Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
RMP's Montney Success Ups Production, Reserves; Updates Well Count
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RMP Energy Inc., for the year ended December 31, 2013, reported funds from operations of $78.6 million ($0.72 per basic share) on revenue of $136.1 million and average daily production of 6,872 barrels of oil equivalent (53% light oil and NGLs weighted).
Fourth Quarter and Fiscal 2013 Highlights Fourth quarter 2013 production averaged 7,266 boe/d, weighted 55% light oil and NGLs and 45% natural gas; an overall increase of 9% over the preceding third quarter 2013 production of 6,639 boe/d. Fiscal 2013 production averaged 6,872 boe/d, weighted 53% light oil and NGLs, as compared to the previous year of 5,356 boe/d (43% light oil and NGLs) and fiscal 2011 of 3,472 boe/d (25% light oil and NGLs). Please refer to Corporate Production Update section within this news release. Petroleum and…- ✓ Full news archive — U.S., Canada & international coverage
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