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Black Ridge Sees Big Bakken Results; Holds Interest in 208 Wells
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Black Ridge Oil & Gas, Inc. has reported financial and operating results for the three months and year ended December 31, 2013.
Full Year 2013 Company Highlights Increased annual production 47% from 2012 to 108.8 thousand barrels of oil equivalent, an average of approximately 298 barrels of oil equivalent per day Increased annual revenue 51% to $9.1 million from $6.0 million in 2012 Increased total proved reserves, as determined by Netherland, Sewell & Associates, Inc., to 4.5 million Boe, an increase of 90% from 2012 Increased pre-tax PV10% of the total proved reserves as of December 31, 2013 to $74.4 million, an increase of 166% from 2012 Exited 2013 with production from 153 gross (4.87 net) wells, up from 66 gross (2.30 net) at the end of 2012, an increase of 112% on a net well…- ✓ Full news archive — U.S., Canada & international coverage
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