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PetroShale Ups Bakken Production 82% to 1,376 BOE/d
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PetroShale Inc. reported its financial and operating results for the three month period ended March 31, 2016.
Highlights:PetroShale continued to execute our strategy focused in the heart of the North Dakota Bakken, with demonstrated success growing our asset base and productive capacity, positioning the Company for future growth. During the quarter, we achieved the following:
Increased production to 1,376 boe/d during the first three months, an increase of 82% from 757 boe/d in the same quarter in 2015, a result of our participation in the drilling and completion of new wells and the acquisition of producing wells in 2015. Participated in 57 gross (1.15 net) wells at various stages of completion, of which 8 gross (0.66 net) wells were brought on production late in the quarter, and are…- ✓ Full news archive — U.S., Canada & international coverage
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