Exploration & Production | Quarterly / Earnings Reports
Legacy Touts 'Active' Bakken Ops in Q3; Plans Three Forks Speed Up
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Legacy Oil + Gas Inc. has reported an update for the three and nine months ended September 30, 2013.
Accomplishments: Increased average production from 16,726 Boe per day in the third quarter of 2012 to 19,489 Boe per day in the third quarter of 2013, a 17 percent increase year over year and a 7 percent increase over the second quarter of 2013, leading to an increase of 14 percent year over year for the nine month period of 2013 as compared to the same period in 2012 Exceeded the Company's 2013 exit production rate guidance Increased funds generated from operations of $55.3 million in the third quarter of 2012 to a record $80.0 million in the third quarter of 2013, a 44 percent increase year over year and a 12 percent increase over the second quarter of 2013, leading to an increase of…- ✓ Full news archive — U.S., Canada & international coverage
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