Pogo Producing Co said it should gain some 700 to 800 barrels per day of additional oil production when new onshore wells start production in June. The company said work on offshore properties appears to be on schedule to complete the addition before year end of about 10 mln cubic feet of gas and 400 barrels of liquids to Pogos daily producing capabilities. In the first quarter liquids production averaged 8525 barrels daily down from 11233 barrels a day in the year earlier quarter.
POGO <PPP> SEES INCREASING OIL PRODUCTION