Exploration & Production | Top Story | Quarterly / Earnings Reports
Osage Touts Improved Nemaha Ridge Ops; Ups Revenue 75.8%
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Osage Exploration and Development, Inc. has reported financial results for the three months ended June 30, 2013 and provided an update on field operations.
For the quarter, the Company reported a 75.8% increase in revenues of $2.4 million compared to the same period in 2012, and operating income of $1.2 million versus a loss of $274,563 for the period ending June 30, 2012.
Second Quarter Drilling and ProductionOsage participated in drilling ten wells during the second quarter, bringing the total number of wells in which Osage has an interest to twenty-nine as of June 30, 2013. Additionally, the Company reported average daily production roughly in-line with first quarter production.
Improved Field OperationsConstraints imposed by the previously announced construction of an electrical…
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