Alta Mesa Holdings, LP engages in the acquisition, exploitation, exploration, and production of onshore oil and natural gas properties in the United States. The company holds interests in the Sooner Trend fields located in Oklahoma; Weeks Island field located in Iberia Parish, Louisiana; and Eagleville field located in Karnes County, Texas. As of December 31, 2014, it had total proved oil and natural gas reserves of approximately 56.9 MMBOE. The company was founded in 1987 and is headquartered in Houston, Texas.
15021 Katy Freeway
Houston, TX 77094
Founded in 1987
Alta Mesa Holdings, LP Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015; Provides Capital Expenditure Guidance for the Year 2015; Reports Impairment Expense for the Fourth Quarter Ended December 31, 2014
Mar 26 15
Alta Mesa Holdings, LP announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income was $21,795,000 against net loss of $129,861,000 a year ago. Adjusted EBITDAX was $61,812,000 against $60,934,000 a year ago.
For the year, the company reported total revenues of $616,207,000 against $355,792,000 a year ago. Income from operations was $155,173,000 against loss from operations of $98,651,000 a year ago. Income before state income taxes was $99,376,000 against loss before state income taxes of $153,715,000 a year ago. Net income was $99,200,000 against net loss of $153,715,000 a year ago. Net cash provided by operating activities was $184,884,000 against $172,519,000 a year ago. Capital expenditures for property and equipment were $366,090,000 against $311,438,000 a year ago. Acquisitions of property and equipment were $18,110,000 against $51,377,000 a year ago. Adjusted EBITDAX was $261,444,000 against $236,437,000 a year ago.
For the quarter, the company’s production volumes totaled 1.6 MMBOE or an average of 17.8 MBOE/D compared to 1.6 MMBOE or 17.5 MBOE/D for the fourth quarter of 2013.
For the year, the company’s production volumes totaled 6.7 MMBOE or an average of 18.4 MBOE/D compared to 6.1 MMBOE or 16.6 MBOE/D for full-year 2013. Oil and natural gas liquids production was up 31% compared to full year 2013 production. The increase in annual production is primarily a result of the successful and continued development in the Sooner Trend (up 203%) and Weeks Island (up 56%) assets.
For the quarter, the company reported impairment expense of $47,020,000 against $114,548,000 a year ago.
Production for the first quarter of 2015 is expected to average between 18 MBOE/D and 22 MBOE/D. EBITDAX for the first quarter 2015 is expected to range between $59 million and $63 million.
Capital expenditures for 2015 are expected to be approximately $84 million.
Alta Mesa Holdings, LP Presents at IPAA's OGIS New York, Apr-20-2015 01:35 PM
Mar 18 15
Alta Mesa Holdings, LP Presents at IPAA's OGIS New York, Apr-20-2015 01:35 PM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, New York, United States.
Alta Mesa Holdings, LP to Report Q4, 2014 Results on Mar 26, 2015
Feb 27 15
Alta Mesa Holdings, LP announced that they will report Q4, 2014 results at 2:00 PM, Central Standard Time on Mar 26, 2015