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Boulder Cuts D&C Costs to $3.2 Million in 2015
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Boulder Energy Ltd. reported its financial and operating results for the year ended December 31, 2015.
Reduced drilling and completion costs to approximately $3.2 million per well by the end of 2015 as compared to DeeThree's $5.4 million per well in 2014. Highlights: Achieved average production of 5,940 boe/d (73% oil and NGLs). Generated revenue of $22.4 million. Generated funds from operations of $12.9 million (including realized hedge gains of $4.6 million) or $0.28/share. Reduced drilling and completion costs to approximately $3.2 million per well, a decrease of 38% as compared to $5.2 million per well in the fourth quarter of 2014 (by its predecessor DeeThree Exploration Ltd. on the same properties). Realized operating netbacks of $21.77/boe. Received confirmation from its…- ✓ Full news archive — U.S., Canada & international coverage
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