Pengrowth Energy (PGH) Reports Q2 Loss of $0.32

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Go back to Pengrowth Energy (PGH) Reports Q2 Loss of $0.32

Pengrowth Delivers Strong Second Quarter Operational Performance and Continued Debt and Cost Reductions

August 4, 2016 5:56 PM EDT

CALGARY, ALBERTA -- (Marketwired) -- 08/04/16 -- Pengrowth Energy Corporation (TSX: PGF) (NYSE: PGH)

Pengrowth's continued focus on all cost structures was clearly demonstrated with the second quarter results, where operating costs are now expected to come in approximately $65 million below guidance, year to date general and administrative (G&A) costs dropped by approximately $9.0 million year over year and transportation costs were also reduced. The impact of cost reduction efforts is evident in the successful reduction of approximately $225 million of outstanding debt since the end... More