|March 20, 2014|
|08:02 EDT||FCX||Freeport McMoRan Oil & Gas wins 20 tracts in Gulf of Mexico lease sale|
Freeport-McMoRan announced that its oil & gas segment, Freeport-McMoRan Oil & Gas was the apparent high bidder on 20 tracts in the Central Gulf of Mexico Oil and Gas Lease Sale 231 with a total investment of approximately $330M net to FM O&G. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management and these potential investments were included in the company’s previously reported FY14 capital budget. FM O&G winning bids were primarily focused on high-impact, drillable targets in the Mississippi Canyon and Atwater Valley areas to complement FM O&G’s existing infrastructure and production facilities and add several new exploration plays. The blocks, which cover approximately 106K gross acres, range in water depths up to 6K feet. The company expects to be notified and designated operator of these blocks by 3Q14.
News For FCX From The Last 14 Days
|July 1, 2015|
|11:31 EDT||FCX||Stocks with call strike movement; FCX TWTR|
Freeport McMoRan (FCX) September 21 call option implied volatility increased 2% to 38, Twitter (TWTR) July 40.50 call option implied volatility increased 3% to 54 according to IVolatility.
|June 25, 2015|
|11:10 EDT||FCX||Stocks with call strike movement; MU FCX|
Micron (MU) October 28 call option implied volatility increased 3% to 35, Freeport McMoRan (FCX) November 23 call option implied volatility increased 5% to 36 according to IVolatility.
|June 24, 2015|
|17:06 EDT||FCX||Freeport McMoRan declares 11.05c special dividend |
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|16:00 EDT||FCX||Actionable Options for Wednesday, June, 24|
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
|June 23, 2015|
|17:05 EDT||FCX||Freeport-McMoRan Oil & Gas files IPO of $100M of Class A common stock|
This is the initial public offering of the Class A common stock of Freeport-McMoRan Oil & Gas. The company is offering $100M of Class A common stock. No public market currently exists for its Class A common stock. The company intends to apply to list its Class A common stock on the New York Stock Exchange under the symbol "FMOG." Freeport McMoRan (FCX) currently owns 100% of Freeport-McMoRan Oil & Gas Class A and Class B common stock.