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RMP Achieves Record Production in 2015; 12,026 BOE/d
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RMP Energy Inc. reported for the year ended December 31, 2015 funds from operations of $92.5 million ($0.75 per basic share) on revenue of $161.6 million and average daily production of 12,026 barrels of oil equivalent.
Fourth Quarter 2015 and Fiscal 2015 Highlights Achieved an annual record level of production of 12,026 boe/d in fiscal 2015 (weighted 46% light oil and NGLs), surpassing the Company's previous record output of 11,782 boe/d in the prior year, in spite of a pared-back capital expenditures budget reduced in response to lower commodity prices. RMP's drilling operations were 38% lower in fiscal 2015; only 15 horizontal oil wells (15.0 net) were drilled versus 24 (24.0 net) horizontal wells in fiscal 2014. RMP's fourth quarter 2015 average daily production was 11,257 boe/d…- ✓ Full news archive — U.S., Canada & international coverage
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