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Article: Dune Energy Reports Third Quarter 2009 Financial Results.
- Article from:
- PR Newswire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Dune Energy, Inc. (NYSE Amex: DNE) today announced results for the third quarter of 2009.
Revenue and Production
Revenue for the third quarter totaled $15.2 million as compared with $36.3 million for the third quarter of 2008. Production volumes in the third quarter were 170 Mbbls of oil and 1.1 Bcf of natural gas, or 2.1 Bcfe. This compares with 177 Mbbls of oil and 1.4 Bcf of natural gas, or 2.5 Bcfe for the third quarter of 2008. In the third quarter of 2009, the average sales price per barrel of oil was $66.59 and $3.49 per Mcf for natural gas, as compared with $123.81 per barrel and $10.29 per Mcf, for ...