Q4 2023 Freehold Royalties Ltd Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the fourth-quarter results conference call. I would like to turn the meeting over to Mr. David Spyker. Please go ahead.
Good morning, everyone, and thank you for joining us today. On the call with me with Freehold are Rob King, our COO; and Dave Hendry, our CFO.
2023 was a strong year for Freehold. It really showcase the strength of our unique North American portfolio, which consists of a robust production base in Canada and a growing oil-weighted position in the US.
Total production of 14,714 boe a day in 2023 was up 4% over the previous year, driven primarily by oil weighted US production growing 16% year over year to 51.2 boe a day. Growth in our US assets was driven by the Midland Basin with volumes up 25% over 2022.
Our Canadian portfolio had no decline in production year over year. 2023 production in Canada was 9,612 boe a day, driven by consistent operator activity. This was achieved in the
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