Exploration & Production
Endeavour Adds Six Haynesville Wells To Production
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Endeavour reported adjusted EBITDA for the second quarter of 2011 was $7.6 million compared to $13.1 million in the second quarter of 2010 and $4.1 million in the first quarter of 2011. On a GAAP basis, net loss was $15.6 million for the second quarter of 2011 as compared to net income of $0.6 million for the same quarter in 2010.
Business Highlights:
North Sea: Commenced drilling operations at Bacchus Agreement of commercial terms for the processing and transportation of the Greater Rochelle production on the Scott Platform Contracts awarded for the pipeline and umbilical's for the development of Greater Rochelle area U.S. Onshore: Announced the acquisition of 50,000 net acres in Marcellus Shale with existing production and pipeline infrastructure 8 gross wells brought on production…Finish this article — free account or subscription
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