Arabella Exploration, Inc. announced unaudited consolidated earnings and operations results for the first quarter ended March 31, 2014. For the period, the company reported total revenue of $2,022,024 compared to $70,719 a year ago. Net income before taxes was $330,788 compared to $11,361 a year ago. Net income was $218,320 or $0.03 per diluted share compared to $11,361 or nil per diluted share a year ago. Net cash used in operating activities was $831,131 compared to net cash provided by operating activities of $252,176 a year ago. Additions to property and equipment were $252,425. Additions to oil and gas properties were $2,918,128 compared to $251,627 a year ago. The decrease in operating cash flows is largely a result of the loss from operations in the 2014 period, excluding the $1,236,200 in gains related to sale of undeveloped oil and gas properties in the three months ended March 31, 2014.

For the period, the company produced oil of 7,813.1 Bbls compared to 791.9 Bbls a year ago. Natural gas was 6,997.8 Mcf compared to 1,050.5 Mcf a year ago. Combined volumes was 8,979.4 BOE compared to 967.0 BOE a year ago. Daily combined volumes was 99.8 BOE/d compared to 10.7 BOE/d a year ago.