Exploration & Production
Crimson Exploration Updates Eagle ford and Woodbine Operations
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Crimson Exploration Inc., today announced financial results for the second quarter and first six months of 2012 and provides operational update.
Highlights
Revenue of $30.5 million and net income of $3.9 million for the quarter EBITDAX of $25.5 million for the quarter, a 31% increase over second quarter of 2011 Increased oil and liquids production to 3,074 barrels per day, a 44% volume increase over the prior year quarter Successfully completed the Payne #1H, targeting the Woodbine formation, at a gross IP rate of 1,332 Boepd Commenced completion operations on the KM Ranch #2, targeting the Eagle Ford Shale formation, in Zavala County, TexasDrilling Update
Woodbine Activity
Crimson’s Force area, located in western Madison County, Texas, consists of approximately 5,975 net acres with…
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