Ranger Oil increases oil sales guidance for fourth quarter

Ranger Oil Corp., Houston, increased its oil sales guidance for fourth-quarter 2021 to 26,700-28,000 b/d of oil from 25,700-27,700 b/d due to outperformance of existing wells, faster cycle times, and less anticipated downtime, the company said in a release Dec. 6 (OGJ Online, Nov. 5, 2021). 

Given continued operating efficiencies driving the revised guidance, the company said, it does not anticipate a change to its previously disclosed capital expenditure guidance of $65-75 million for the quarter.