Exploration & Production | Quarterly / Earnings Reports
EnerJex Adds Oil, Injection Wells to Mississippian Acreage
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EnerJex Resources, Inc. has reported its results for the quarter ended June 30, 2013.
Highlights for the second quarter include the following: Production of 23,857 barrels of oil, a 11% increase compared to the prior year excluding production from certain properties that were assigned to outside general partners upon the dissolution of Rantoul Partners at the end of 2012. Revenue of $2.2 million, a 16% increase compared to the prior year excluding revenue from certain properties that were assigned to outside general partners upon the dissolution of Rantoul Partners at the end of 2012. Operating expenses of $31.52 per net barrel of oil produced, a 1% decrease compared to the prior year. Adjusted earnings before interest, income tax, depriciation and amortization (EBITDA) of $864,515, a…Finish this article — free account or subscription
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