Energy producer and distributor Origin Energy has reported record production, sales revenues and sales volumes for the September quarter.
Total production for the three months to September 30 was 33.9 petajoules equivalent (PJe), up 13 per cent on the previous quarter and up 42 per cent on the same period in 2007/08.
"The result reflected good production levels in the offshore (Victoria) Otway Gas and BassGas projects, a full quarter's production from the onshore Taranaki Basin (New Zealand) assets and continued growth in coal seam gas (CSG) production," Origin said.
Sales volumes rose 17 per cent on the June quarter to 35.2 PJe while sales revenues increased 38 per cent to $198.1 million, reflecting continued strength in liquid product prices, the company said.
Sales volumes and revenues were up on the same quarter last year by 41 per cent and 53 per cent, respectively.
Origin said high seasonal demand for gas resulted in extended periods of operation at peak design throughput at the Otway project.
The BassGas project produced above annual contracted rates.
The company said there had been some delays at its Kupe gas project in New Zealand, due partly to poor weather.
Commercial gas sales from the project are expected to commence in the September quarter next year.
Origin on Thursday completed its transaction with US energy giant ConocoPhillips to form a CSG-to-liquefied natural gas joint venture, and received $US5 billion ($A7.45 billion) as an up-front payment.
Origin said it would lodge a notice with the Australian Securities and Investments Commission on Friday to commence a $1.275 billion on-market share buyback, from November 13.
Shares in Origin were steady at $15.70.