New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:05 EDTECA, DNR, XOM, PXD, COG, RRC, CHKChesapeake to let EPA test fracking drilling site, WSJ reports
Chesapeake Energy (CHK) agreed to let the EPA conduct extensive tests at one of its drilling sites as part of an investigation into the safety of hydraulic fracturing, or fracking, an administration official said, reports the Wall Street Journal. The testing will serve as a cornerstone of a yearslong EPA study to determine whether the process poses a risk to water supplies. Reference Link
News For CHK;RRC;PXD;DNR;COG;XOM;ECA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 27, 2015
09:09 EDTXOMExxon Mobil volatility elevated as shares trade near four-year low
Subscribe for More Information
August 25, 2015
13:24 EDTXOMJudge approves $225M settlement in Exxon Mobil pollution case, AP says
A Superior Court judge has approved a $225M settlement between the state of New Jersey and Exxon Mobil related to pollution at oil refineries and retail gas stations, saying the deal is less than the $8.9B originally sought by the state but still a "reasonable compromise," reports the Associated Press. Reference Link
06:03 EDTECAEncana agrees to sell Haynesville assets for $850M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville, LP and funds managed by GSO Capital Partners LP. Total cash consideration to Encana under the transaction is $850M. In addition, through the transfer of current and future obligations, Encana will reduce its gathering and midstream commitments, which will be substantially complete through 2020, by approximately $480M on an undiscounted basis. Further, Encana will transport and market GeoSouthern's Haynesville production on a fee for service basis for the next five years. Encana will use the total cash consideration to reduce its net debt, further strengthening its balance sheet. Consistent with its strategy, Encana remains focused on growing high margin production. Over 80% of 2015 capital will be invested in the company's four most strategic assets in the Permian, Eagle Ford, Duvernay and Montney. During the first half of 2015, Encana's Haynesville assets produced an average 217 mmcf/d, contributed approximately 9% to companywide production and less than 2.5% to Encana's first half operating cash flow, excluding hedges. The sale of Encana's Haynesville assets is subject to satisfaction of normal closing conditions, as well as regulatory approvals and post-closing adjustments, and is expected to close in Q4 with an effective date of January 1.
August 24, 2015
16:23 EDTCOGOn The Fly: Top stock stories for Monday
Subscribe for More Information
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
Subscribe for More Information
August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
Subscribe for More Information
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
Subscribe for More Information
August 20, 2015
06:10 EDTXOMAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:00 EDTCHK, XOMOptions Update; August 19, 2015
Subscribe for More Information
August 18, 2015
16:00 EDTCHKOptions Update; August 18, 2015
Subscribe for More Information
07:29 EDTDNREnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
August 17, 2015
08:11 EDTXOMExxon Mobil volatility flat as oil trades near six-year low
Subscribe for More Information
07:46 EDTRRC, COGEnerCom to hold a conference
Subscribe for More Information
August 14, 2015
07:03 EDTCHKCrude price slide has oil firms turning to private equity, Reuters reports
Another drop in crude oil prices has oil companies returning calls from potential buyers, Reuters reports. Oil firms may start relying on capital markets investors betting on a quick recovery in prices, the report says. "It didn't solve people's problems, so now when you roll to 2016 ...there will be an opportunity for private equity-backed companies with plenty of capital in place to go out and start buying," said Carl Tricolo, managing partner at private equity fund Denham Capital, in the report. Publicly traded companies in the space include Chesapeake Energy (CHK), American Electric Power Company (AEP), and Linn Energy (LINE). Reference Link
06:37 EDTXOMExxon Mobil eyes using old, damaged equipment at Torrance plant, LA Times says
Exxon Mobil has asked air quality officials to let it boost refining operations at its Torrance facility, the LA Times reports. The move comes as Los Angeles-area gas prices increased approximately 6c as a result of refinery woes, the report says. The company's plan includes using an old pollution-control system to temporarily replace one that was damaged in a February explosion, the report says. The equipment is expected to release pollutants at illegal levels, though the proposal includes steps to help reduce emissions, the report says. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use