Stock Market & Financial Investment News

News Breaks September 20, 2012 08:33 EDT XOM, DNR Exxon Mobil to increase production and acreage in Bakken oil shale region Exxon Mobil (XOM) announced an agreement that will significantly increase its production acreage in the prolific Bakken oil shale region in the U.S. states of North Dakota and Montana. ExxonMobil and its subsidiary, XTO Energy, signed an exchange agreement with Denbury Onshore, LLC, a subsidiary of Denbury Resources (DNR) to acquire 100%of Denbury’s Bakken shale assets, which consist of approximately 196,000 net acres in North Dakota and Montana, with expected production in the second half of 2012 of more than 15,000 oil equivalent barrels per day. The agreement increases ExxonMobil’s holdings in the Bakken region by about 50 percent to nearly 600,000 acres, giving the company a significant presence in one of the major U.S. growth areas for onshore oil production. In exchange for its Bakken shale assets, Denbury will receive $1.6B in cash and acquire ExxonMobil’s interests in the Hartzog Draw field in Wyoming and Webster field in Texas, which currently produce about 3,600 net oil equivalent barrels per day of natural gas and liquids. The Bakken shale acreage will be operated by ExxonMobil subsidiary XTO Energy. News For XOM;DNR From The Last 14 Days Check below for free stories on XOM;DNR the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 24, 2013 15:13 EDT XOM InterOil negotiations with Exxon Mobil validates the company, says Westlake Westlake Securities said InterOil's (IOC) exclusive negotiations with Exxon Mobil (XOM) is a major validation of the company and its Elk/Antelope resource. The analyst raised its price target to $130 from $115 as risk of a deal not being reached has been removed. Shares are Buy rated. 09:25 EDT XOM On The Fly: Pre-market Movers Subscribe for More Information 08:32 EDT XOM InterOil Corporation volatility low into talks with Exxon over PNG assets Subscribe for More Information 08:12 EDT XOM InterOil confirms exclusive talks with ExxonMobil Papua New Guinea InterOil (IOC) and its joint venture partner, Pacific LNG Group, said they have entered into exclusive negotiations with ExxonMobil Papua New Guinea, a subsidiary of ExxonMobil (XOM), on the development of Petroleum Retention License 15, which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the government of PNG and any future agreement will be subject to their final approval, the company added. Items under consideration include: InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.'s Konebada site; InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource; InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd. 06:59 EDT XOM Exxon Mobil in exclusive talks with Interoil for natural gas assets, WSJ says Exxon Mobil (XOM) is in exclusive talks with InterOil (IOC) to invest in Interoil's natural gas assets in Papau New Guinea, reports the Wall Street Journal. In a statement confirming the talks, Interoil said it is discussing whether gas from the Elk and Antelope fields would support an expansion of the PNG LNG project or a new gas-export facility. Reference Link May 23, 2013 07:28 EDT DNR UBS to host a conference Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 23 at 9:05 am; not all company presentations may be webcasted. Webcast Link 06:17 EDT XOM Papua New Guinea’s Oil Search a takeover target, Bloomberg reports Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link May 20, 2013 08:08 EDT XOM EU to review fracking concerns, Reuters reports Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link 07:37 EDT DNR Barclays to host a conference High Yield and Syndicated Loan Conference is being held in Chicago on May 20-22. 05:40 EDT XOM U.S. oil futures rally as many commodities decline, WSJ reports Subscribe for More Information May 16, 2013 08:01 EDT XOM FMC Technologies receives subsea equpiment order from ExxonMobil Subscribe for More Information May 15, 2013 08:38 EDT XOM WTI crude falls for a fith consecutive day, Bloomberg reports Subscribe for More Information 07:20 EDT XOM InterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link May 14, 2013 11:39 EDT DNR High option volume stocks: IVZ BGCP SCTY DNR AEGR Subscribe for More Information 07:10 EDT XOM IEA says North American oil will dominate world supply growth, WSJ reports Subscribe for More Information May 13, 2013 13:07 EDT DNR Denbury Resources September calls active Subscribe for More Information 10:58 EDT DNR High option volume stocks: PRGO OMEX SCTY OPTR DNR Subscribe for More Information 07:23 EDT DNR Susquehanna to host a conference Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.