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RMP Enhancing Montney Completion Methods; Talks Reserves
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RMP Energy Inc. reported for the year ended December 31, 2014 record financial and operating results including funds from operations of $164.1 million ($1.36 per basic share) on revenue of $265.9 million and average daily production of 11,782 barrels of oil equivalent.
Fourth Quarter 2014 and Fiscal 2014 Highlights: Fiscal 2014 production increased 71% year-over-year to average 11,782 boe/d (weighted 56% light oil and NGLs), which exceeded the Company's originally-guided 2014 production target of 10,000 boe/d and its subsequently upward revised guidance of 11,500 boe/d. Fourth quarter 2014 production averaged 12,342 boe/d, weighted 51% light oil and NGLs, reflecting a 70% increase over the comparable fourth quarter 2013 production of 7,266 boe/d. Recorded fourth quarter production was…- ✓ Full news archive — U.S., Canada & international coverage
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