Q4 2019 Prairiesky Royalty Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. And welcome to the PrairieSky Royalty announces their annual and fourth quarter 2019 financial results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference to your speaker today, Andrew Phillips, President and CEO. Please go ahead, sir.
Thank you, Jewel, and good morning, and thank you for dialing in to the PrairieSky year-end 2019 conference call. On the call from PrairieSky are Cam Proctor, COO; Pam Kazeil, CFO; and myself, Andrew Phillips. Before I turn the call over to Pam, I will give an operational update and a year-end review.
We entered 2019 with 15.45 million royalty barrels in book reserves. We received over 3 million royalty barrels of production in 2019, which was the largest contributor to our $220 million free cash flow. We exited the year with 16.1 million royalty oil barrels
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