Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
EnerJex Bolsters Niobrara Position, Reserves; Credits Recent M&A Deal
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EnerJex Resources, Inc. has filed its SEC Form 10-K detailing the Company's results of operations for 2013.
These results include the impact of EnerJex's merger with Black Raven Energy, Inc. for the fourth quarter of 2013.
Financial and Operational Highlights:Fourth Quarter:
Record production of 44,307 net barrels of oil equivalent (85% oil), a 59% increase compared to the prior year. Record revenue of $3.7 million, a 62% increase compared to the prior year. Record net income attributed to EnerJex, adjusted to exclude the effect of derivative contracts or oil hedges, of $0.9 million, a 2,214% increase compared to the prior year. Record earnings attributed to EnerJex before interest, income tax, depreciation and amortization, adjusted to exclude the effect of derivative contracts or oil…- ✓ Full news archive — U.S., Canada & international coverage
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