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June 23, 2014
06:17 EDTRDS.A, SNRoyal Dutch Shellsells Eagle Ford assets to Sanchez Energy for $639M
Royal Dutch Shell (RDS.A) is selling its acreage in the Eagle Ford Shale to Sanchez Energy (SN) for about $639M, continuing the super-major's asset sales and portfolio repositioning. Shell bought that acreage a few years back for an estimated $1B. Last summer, the super-major took a $2.1Bwrite-down on the value of its Eagle Ford assets.
News For A;SN From The Last 14 Days
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October 12, 2015
08:06 EDTALabCorp to offer new PD-L1 test for Bristol-Myers' Opdivo
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05:17 EDTADasko announces FDA approval of Opdivo for patients with non-squamous NSCLC
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October 9, 2015
18:31 EDTAQuest Diagnostics introduces Dako's PD-L1 companion diagnostic for OPDIVO
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15:23 EDTADako announces FDA approval of new lung test for cancer patients
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October 6, 2015
07:23 EDTAAmerican Society of Human Genetics to hold annual meeting
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October 5, 2015
07:06 EDTSNSanchez Energy enters into midstream JV with Targa Resources Partners
Sanchez Energy (SN) announced that it has entered into joint venture agreements with Targa Resources Partners LP (NGLS) to construct a new cryogenic natural gas processing plant and associated high pressure gathering pipelines near Sanchez Energy's Catarina asset in the Eagle Ford Shale. The processing plant, which will be located in La Salle County, Texas, is expected to have initial capacity of 200M cubic feet per day, or MMcf/d, with the ability to increase to 260 MMcf/d. In connection with the joint venture agreements, Sanchez Energy intends to invest approximately $115M and receive a 50% ownership interest in the plant and the approximately 45 miles of high pressure gathering pipelines that will connect SN's existing Catarina gathering system to the plant. Targa will hold all of the transportation capacity on the pipeline, and the gathering joint venture will receive fees for transportation. The new midstream joint ventures are expected to provide significant operational and commercial benefits and improve yields, increase net-back prices, and lower the gathering and transportation fees SN currently pays for its Catarina production. Sanchez Energy has firm capacity for 125,000 Mcf/d of plant processing and associated pipeline capacity for the first five years and has dedicated the Catarina acreage and all production developed during the 15 year term. The company has the option to deliver additional volumes and commit additional acreage to the new plant as production increases. The natural gas processing plant and gathering pipelines will be designed, built and operated by Targa. The plant is expected to be operational by early 2017.
05:29 EDTADako announces FDA approval of new companion diagnostic assay
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October 2, 2015
15:57 EDTALabCorp to offer PD-L1 companion diagnostic
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15:43 EDTAQuest Diagnostics introduces Dako's PD-L1 companion diagnostic for KEYTRUDA
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15:25 EDTAAgilent's Dako confirms FDA approval of NSCLC diagnostic
Dako, an Agilent Technologies (A) company and a worldwide provider of cancer diagnostics, announced the FDA approval of a new companion diagnostic assay that can reveal whether a patient with advanced non-small cell lung cancer, or NSCLC, is likely to respond to a new form of treatment. The approval of PD-L1 IHC 22C3 pharmDx strengthens Dako's portfolio of companion diagnostics and the company's leadership position in developing and commercializing companion diagnostic products. Dako developed PD-L1 IHC 22C3 pharmDx in partnership with Merck (MRK), maker of the anti-PD-1 therapy Keytruda. The FDA approved PD-L1 IHC 22C3 pharmDx for use in the United States. Dako hopes to gain regulatory approval for the new diagnostic in Canada, Europe and other jurisdictions next year.
07:02 EDTSNSanchez Energy names Eduardo Sanchez president
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