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SRC Gets +200% Oilier YOY in Q1; Total Production Up Over 150% to 45.4 MBOEPD

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   |    Wednesday,May 23,2018

SRC Energy reported its Q1 2018 results.

Production Highlights

  • Crude oil volumes up +200% YOY to 2,041 MBbls
  • Q1 2018 production up 156% YOY to 45.4 MBOEPD

Drilling Activity

Financial Highlights:

  • Revenues were $147.2 million for the three months ended March 31, 2018
  • Net income was $65.8 million or $0.27 per diluted share for the three months ended March 31, 2018
  • Drilling and completion capital expenditures of $111.0 million for the three months ended March 31, 2018 were funded from EBITDA

 

 

 

 

 

 



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