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Stock Market & Financial Investment News

News Breaks
December 26, 2012
09:18 EDTWRESWarren Resources borrowing base increased to $140M after Fall redetermination
Warren Resources announced that the syndicate of lenders underwriting the company's $300M senior secured credit facility has increased the conforming borrowing base to $140M as a result of completing the Fall 2012 semi-annual redetermination. As of December 26, Warren has $99.5M of debt outstanding under its Credit Facility, leaving $40.5M available. The next borrowing base redetermination is scheduled for May 2013. The company is in full compliance with all of its debt covenants under the Credit Facility.
News For WRES From The Last 14 Days
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December 17, 2014
16:30 EDTWRESCitrus Energy liquidates stake in Warren Resources
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13:21 EDTWRESNew York to officially ban fracking, NY Times reports
New York Governor Andrew Cuomo announced his administration will block hydraulic fracturing, or fracking, for natural gas in the state when an existing five-year moratorium pushed by the state Department of Environmental Conservation ends next year, reported The New York Times. The Marcellus shale formation spans New York, parts of Pennsylvania, eastern Ohio, western Maryland, most of West Virginia and into extreme western Virginia. Companies with operations in the Marcellus shale include Warren Resources (WRES), Southwestern Energy (SWN) and Talisman Energy (TLM). Reference Link
December 10, 2014
07:16 EDTWRESWarren Resources backs 2014 production view
Warren Resources reaffirmed its prior production guidance for FY14 of 1.10MMBbls-1.12MMBbls of oil and 14.50Bcf 15.25Bcf of natural gas.
07:15 EDTWRESWarren Resources sees 2015 production up 96% to 42Bcfe and CapEx $80M
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December 5, 2014
07:34 EDTWRESWarren Resources CEO resigns, Lance Peterson appointed Interim CEO
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