Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Petroshale Closes Three 1Q Acquisitions in ND
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PetroShale Inc. has announced its financial and operating results for the quarter ended March 31, 2014.
Operating Highlights: Reported production for the quarter of 166 boe/d (Company interest, gross of royalty - 127 boe/d net of royalty interest), weighted 95% to light crude oil and liquids, a 34% increase over the same period in 2013. Including incremental production volumes from four (gross) new wells that came on-stream in February 2014 in the Company's Stockyard Creek asset, confirmed run-rate production through early May of approximately 300 boe/d (gross of royalty); In addition to the four (0.2 net) new wells brought onto production during the quarter, the Company drilled and is in various stages of completing an additional four (0.4 net) wells subsequent to the end of the…- ✓ Full news archive — U.S., Canada & international coverage
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