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Black Ridge Tags 35 Completed Bakken Wells in 1Q
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Black Ridge Oil & Gas, Inc. has reported financial and operating results for the three months ended March 31, 2014.
First Quarter 2014 Highlights Production average of 525 barrels of oil equivalent per day for the first quarter of 2014, representing 117% growth from the first quarter of 2013 and 47% growth compared to the fourth quarter of 2013 Adjusted EBITDA increased to $2.4 million compared to $982 thousand for the first quarter of 2013, representing a 142% increase Oil and gas sales, excluding the effect of derivatives, totaled $4.0 million, an increase of 111% compared to the first quarter of 2013; total revenues, including the effect of derivatives, increased 94% to $3.7 million compared to the same period a year ago The Company participated in the completion of 35 gross (0.64…- ✓ Full news archive — U.S., Canada & international coverage
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