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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:08 EDTAPA, EXXIEnergy XXI announces JV with Apache
The company has entered into an agreement with Apache Corp. (APA) to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25% working interest in 21 non-producing primary-term leases with Apache. A new wide azimuth seismic program is underway to define the potential of the AMI, covering approximately 633,000 acres. "This joint venture exemplifies our interest in exploring salt structures where new seismic data, remapping and remodeling could uncover significant hidden hydrocarbons," Energy XXI Chairman and CEO John Schiller said. "Our Pendragon exploration well, being drilled in the Vermilion area, is a similar analog. We are very excited about the potential of this new joint venture with Apache, a world-class operator with extensive expertise in the Gulf of Mexico."
News For EXXI;APA From The Last 14 Days
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January 23, 2015
10:15 EDTAPAApache calls active on renewed takeover chatter
Apache January weekly 66 and 67 calls are active on total call volume of 2,500 contracts (200 puts) on renewed takeover chatter. January weekly call option implied volatility is at 39, February is at 38, April is at 33; compared to its 26-week average of 30 according to Track Data. Active call volume suggests traders taking positions for price movement.
10:09 EDTAPARumor: Apache moves up on renewed takeover chatter
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January 22, 2015
16:14 EDTAPAApache appoints Stephen Riney as CFO
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January 20, 2015
08:06 EDTAPAApache Chairman and CEO Farris to retire, Christmann to succeed as CEO
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