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Black Ridge Builds Bakken Production; Hits Record Results
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Black Ridge Oil & Gas, Inc. has reported financial and operating results for the three and nine months ended September 30, 2013.
Third Quarter 2013 Financial Highlights Record adjusted EBITDA from oil and gas operations (excludes non-operating net settlement income) totaled $1.7 million, an increase of 61% and 38% from third quarter of 2012 and second quarter of 2013, respectively Record production averaged 308 barrel of oil equivalent per day, representing 2% production growth compared to the third quarter of 2012, our previous production record, and 10% production growth compared to the second quarter of 2013 Record revenue totaled $2.5 million, an increase of 11% from the third quarter of 2012 and an increase of 18% compared to second quarter 2013 Reduced general and administrative…- ✓ Full news archive — U.S., Canada & international coverage
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