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Stock impact report

Warren Resources Announces Fourth Quarter and Full-Year 2014 Financial and Operating Results

WARREN RESOURCES (WRES) 
US:NASDAQ Investor Relations: phx.corporate-ir.net/3wnu.url
Company Research Source: GlobeNewswire
FY14 Record Total Revenue of approximately $151 Million, a 17% increase FY14 Record EBITDA of approximately $90 million, a 15% increase FY14 Record Production of 22.8 Bcfe, a 77% increase FY14 Lease Operating Expenses and Taxes per Mcfe Declines 26% NEW YORK, March 11, 2015 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) today reported its fourth quarter and full-year 2014 financial and operating results. In announcing the results, Lance Peterson, Interim Chief Executive Officer, commented, "2014 was a transformational year for Warren, with strong growth in reserves, production, revenues and cash flows and the successful execution of the acquisition and integration of the Marcellus assets. While there has been significant volatility in commodity prices and the capital markets recently, Warren has an asset base well positioned to successfully navigate the current market environment. As operator of all three of our main assets, the Company was able to right-size its de Show less Read more
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