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Last $6.79 USD
Change Today +0.28 / 4.30%
Volume 1.7M
EOX On Other Exchanges
Symbol
Exchange
Frankfurt
NYSE Amex
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

emerald oil inc (EOX) Snapshot

Open
$7.44
Previous Close
$6.51
Day High
$7.81
Day Low
$6.63
52 Week High
08/26/14 - $172.60
52 Week Low
05/21/15 - $6.50
Market Cap
37.6M
Average Volume 10 Days
521.7K
EPS TTM
$-9.12
Shares Outstanding
5.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EMERALD OIL INC (EOX)

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emerald oil inc (EOX) Details

Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production company in the United States. The company designs, drills, and operates oil and natural gas wells. It primarily focuses on acquiring acreage and developing oil and natural gas wells in the Williston Basin located in North Dakota and Montana. As of December 31, 2014, the company controlled the rights to mineral leases covering approximately 122,000 net acres. It also participates in the drilling of oil and natural gas wells operated by other companies. The company was formerly known as Voyager Oil & Gas, Inc. and changed its name to Emerald Oil, Inc. in September 2012. Emerald Oil, Inc. was incorporated in 2004 and is headquartered in Denver, Colorado.

42 Employees
Last Reported Date: 03/10/15
Founded in 2004

emerald oil inc (EOX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $420.5K
Vice President of Accounting
Total Annual Compensation: $667.1K
Compensation as of Fiscal Year 2014.

emerald oil inc (EOX) Key Developments

Emerald Oil, Inc. Approves to Amend its Certificate of Incorporation

Emerald Oil, Inc. in its AGM held on May 20, 2015, approved the Certificate of Amendment to the Company’s Certificate of Incorporation to effect a 1-for-20 reverse stock split of the Company’s common stock.

Emerald Oil, Inc. Enters into Purchase and Sale Agreement with Yates Petroleum Corporation

On May 11, 2015, Emerald Oil, Inc. and one of its wholly owned subsidiaries entered into a purchase and sale agreement with Yates Petroleum Corporation and its affiliates pursuant to which the Company agreed to acquire Seller's right, title and interest in certain oil and gas properties and assets located in Lea and Eddy Counties, New Mexico, constituting approximately 10,746 net acres of core Delaware Basin acreage. The total purchase price for the asset package is approximately $75.2 million in cash.

Emerald Oil, Inc. Reports Consolidated Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Records Impairment Charges for the First Quarter of 2015; Reiterates Capex Guidance for the Full Year of 2015 and Provides Capex Guidance for the Full Year of 2016

EMERALD OIL, INC. reported consolidated unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues total net revenues of $14,794,379 compared with $18,270,019 for the same period last year. Loss from operations was $96,671,039 compared with $1,286,677 for the same period last year. Loss before income taxes was $97,662,334 compared with $1,651,087 for the same period last year. Net loss was $97,662,334 or $1.01 basic and diluted per share compared with net loss of $1,651,087 or $0.02 diluted per share for the same period last year. Net cash provided by operating activities was $21,094,683 compared with $10,227,413 for the same period last year. Purchases of other property and equipment was $240,746 compared with $389,076 for the same period last year. Adjusted EBITDA was $7.4 million as compared to $9.0 million for the same period in 2014. Adjusted net loss was $6.4 million or $0.07 per share for the first quarter of 2015. Revenues from sales of oil and natural gas for the first quarter of 2015 decrease was due to lower realized crude oil prices during the first quarter of 2015. Adjusted loss was $6,422,629 compared with adjusted income of $2,485,686 for the same period last year. First quarter production was 424,318 BOE increased 88% as compared to 225,905 BOE in the first quarter of 2014. Daily production averaged 4,715 BOEPD. For the first quarter of 2015, the company's total production volumes on a BOE basis increased 88% as compared to the first quarter of 2014. During the first quarter of 2015, the company realized a $47.81 average price per Bbl of oil (including settled derivatives) compared to an $83.56 average price per Bbl of oil during the first quarter of 2014. The company reported impairment of oil and natural gas properties was $85,254,000 for the first quarter ended March 31, 2015. The company reiterated capex guidance for the full year of 2015 and provided capex guidance for the full year of 2016. Its 2015 drilling and completion budget for well development in the range of approximately $62 million to $81 million to drill and complete approximately 6.5 or 8.5 net operated wells. Due to the service cost trajectory that the company see right now, the company anticipates that it will come in or below the low end of the CapEx range. The company expects spending levels in 2016 will be similar to 2015 if crudes stays in this area and will correlate to the upside if the crude prices rise further.

 

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