PostRock Energy Corp. (PSTR) Tops Q2 EPS by 35c

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PostRock Reports Second Quarter Results

August 6, 2014 4:15 PM EDT

OKLAHOMA CITY, Aug. 6, 2014 (GLOBE NEWSWIRE) -- PostRock Energy Corporation (Nasdaq: PSTR) today announced results for the quarter ended June 30, 2014.

Highlights

Revenue rose to $21.6 million, up 10% from the prior-year period. Production, at the quarter's 23:1 oil-to-gas economic equivalency, averaged 52.3 MMcfe per day, flat with the prior-year period. Oil production averaged 682 barrels per day, up 25% from the prior-year period and just shy of 30% of total production on an economic equivalency basis. During the quarter, oil development activities in Central Oklahoma accelerated. A very... More