Athlon reports record Q1 production, to raise funds for potential acquisitions

Athlon Energy (ATHL) announces offerings for 11M shares of common stock and $500M in senior notes to fund potential and pending acquisitions and for general corporate purposes.

Separately, ATHL says Q1 production reached a record quarterly high of nearly 17K boe/day, up 71% Y/Y, above the high end of its earlier guidance range; approves an increased 2014 capital budget for drilling expenditures of $700M.

Shares -1.2% AH.

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  • Steve Zachritz
    , contributor
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    16 Apr 2014, 09:53 AM Reply Like
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