NEW YORK, July 14, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (NASDAQ:WRES) today announced that it has commenced a search for a Chief Executive Officer. The Company has retained executive search firm Egon Zehnder to assist with the selection process. In making the announcement, Warren's Interim Chairman Dominick D'Alleva, said, "Under the [...]
Achieved second quarter production at the upper end of guidance Commences completion operations for two Upper Marcellus wells On target to achieve annual LOE and G&A of approximately $8 million Reduced well costs below 2015 plan levels NEW YORK, July 13, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (NASDAQ:WRES) today provided an update on the [...]
NEW YORK, June 22, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) today announced that it has commenced a registered exchange offer to exchange up to $230,410,000 of its outstanding 9.00% Senior Notes due 2022, which were previously issued in a private placement (the "Private Notes"), for an aggregate principal amount of up to [...]
NEW YORK, June 19, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) today announced that it will present at the Global Hunter Securities 100 Energy Conference at the JW Marriott in Chicago, Illinois on Tuesday, June 23, 2015 at 8:30 a.m. (CDT). Senior management including interim Chief Executive Officer Lance Peterson and Vice President [...]
$47MM sale of non-core Wyoming CBM assets Continued focus on de-levering and creating liquidity NEW YORK, June 16, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) today announced the execution of agreements to divest its Atlantic Rim CBM assets to Escalera Resources, Co. (Nasdaq:ESCR). Under the terms of the transaction agreements [...]
$250 million First Lien term loan, with $202.5 million of new funds Exchange of $69.6 million of unsecured high yield notes for $47.2 million of first lien debt NEW YORK, May 26, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) today announced the closing of a $250 million strategic refinancing with funds sponsored by Franklin Square [...]
NEW YORK, May 7, 2015 (GLOBE NEWSWIRE) -- The earnings release issued by Warren Resources Inc. (Nasdaq:WRES) earlier today contained an error in the annual gas production forecast. The corrected release reads: Warren Resources Announces First Quarter 2015 Financial and Operating Results Successful drilling of two Upper Marcellus wells under [...]
Successful drilling of two Upper Marcellus wells under budget. Reduced lease operating expenses per Mcfe by 43%. Increased production by 129% to 7.5 Bcfe. Right sized capital spending program to fund within cash flow. NEW YORK, May 7, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq: WRES) today reported its first quarter 2015 financial and [...]
NEW YORK, April 24, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) will report first quarter 2015 financial results on Thursday, May 7, 2015 by issuing a press release before the market opens and conducting a conference call on that date at 11:00 a.m. Eastern Time. The full text of the release will be available at warrenresources.com [...]
NEW YORK, April 14, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) announced today that senior management will participate in the 21st Annual Oil & Gas Investment Symposium, hosted by the Independent Petroleum Association of America in New York, NY. The Company will present on Tuesday, April 21, 2015, at 9:10 am ET. About Warren [...]
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 [...]
Total Proved reserves increased 111% year-over-year Natural gas represents 76% of year-end 2014 proved reserves Total PV-10 of approximately $609 million NEW YORK, March 3, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. ("Warren" or the "Company") (Nasdaq:WRES) today announced its year-end 2014 estimated proved oil and gas reserves. Warren's [...]
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