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Emerald Oil Inc

Emerald Oil, Inc. is a publicly traded company listed on the Nasdaq stock exchange under the ticker symbol EOX. The company is an independent exploration and production company that focuses on acquiring, exploring, developing, and producing oil and natural gas properties in the United States.

Emerald Oil was founded in 2012 and has since grown rapidly through a series of acquisitions and drilling programs. The company's operations are primarily focused in the Bakken and Three Forks formations in North Dakota and Montana, with additional assets in the Permian Basin of New Mexico and Texas.

As of 2022, Emerald Oil has estimated proved reserves of approximately 130 million barrels of oil equivalent (MMBoe) and an estimated 2022 production rate of approximately 17,000 barrels of oil equivalent per day (Boepd). The company is headquartered in Denver, Colorado, and has a team of experienced oil and gas professionals with a proven track record of successful exploration and production operations.

Emerald Oil reported a net loss of $13.3 million in its third quarter 2022 results, compared to a net loss of $4.2 million in the same period in 2021. As of November 2022, the company had a market capitalization of approximately $580 million.

Emerald Oil Inc. has been subject to volatility in its stock price due to fluctuations in the price of oil and other market factors. On May 27th, 22, the company's stock price plummeted by 22% after it announced an offering of 10 million shares of its common stock.

In recent news, Emerald Oil announced the appointment of Patrick Hickey as its new President and Chief Executive Officer, effective February 27th, 23. Hickey has over 30 years of experience in the oil and gas industry, most recently serving as the President and CEO of HighPoint Resources.