Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Petroshale Increased Net Acreage in 2014
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PetroShale Inc. has announced its financial and operating results for the three and twelve month periods ended December 31, 2014, as well as its updated reserves as at December 31, 2014.
2014 Highlights: Successfully completed several asset acquisitions in our core target area in North Dakota, investing US$32.8 million to add 2,442 net acres of oil and gas leases and approximately 140 boe/d of production (Company interest, gross of royalty; 110 boe/d net of royalty). Participated in the drilling of 43 gross (3.3 net) wells, for a total drilling and completions cost of US$25.0 million. Increased fourth quarter 2014 production by 197% over the same period in 2013, averaging 519 boe/d (Company interest, gross of royalty; 408 boe/d net of royalty), weighted 94% to oil and…- ✓ Full news archive — U.S., Canada & international coverage
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