07:11 AM EDT, 05/31/2024 (MT Newswires) -- Petrus Resources ( PTRUF ) overnight Thursday reported estimated production of 9,679 barrels of oil equivalent per day (boe/d) in April, down 3% from the previous month.

The decrease was attributed to accounting adjustments associated with working interest changes and the timing of operations notices offsetting volumes added from recently drilled wells. Petrus also reported capital spending of $2.5 million in April.

The company saw a full month of production from the newly drilled non-operated wells completed and brought online in late March. The initial performance of the wells aligns with expectations and contributed around 715 boe/d of new production in April.

Petrus said it will return to its 2024 capital program in June, starting with completion operations on the operated wells drilled in January. Drilling is scheduled to resume in the summer.