Exploration & Production | Top Story | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Key Wells
Osage Poised to Exceed Year-End Exit Rate; Talks Wells
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Osage Exploration and Development, Inc. reported its operational and financial results for the quarter ended September 30, 2014.
Highlights: Record revenue from continuing operations of $3.3 million, a 34.3% increase over the previous quarter Adjusted EBITDA* of $2.0 million, up 63.6% quarter-over-quarter Record average daily production net of royalties of 537 barrels of oil equivalent per day (BOEPD) during the third quarter of 2014, a 26.1% increase versus the previous quarter and, Record quarterly production of 49,440 BOE, 27.5% higher quarter-over-quarter and 63.8% higher than the third quarter of 2013 Operational UpdateSince the end of the third quarter of 2014, Osage has:
Brought two horizontal wells into production, the previously announced McNally 1-29MH and the McNally…Finish this article — free account or subscription
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