On May 5, Emerald Oil Inc. (NYSE: EOX) detailed the updates to its 2014 production guidance, and also detailed the financial results for the first-quarter 2014, which ended March 31.
The year’s drilling and completions capex guidance was increased by $68 million, to $250 million, the company said, noting that it was increased due to a fourth rig.
Over the first-quarter this year, production increased 136% over last year’s first-quarter, the company said. Production was 225,905 barrels of oil equivalent (boe), the company added.
The production forecast for second-, third- ...