Twin Butte Energy Ltd. announced that net capital spending for the third quarter will be approximately $11 million providing a quarterly all-in payout ratio of approximately 76% and a year-to-date all-in payout ratio of 84%.

Based on third quarter drilling success as well as an expanded fourth quarter drilling program, the company anticipates exiting 2013 with production of 16,500 boe per day, up from its most recent forecast of 15,500 boe per day.

The company announced that year end net debt is anticipated to be just over $200 million on a current credit facility of $280 million providing Twin Buttewith substantial financial flexibility.