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Emerald Oil's BOE Production Doubles Over Year
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Emerald Oil, Inc. has announced financial and operational results for the quarter ended September 30, 2014 and established production and CAPEX guidance for 2015.
Highlights Production of 351,755 BOE during the third quarter of 2014, an average of approximately 3,855 BOEPD, an increase of 3% compared to the second quarter of 2014 and 104% compared to the third quarter of 2013; EBITDA of $26.2 million; Adjusted EBITDA of $15.3 million for the third quarter of 2014; Net income attributable to common shareholders of $13.7 million or $0.21 per share (basic) for the third quarter of 2014 and adjusted net income attributable to common shareholders of of $5.3 million or $0.08 per share (basic) for the third quarter of 2014; LOE costs during the third quarter of 2014 of approximately $12.70 per…- ✓ Full news archive — U.S., Canada & international coverage
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