Evergreen posts record income; hopes to begin Alaska production by year-end

Petroleum News Staff

Coalbed methane producer Evergreen Resources, which has decided to move slowly at its Pioneer Unit in the Matanuska-Susitna Valley, posted record first-quarter net income of $16.9 million or $0.86 per share, largely on the strength of commodity prices. That compared to just $2.4 million earned in th....