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Stock Market & Financial Investment News

News Breaks
March 15, 2013
09:01 EDTROSE, CRKComstock Resources announces sale of West Texas properties to Rosetta Resources
Comstock Resources (CRK) announced that it has entered into a definitive agreement with Rosetta Resources (ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768M, subject to customary purchase price adjustments and closing conditions. The sale will have an effective date of January 1 and is expected to close on or about May 15. The company intends to use the proceeds from the sale to reduce its outstanding debt and to fund an increase to its 2013 drilling program in the Eagle Ford shale.
News For CRK;ROSE From The Last 14 Days
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December 18, 2014
09:17 EDTCRKComstock Resources reports 2015 exploration budget of $307M and production view
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December 17, 2014
05:11 EDTROSERosetta Resources sees FY15 production 76-82 MBoe/d
Rosetta expects FY15 production to range from 7682 thousand barrels of oil equivalent per day, or MBoe/d. The average oil ratio is expected to be approximately 27%. As part of Rosetta's ongoing risk management, the company recently placed additional hedges for its 2015 forecasted crude oil production. The company added roughly 7,000 barrels of oil per day in the form of costless collars with an average Louisiana Light Sweet, or LLS, floor price of $55 per barrel and an average ceiling of approximately $85 per barrel. Rosetta expects direct lease operating expense, or LOE, unit costs to average from $2.95$3.20 per Boe in 2015. Total LOE, including direct LOE, workover expenses and insurance are anticipated to approximately range from $4.50$4.85 per Boe in 2015.
05:11 EDTROSERosetta Resources sees FY15 capital spending $700M-$800M
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December 10, 2014
08:01 EDTCRKCapital One to hold a conference
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