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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:43 EDTRRMS, CHKRose Rock closes transaction to acquire assets from Chesapeake
Rose Rock Midstream (RRMS) announced that it has closed the transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake (CHK). The acquisition includes 124 trucks, 122 trailers and miscellaneous equipment operating in Texas, Oklahoma and Ohio, approximately 200 employees and term transportation agreement at market rates with Chesapeake Energy Marketing, a wholly owned subsidiary of Chesapeake. Following the close of the acquisition, Rose Rock now operates a fleet of more than 250 trucks with approximately 350 employees, servicing the Bakken, DJ / Niobrara, Eagle Ford, Granite Wash, Mississippi Lime, Permian, San Juan and Utica plays.
News For RRMS;CHK From The Last 14 Days
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October 1, 2014
12:18 EDTCHKChesapeake says capital efficiency is main driver for company looking forward
The company said it is focusing on financial discipline, adding thing it is time to grow without increasing its capital base. Chesapeake said it will continue to look aggressively at growing its position, but it can grow production and reserve position just by focusing on what they own today. Chesapeake said it is pleased with the progress it has made, but is nowhere it wants to be. Targets 2014 production growth of 9%-12%. Says capital efficiencies is coming in everything they do, including cycle times. Says liquidity remains strong, approach $4B. The company said its 2014 CapEx is $5.8B compared to $15B in 2012. Continues to anticipate year-end 2014 exit rate will exceed 730,000 boe per day. Comments taken from Deutsche Bank Annual Leveraged Finance Conference.
07:20 EDTCHKDeutsche Bank to hold a conference
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September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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