PostRock Energy Corp. (PSTR) Posts Mixed Q1 Results
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PostRock Reports First Quarter Results
May 13, 2014 4:01 PM EDTOKLAHOMA CITY, May 13, 2014 (GLOBE NEWSWIRE) -- PostRock Energy Corporation (Nasdaq: PSTR) today announced its results for the quarter ended March 31, 2014.
Highlights
Revenue totaled $21.8 million, up 36% from the prior-year period. Production, using a 19:1 oil-to-gas economic equivalency, averaged 47.5 MMcfe per day, down 2% from the prior-year period due primarily to adverse weather in the quarter. Oil production averaged 595 barrels a day, a 64% increase from the prior-year period. Oil contributed 23% of revenues, compared to 18% in the prior-year period. A settlement was reached... More