Petrus Resources Ltd. reported production results for the year 2014. For the year, the company recorded production of 11,200 boe/d (54% natural gas), an increase over the 2013 exit rate of 4,052 boe/d (58% natural gas). In addition, Petrus exited the year with an additional 800 boe/d of productive capacity from new wells that had been drilled, tested and were at various stages of tie-in.

For 2015, the company Board of Directors has approved an initial capital budget of $50 million for 2015. The capital budget provides for the drilling of three Ferrier and two Foothills wells in the first half of 2015, to be funded entirely through cash flow.