Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Piceance Drives Par Petroleum's 2013 Results; Tags 237 Bcfe in Reserves
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Par Petroleum Corporation reported a fourth quarter 2013 net loss of $42 million, and a full year 2013 net loss of $71 million. The company also reported Adjusted EBITDA of ($22) million for the fourth quarter of 2013 and ($16) million for the full year.
Highlights: Fourth Quarter Net loss of $42 million Fourth Quarter Adjusted EBITDA of ($22) million Full Year Net Loss of $71 million Full Year Adjusted EBITDA of ($16) million 237 billion cubic feet equivalent (Bcfe) of estimated SEC proved reserves $92.9 million of standardized measure of discounted future net cash flows and estimated future net cash flows from estimated SEC proved reserves discounted at 10% before income taxes (PV-10) using a first day of the month average 12-month natural gas price of $3.53 per MMBtu in…- ✓ Full news archive — U.S., Canada & international coverage
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