Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update
EnerJex Plans 17 New Niobrara Wells
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EnerJex Resources, Inc. has reported its results for the quarter ended March 31, 2014.
EnerJex's CEO, Robert Watson, Jr., commented, "I am very pleased to announce these record results, which were achieved despite an extremely cold and prolonged winter, which significantly impacted the company's production and its ability to operate. I expect EnerJex to set new records during the second quarter, and I have never been more excited about the Company's future."
Highlights: Record production of 49,189 barrels of oil equivalent (81% oil), an 85% increase compared to the prior year. Record revenue of $3.9 million, a 65% increase compared to the prior year. Net income, adjusted to exclude the effect of derivative contracts or oil hedges, of $0.5 million, a 95% increase compared to the prior…- ✓ Full news archive — U.S., Canada & international coverage
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