Exploration & Production | Quarterly / Earnings Reports
Panhandle Sees 'High Quality' Woodford, TX Drilling
Print
|
Panhandle Oil & Gas Inc. reported financial and operating results for the Company's fiscal second quarter and six months ended March 31, 2013.
Highlights: Recorded a second quarter 2013 net income of $1,022,487, $.12 per share, as compared to $675,966, $.08 per share, for the 2012 quarter. Generated cash from operating activities of $15,434,819 for the 2013 six-month period, well in excess of $12,719,947 of capital expenditures for drilling and equipping wells. Reported 2013 second quarter and six-month production of 3,245,411 Mcfe and 6,253,776 Mcfe, respectively, which were increases of 22% and 20%, respectively, over the same periods of fiscal 2012. Continued to significantly increase oil production, 72% and 45% for the quarter and six months, respectively, as compared to the same…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in