Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update | Capital Markets | Private Equity Activity
Athlon Reports Record First Quarter Financial Results
Print
|
Athlon Energy has reported record first quarter 2014 financial results.
Company Highlights Adjusted EBITDA increased 94% to $79.0 million for the first quarter 2014 as compared to $40.7 million for the first quarter 2013. Discretionary cash flow increased 90% to $68.5 million for the first quarter 2014 as compared to $36.0 million for the first quarter 2013. Average daily production volumes for the first quarter 2014 increased 71% to 17.0 MBOE/D as compared to 10.0 MBOE/D produced in the first quarter 2013, above the high-end of Company guidance. Direct LOE decreased 15% to $6.85 per BOE for the first quarter 2014 from $8.07 per BOE for the first quarter 2013. The Company recently closed on approximately $200 million of previously announced $873 million acquisitions.Bob Reeves…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…