Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports
Crimson Talks Woodbine, Buda Well Results; Contango Deal
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Crimson Exploration Inc. has reported financial results for the first quarter of 2013.
Highlights: First quarter Revenue of $24.1 million and EBITDAX of $15.5 million Average production of 35,924 Mcfe per day exceeds guidance, current production of 39,750 Mcfe per day Crimson successfully drilled the Beeler #2H, its first well targeting the Buda formation Crimson Exploration Inc. and Contango Oil & Gas Company jointly announced the signing of a merger agreement for an all-stock transactionAllan D. Keel, President and Chief Executive Officer, commented, "In the first quarter of 2013, we continued to successfully execute our drilling program in the Woodbine formation having previously announced the Nevill-Mosley #1H and the Mosley B #1 wells and brought the Covington-Upchurch online in…
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