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Black Ridge Production Grows 36% From First Quarter
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Black Ridge Oil & Gas, Inc., a growth-oriented exploration and production (E&P) company focused on non-operated Bakken and Three Forks properties, has announced financial and operating results for the quarter ended June 30, 2014.
2Q 2014 Highlights Record quarterly production averaged 715 barrels of oil equivalent per day (Boe/d), representing 153% growth compared to the second quarter of 2013, and 36% growth compared to the first quarter of 2014; Adjusted EBITDA increased to a record $3.6 million, representing a 194% increase compared to $1.2 million for the second quarter of 2013, and a 52% increase compared to the first quarter of 2014; Record oil and gas sales, excluding the effect of derivatives, totaled $5.6 million, representing 158% growth compared to the second quarter of…- ✓ Full news archive — U.S., Canada & international coverage
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