Osage Exploration and Development, Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company's total revenues were $2,637,415 compared with $1,211,872 a year ago. Adjusted EBITDA was up 145% year-over-year from $564,541 during the first quarter of 2013 to $1,381,652 during the same period in 2014. Net loss from continuing operations was $935,127 compared with $851,083 a year ago.

For the quarter, the company reported production of 37,063 barrels of oil equivalent, 123% higher than the period ended March 31, 2013. Osage's oil production during the quarter, net of royalties, was 22,330 BBLs, an increase of 10,170 BBLs, or 83.6%, over the three months ended March 31, 2013. The company's natural gas production was 77,627,000 cubic feet for the quarter, 192.2% over the same period in 2013.