Exploration & Production | Operational Updates | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Warren Touts Strong Marcellus Results; Drills 33 CBM Wells in 4Q
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Warren Resources, Inc. reported its fourth quarter and full-year 2014 financial and operating results.
Highlights: FY14 Record Total Revenue of approximately $151 Million, a 17% increase FY14 Record EBITDA of approximately $90 million, a 15% increase FY14 Record Production of 22.8 Bcfe, a 77% increase FY14 Lease Operating Expenses and Taxes per Mcfe Declines 26%In announcing the results, Lance Peterson, Interim Chief Executive Officer, commented, "2014 was a transformational year for Warren, with strong growth in reserves, production, revenues and cash flows and the successful execution of the acquisition and integration of the Marcellus assets. While there has been significant volatility in commodity prices and the capital markets recently, Warren has an asset base well positioned to…
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