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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:35 EDTAR, MHR, GPORAntero Utica wells look 'by far the best overall,' says RBC Capital
After the Ohio Department of Natural Resources released data on 91 net Utica wells that came online in Q1, RBC says Antero Resources' (AR) Utica wells looked to be "by far the best overall." The firm says Antero had five of the top 10 overall producers on a Boepd basis, and nine of the top 10 wells in terms of oil production alone. RBC views Gulfport Energy's (GPOR) wells as solid and notes Magnum Hunter (MHR) had the best well in the sample with a rate of 3,848 Boepd over eight days.
News For AR;GPOR;MHR From The Last 14 Days
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July 30, 2014
08:08 EDTGPORGulfport Energy announces firm transportation agreement with Rockies Express
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08:07 EDTGPORGulfport Energy, Rice Energy in LOI for gas gathering pipelines
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08:05 EDTGPORGulfport Energy reports Q2 production 26,725 BOEPD
Gulfport produced oil and natural gas sales volumes of 2,431,955 barrels of oil equivalent, or 26,725 barrels of oil equivalent per day, in line with the company's previously estimated guidance of approximately 27,100 BOEPD. For Q2, net production was 709,484 barrels of oil, 8,972,137 thousand cubic feet of natural gas and 9,538,843 gallons of natural gas liquids. Before the impact of derivatives, realized prices for Q2 were $99.40 per barrel of oil, $4.43 per MCF of natural gas and $1.14 per gallon of NGL, for a total equivalent of $49.81 per BOE. Gulfport's Q2 natural gas realized price before the impact of derivatives of $4.43 per Mcf represents a price realization of approximately 95% of the NYMEX settlement prices for the second quarter.
July 29, 2014
08:20 EDTMHRMagnum Hunter to host investor day with a conference call hookup
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July 25, 2014
07:04 EDTMHRMagnum Hunter acquires Ormet Mineral Interest in OH, WV for $22.7M
Magnum Hunter announced that it closed on the purchase of approximately 1,700 net mineral acres located in Monroe County, Ohio and Wetzel County, West Virginia for approximately $22.7M from the Ormet Corporation, et al. This acquisition will increase the company's net revenue interest on its existing 875 acre oil and gas lease located on the related acreage from approximately 86% to nearly 100% in the Marcellus Shale formation only. Under the same agreement, the company has also acquired an approximate 100% net revenue interest in the balance of the mineral rights to this acreage which will also include the Utica Shale formation. The company has previously drilled three Marcellus Shale wells on the existing oil and gas lease which have been producing rich natural gas and condensate since May 6. This mineral interest acquisition adds to the company's large drilling inventory of potential Marcellus and Utica Shale wells in these two counties of West Virginia and Ohio. The company is already drilling the vertical section of the first dry gas Utica Shale well on the Ormet 15 Pad. This well is expected to have an approximate lateral length of 4,800 feet with an anticipated 20+ stages of fracture stimulation treatment. The current development plan includes a total of 4 gross Utica Shale wells to be drilled, completed, and producing on this property by year-end 2014. The Eureka Hunter gas gathering system is already constructed and available for throughput once these wells are completed.

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