Avila Energy Corporation Expects Increase in 3rd Party Processing Volumes and Provides Operational Update

Avila Energy Corporation has announced a significant expected increase in its 3rd Party Processing Volumes, alongside an operational update. Following its focus on establishing a resilient mid-stream business, the company now progresses into building its Vertically Integrated Energy Business. Notably, an increase in 3rd party volumes up to 4,000 mcf/d by March 2024 and further to over 10,000 mcf/d by October 2024 is anticipated. This growth is seen as solidifying Avila’s presence in the industry, aiming to evolve into a Carbon Neutral Vertically Integrated Energy Company.

The company also reported on the progress in its upstream operations, aiming for a production increase to over 1,000 BOE/d by the early 3rd quarter of 2024. Avila plans to exceed its "Break-even Point" and continues remediation of its upstream operations. In addition, the company is making strides towards launching Avila I.E.S., an integrated "Off-Grid" energy solution based on the EnerTwin micro-turbine CHP, marking significant advancements in North America.

Avila Energy's commitment remains towards becoming a vertically integrated Carbon Neutral Energy Producer, focusing on sustainable energy production and direct-to-consumer sales. The company expects these developments to significantly contribute to its annualized cash-flow, further cementing its position in the energy sector.