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News Breaks
August 15, 2014
14:32 EDTSFY, CWEI, PAA, SM, SN, MTDR, PVAPemex CEO sees beginning to import U.S. light crude, Reuters says
Emilio Lozoya, the CEO of Pemex, Mexico's state-owned oil company, said the company was "in negotiations with the United States government and of course U.S. companies," about importing light crude from the United States in the next few months, though he declined to name specific companies or likely volumes to be imported, reported Reuters. Companies with Eagle Ford holdings include Sanchez Energy (SN), Clayton Williams (CWEI), Penn Virginia (PVA), SM Energy (SM), Swift Energy (SFY), Matador Resources (MTDR), and Plains All American (PAA). Reference Link
News For SN;CWEI;PVA;SM;SFY;MTDR;PAA From The Last 14 Days
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November 19, 2014
14:28 EDTSFYSundance in talks with Swift Energy to buy land, Financial Review says
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November 18, 2014
10:05 EDTMTDRMatador management to meet with Stephens
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November 13, 2014
19:04 EDTPAARose Rock-operated White Cliffs Pipeline expands capacity
White Cliffs Pipeline, owned by subsidiaries of Rose Rock (RRMS), Plains All American Pipeline,(PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150K barrels/day to a maximum of approximately 215K barrels/day. The Expansion Project is expected to be complete by the end of 3Q15. Following completion, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.
November 12, 2014
11:03 EDTCWEIClayton Williams announces strategic farmout agreement with Caza Oil
Clayton Williams Energy announced that it had entered into a farmout and exploration agreement with Caza Oil and Gas covering a portion of the Company’s 71,000 net acre resource play in Reeves County, Texas. All of the approximate 15,000 net undeveloped acres covered by this agreement are located along the western flank of the Company’s acreage block. The Company has drilled no horizontal Wolfcamp wells within the farmout area. Under the terms of the agreement, Caza will pay 75% of the costs of the initial horizontal Wolfcamp well to earn 50% of the acreage associated with that well. After the initial well, Caza will pay 100% of the costs of all other Carried Wells to earn 75% of the associated acreage. The Company will pay its 25% of the cost to drill and complete all density wells drilled on previously earned acreage. In addition to the initial well, Caza is obligated to drill and complete two additional horizontal Wolfcamp wells in the farmout area by December 31, 2015. Caza is subject to a penalty of $1.6M per well for any obligation well not drilled. Caza must also drill a minimum of two carried wells per year in order to continue participation in the agreement beyond December 31, 2015.
November 11, 2014
07:44 EDTSNSanchez Energy price target lowered to $41 from $45 at Stephens
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06:04 EDTSFYSwift Energy to restate FY13, FY14 results
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