Beach reports record quarter, helped by Drillsearch merger
Oil and gas company Beach Energy, which recently merged with Drillsearch, has increased its production by 13% quarter-on-quarter in the June quarter, producing 2.72-million barrels of oil equivalent in the three-month period.
The company sold 3.10-million barrels of oil equivalent, a 17% increase on the March quarter, generating revenue of $166.6-million, or 39% more than in the previous quarter.