Exploration & Production | Operational Updates | Capital Markets | Private Equity Activity
NFR Energy Drills First Eagle Ford Well
NFR Energy LLC today reported its unaudited second quarter 2012 financial and operating results.
Drilled and completed Sustr #1 – First well in the Eagle ford Shale in South Texas
Built position up to 62,000 acres in DK prospect, the new liquid position in East Texas, and spud the first well
Production volumes during the three months ended June 30, 2012 were 12.5 Bcfe, an increase of 2.8 Bcfe or 29% from second quarter 2011 production. The increase in production is attributed to positive results from the Company’s drilling program and continued success of its recent acquisitions.
Revenues from production of oil and natural gas decreased from $48.2 million in the second quarter of 2011 to $39.6 million in the second quarter of 2012, a decrease of 18%. The net decrease in oil and…
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