PrairieSky Reports Record Q1 Oil Production

Prairiesky Royalty Ltd. (TSE:PSK) has released an update.

PrairieSky Royalty Ltd. reported a robust start to 2024 with record oil royalty production of 13,142 barrels per day in Q1, marking an 8% year-over-year increase. The company’s leasing activity remained strong with 50 new leases, generating $120.7 million in total quarterly revenue and yielding $83.0 million in funds from operations. They also continued to reduce net debt, which stood at $208.3 million by the end of March.

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