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News Breaks
November 27, 2012
19:13 EDTGPOR, MWEGulfport Energy reports Utica Shale results
Gulfport's Shugert 1-12H well in the Utica Shale was tested following the conclusion of its 60-day resting period. The well was flow tested over 48 hours, reaching an average sustained 18 hour rate of 28.5 MMCF per day of natural gas and 300 barrels of condensate per day. Subsequent to the test, the 12 hour wellhead shut in casing pressure was 5,250 psi. Based upon composition analysis, the gas being produced is 1204 BTU rich gas. Assuming full ethane recovery, the composition above is expected to produce an additional 102 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 10%. In ethane rejection mode, the composition is expected to yield 41 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 2%. Gulfport currently anticipates it will begin flowing the Shugert 1-12 H into a sales pipeline by the end of January.
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July 24, 2014
16:51 EDTMWEMarkWest Energy increases quarterly dividend by 4.8% to 88c
MarkWest Energy Partners announced that the board of the General Partner of MarkWest Energy Partners declared a cash distribution of 88c per common unit for Q2, for an implied annual rate of $3.52 per common unit. The Q2 distribution represents an increase of 4c per common unit, or 4.8%, compared to 2Q13. The Q2 distribution is payable August 14 to unitholders of record on August 5. The ex-dividend date is August 1.
July 23, 2014
09:06 EDTMWEMarkWest Energy downgraded to Accumulate from Speculative Buy at Global Hunter
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July 17, 2014
08:08 EDTGPORGulfport Energy initiated with a Market Perform at FBR Capital
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July 16, 2014
17:36 EDTGPORGulfport Energy initiated with a Buy at Canaccord
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