Petroleum Ltd (OTC: WOPEY) issued downbeat production forecast. Woodside Petroleum projects to produce as much as 81 million barrels of oil equivalent in 2012. WOPEY shares closed at $34.16 on Wednesday.

Northern Oil & Gas Inc (AMEX: NOG) projects a rise in its current-quarter production. Northern Oil & Gas projects current quarter production to rise roughly 30% to 40% from the prior quarter. NOG shares closed at $21.19 yesterday.