Triangle Petroleum Co. (NYSE MKT: TPLM) provided fourth-quarter 2014 and fiscal year 2014 earnings details, the company said April 7, noting that its fourth-quarter 2014 and its fiscal year 2014 both ended Jan. 31.
The fiscal year was ended with about $82 million in cash and about $205 million drawn on credit facilities, the company said.
Of the amount drawn on credit, 90% was in the exploration and production (E&P) segment, while 10% was associated with its subsidiary RockPile Energy Services, Triangle Petroleum said.
The estimated realized price for oil rose over the fiscal year. It stood at $88.07 for the fiscal year, and was $95.59 for the first-quarter, the company said.
Denver-based Triangle Petroleum Co. holds 94,000 net acres in the Bakken/Three Forks areas.
Recommended Reading
US Drillers Cut Most Oil Rigs in a Week Since November
2024-04-26 - The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks
2024-02-02 - Baker Hughes said U.S. oil rigs held steady at 499 this week, while gas rigs fell by two to 117.