Last $1.19 USD
Change Today +0.0032 / 0.27%
Volume 4.0K
PSTR On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

postrock energy corp (PSTR) Snapshot

Open
$1.15
Previous Close
$1.19
Day High
$1.20
Day Low
$1.15
52 Week High
09/5/13 - $1.70
52 Week Low
09/25/13 - $1.08
Market Cap
36.7M
Average Volume 10 Days
6.2K
EPS TTM
$-1.00
Shares Outstanding
30.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for POSTROCK ENERGY CORP (PSTR)

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postrock energy corp (PSTR) Details

PostRock Energy Corporation, an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and gathering of crude oil and natural gas. It primarily focuses on the production of conventional oil and coal bed methane gas from its properties located in the Cherokee basin, a region in southeastern Kansas and northeastern Oklahoma. The company also has oil producing properties in Oklahoma; and minor oil and gas producing properties in the Appalachian basin. Its estimated proved reserves include 86.6 billion cubic feet of natural gas and 4.4 million barrels of oil. As of December 31, 2013, the company had approximately 2,757 net wells on approximately 342,200 net acres located in the Cherokee basin; 47 net wells on approximately 10,300 net acres situated in Central Oklahoma; and 380 net wells on approximately 8,900 net acres located in the Appalachian basin. PostRock Energy Corporation was founded in 1982 and is headquartered in Oklahoma City, Oklahoma.

209 Employees
Last Reported Date: 03/28/14
Founded in 1982

postrock energy corp (PSTR) Top Compensated Officers

Chief Executive Officer, President, Principal...
Total Annual Compensation: $350.0K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

postrock energy corp (PSTR) Key Developments

PostRock Energy Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter Ended June 30, 2014 and Cash Flow Results for the Six Months Ended June 30, 2014; Provides Capital Expenditure and Production Guidance for the Year 2014

PostRock Energy Corporation announced unaudited consolidated earnings and operating results for the second quarter ended June 30, 2014. For the quarter, the company reported revenue rose to $21.596 million, up 10% from $19.594 million for the prior-year period. Despite lower volumes, gas revenue increased slightly to $14.7 million, due to an 11% increase in realized prices to $4.39 per Mcf. Oil revenue increased 39% to $6.2 million, as production grew 25% and the realized price of $99.82 per barrel was 11% higher than the prior-year period. Gas gathering revenue increased 4% to $746,000, as higher gas prices more than offset lower third-party volumes in the Cherokee Basin. Loss before income taxes was $5.988 million against income before income taxes of $6.880 million a year ago. Net loss attributable to common stockholders was $7.445 million or $0.23 per basic and diluted share against net income attributable to common stockholders of $3,231 million or $0.13 per basic and diluted share a year ago. EBITDA was $4.852 million against $14.342 million a year ago. Adjusted EBITDA was $6.545 million against $4.539 million a year ago. During the quarter, capital expenditures totaled $10.7 million. For the six months, net cash flows from operating activities were $8.451 million against $1.249 million a year ago. Expenditures for equipment, development and leasehold were $14.737 million against $26.821 million a year ago. For the quarter, the company's oil production averaged 682 barrels per day, up 25% from the prior-year period. Total natural gas production was 3,337 MMcf against 3,635 MMcf a year ago. Total crude oil production was 62,050 Bbls against 49,481 Bbls a year ago. Total natural gas 23:1 oil-to-gas economic equivalency was 4,764 MMcfe against 4,773 MMcfe a year ago. Total natural gas 6:1 oil-to-gas economic equivalency was 3,709 MMcfe against 3,931 MMcfe a year ago. The increase in oil production in the first quarter was driven predominantly by a very successful workover program that was initiated in March and continued on through May 2014. Gas production averaged 36.7 MMcf a day, down 8.2% from the prior year period. This is an improvement from traditional 11% to 13% decline on the quarter. The primary driver of the reduction is attributable to the fuel savings from the compressor optimization project that wrapped up in late May of this year coupled with a slight improvement in the overall decline curve for the period. The company expects to invest an additional $14 million to $15 million throughout the balance of the year on capital development, almost completely funded by cash flow from operations. The company expects to drill at least 1 may be 2 additional Hunton wells, just rig availability and preparation to drill and watching the performance of the first 2 wells for a little while it would not expect to spud the next Hunton well until late third quarter, early fourth quarter. The company also expect to participate in either as a non-operator or possible as an operator in 1 to 2 other Woodford wells in the balance of the year, probably at less than 50% operating ownership and 1 of them probably less than 10%.

PostRock Energy Corporation, Q2 2014 Earnings Call, Aug 07, 2014

PostRock Energy Corporation, Q2 2014 Earnings Call, Aug 07, 2014

PostRock Energy Corporation Enters into Joint Venture with Silver Creek Oil & Gas, LLC

PostRock Energy Corporation announced that it has entered into a joint venture with Silver Creek Oil & Gas, LLC covering approximately 17,900 gross acres in Cleveland and Pottawatomie Counties in central Oklahoma. The JV, which will facilitate drilling of the initial Woodford horizontal tests in the area, includes a portion of the leasehold PostRock acquired in late 2013. The first two horizontal wells, both targeting the Woodford Shale, should be drilled and completed by year-end. The JV includes an acre for acre swap between PostRock and Silver Creek of approximately 3,800 total net acres in 28 sections. The ownership split in the development area will be 30% PostRock and 70% Silver Creek, with Silver Creek serving as the operator. The trade broadens the company's leasehold interest to an additional 16 sections. The covered acreage may increase through acquisition after poolings are completed. In connection with the JV, PostRock is selling approximately 1,150 net acres to Silver Creek for $466,000 in cash.

 

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