YPF Says Combined Output Plummets 4.3% In 3Q:18

(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — YPF announced that combined equivalent production fell 4.3% in the third quarter of 2018.

Total production fell to 529.1 Mboe/d in 3Q:18 compared to 553.2 Mboe/d in 3Q:17, and driven mainly by a decline in NGL production and natural gas demand restrictions, the company announced during its quarterly call with investors and analyst.

Year-over-year, production of NGLs was down 44.6%, natural gas production was down 1%, while crude oil production was up a slight 0.1%, the company said.

Looking forward, YPF announced its year-end 2018 production guidance has been revised to negative 3-4% compared to negative 2% earlier.

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