Feb 29, 2024 / 02:00PM GMT
Operator
Good morning, ladies and gentlemen. Welcome to the fourth-quarter results conference call. I would like to turn the meeting over to Mr. David Spyker. Please go ahead.
David Spyker - Freehold Royalties Ltd - President, Chief Executive Officer, Director
Good morning, everyone, and thank you for joining us today. On the call with me with Freehold are Rob King, our COO; and Dave Hendry, our CFO.
2023 was a strong year for Freehold. It really showcase the strength of our unique North American portfolio, which consists of a robust production base in Canada and a growing oil-weighted position in the US.
Total production of 14,714 boe a day in 2023 was up 4% over the previous year, driven primarily by oil weighted US production growing 16% year over year to 51.2 boe a day. Growth in our US assets was driven by the Midland Basin with volumes up 25% over 2022.
Our Canadian portfolio had no decline in production year over year. 2023 production in Canada was 9,612 boe a day, driven by consistent operator activity. This was achieved in the
Q4 2023 Freehold Royalties Ltd Earnings Call Transcript
Mar 01, 2024
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