Combined oil and gas production increased 13 percent in the second quarter to 56 million barrels. The Ocean Energy takeover more than offset the impact of $1.4 billion in property sales last year.
Average daily gas production rose 8.9 percent from a year earlier, to 2.37 billion cubic feet. Second-quarter revenue increased 67 percent to $1.5 billion, driven by a 64 percent climb in realized gas prices and a 13 percent advance in crude oil prices. Realized natural gas liquids prices rose 31 percent.
The company stands by its third-quarter target for oil and gas production of 61 million to 63 million barrels, putting it on track to produce between 224 million and 229 million barrels this year.
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