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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:13 EDTEQT, MWE, MHRMarkWest Energy begins operations of Mobley facility in West Virginia
MarkWest Energy (MWE) commenced operations of the first Mobley processing facility located in Wetzel County, West Virginia. The 200 MMcf/d plant supports the development of rich-gas from the Marcellus Shale by EQT (EQT), Magnum Hunter (MHR) and other producers. The Mobley facility is currently operating at approximately 60% utilization and will continue to experience accelerated volume growth. MarkWest expects to complete construction of its second Mobley facility, a 120 MMcf/d plant, during Q1 2013, and by Q4 2013 bring online a third facility with 200 MMcf/d of processing capacity, bringing the Mobley complex's processing capacity to 520 MMcf/d.
News For MWE;EQT;MHR From The Last 14 Days
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February 4, 2016
06:37 EDTEQTEQT Corporation reports 2015 proved reserves of 10.0 Tcfe
EQT Corporation reported year-end 2015 proved developed reserves of 6.3 Tcfe, which was 30% higher than 2014; and total proved reserves of 10.0 Tcfe, a 0.7 Tcfe decrease from the previous year. In 2015, the increase in proved developed reserves was related to the completion of 245 wells and the addition of 386 Bcfe of positive revisions, which was primarily due to improved performance from producing wells. The company's 2015 proved undeveloped reserves totaled 3.7 Tcfe, a 2.2 Tcfe decrease from the previous year. This decrease resulted from converting 1.5 Tcfe of PUD reserves to prove developed reserves during 2015, as well as the company's decision to slow the pace of its five-year development plan from 144 wells per year to 74 wells per year, in response to lower commodity prices. For 2015, drilling capital totaled $1.7 billion and reserve extensions, discoveries, and other additions totaled 2.1 Tcfe, which resulted in a drill bit finding cost of $0.81 per Mcfe. The expected ultimate recovery of proved Marcellus wells averaged 9.3 Bcfe, with an average lateral length of 5,130 feet; compared to the 2014 EUR of 7.9 Bcfe, with an average lateral length of 4,435 feet.
06:33 EDTEQTEQT Corporation backs FY16 CapEx $1B
EQT previously announced its 2016 capital expenditure budget of $1B, which includes $820M for well development; and excludes business development, land acquisitions, and EQT Midstream capital associated with planned asset dropdowns in the first half of 2016, as well as capital investment at EQT Midstream Partners, LP. The company plans to drill 72 Marcellus wells - all of which will be on multi-well pads to maximize operational efficiency and well economics. The Company also plans to drill five deep Utica wells and, based on results, may drill up to an additional five Utica wells.
06:32 EDTEQTEQT Corporation reports Q4 Midstream operating income $122.4M
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06:31 EDTEQTEQT Corporation backs FY16 production sales volume of 700-720 Bcfe
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06:31 EDTEQTEQT Corporation reports Q4 production sales volume totaled 154.5 Bcfe
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06:31 EDTEQTEQT Corporation reports production sales volume of 603.1 Bcfe for 2015
EQT Production achieved record production sales volume of 603.1 Bcfe for 2015, representing a 27% increase over 2014. Approximately 84% of total production sales volume was from horizontally drilled Marcellus wells. EQT Production's adjusted operating income, a non-GAAP financial measure, totaled $74.2 million in 2015, compared to $688.5 million in 2014.
06:30 EDTEQTEQT Corporation reports Q4 adjusted EPS (6c), consensus (15c)
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February 2, 2016
09:12 EDTEQTEQT Corporation coverage assumed with a Buy at SunTrust
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