Warren Resources (WRES) Posts Q3 Loss of $2.29/Share

Go back to Warren Resources (WRES) Posts Q3 Loss of $2.29/Share

Warren Resources Announces Third Quarter 2015 Financial and Operating Results

November 9, 2015 7:10 AM EST

Strong gas production of 7.3 billion cubic feet (Bcf) hits upper end of guidanceConsistent oil production of 243 thousand barrels (MBbls) at midpoint of guidance24% reduction in per unit lease operating expenses (LOEs), from $1.80 per million cubic feet equivalent (Mcfe) in the fourth quarter of 2014 to $1.38 per Mcfe in the third quarter of 2015

DENVER, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (Nasdaq: WRES) today reported its third quarter 2015 financial and operating results. While production remains a strong focus, operational... More