American Standard Energy Corp. (ASEN) Reports Major Revenue and Acreage Expansion for First Quarter
American Standard Energy, an independent oil and natural gas exploration and development company with producing properties in Texas and North Dakota, has announced major revenue growth for the first quarter of 2011. The company reported first quarter oil and gas revenues of $2,388,493. The figure represents a 209% increase over revenues for the fourth quarter of 2010, and a 1,169% increase over the $188,122 revenue reported for the first quarter of 2010, before the impact of subsequent acquisitions. The increase was due to a growth in well production, and was accompanied by major expansions in acreage and money raised through…