Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Emerald Oil To Increase Bakken Shale Rig Count
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Emerald Oil, Inc. has reported financial and operational results for the quarter and year ended December 31, 2013.
Highlights Increased fourth quarter production to 220,793 BOE, an average of approximately 2,430 BOEPD, an increase of 29% compared to the third quarter of 2013 and 101% compared to the fourth quarter of 2012; Increased annual production to 616,065 BOE, an average of 1,688 BOEPD, an increase of 80% compared to 2012; Increased total proved reserves to 13.2 MMBOE, an increase of 147% compared to 2012; Increased oil and natural gas sales to $54.0MM in 2013, an increase of 92% compared to 2012; Adjusted EBITDA of $5.0 million or $0.08 per share (basic) for 4Q13 and $20.2 million or $0.49 per share (basic) for FY13, and; Net loss attributable to common shareholders of $10.9…- ✓ Full news archive — U.S., Canada & international coverage
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