Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Reserves
Emerald Touts 'Tremendous' Bakken Reserve, Production Growth
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Emerald Oil, Inc. announced financial and operational results for the quarter and year ended December 31, 2014.
Highlights: Increased fourth quarter production to 377,250 BOE, an average of approximately 4,101 BOEPD, an increase of 7% compared to the third quarter of 2014 and 71% compared to the fourth quarter of 2013; Increased annual production to 1,295,230 BOE, an average of 3,549 BOEPD, an increase of 110% compared to 2013; Increased total proved reserves to 26.3 MMBOE, an increase of 99% compared to 2013; Increased oil and natural gas sales to $101.2 million in 2014, an increase of 87% compared to 2013; Adjusted EBITDA of $15.0 million or $0.23 per share (basic) for the fourth quarter of 2014 and $56.8 million or $0.85 per share (basic) for 2014, and; Adjusted Net Income…- ✓ Full news archive — U.S., Canada & international coverage
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