On Thursday, Shares of Exxon Mobil Corporation (NYSE:XOM), gained 1.19% to $78.09.
Exxon Mobil Corporation declared it has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin.
The two agreements comprise an acquisition and farm-in adjoining XTO’s existing acreage position in Martin and Midland Counties, providing rights to all intervals within the basin. The acreage will be operated by ExxonMobil’s partner XTO Energy Inc.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Shares of Approach Resources Inc. (NASDAQ:AREX), declined -23.72% to $2.38, during its last trading session.
Approach Resources stated results for second quarter 2015. Highlights for second quarter 2015 comprise:
- Record quarterly production of 1,391 MBoe, or 15.3 MBoe/d, an 8% enhance over the preceding-year quarter and an 8% enhance over first quarter 2015
- EBITDAX was $32.6 million, or $0.80 per diluted share
- Revenues totaled $38.6 million. Counting realized hedge gains, revenues were $47.9 million
- Per-unit lease operating expense reduced 20% from the preceding year-year quarter, and 10% from first quarter 2015, to $4.97 per Boe
- Per-unit cash operating expenses reduced 26% from the preceding-year quarter, and 11% from first quarter 2015, to $11.02 per Boe
- Adjusted net loss was $2.8 million, or $0.07 per diluted share
- Average IP for wells accomplished since last update was 869 Boe/d (58% oil and 81% liquids)
Approach Resources Inc., an independent energy company, focuses on the exploration, development, production, and acquisition of unconventional oil and gas reserves in the United States.
Finally, Lexington Realty Trust (NYSE:LXP), ended its last trade with 0.58% gain, and closed at $8.71.
Lexington Realty Trust, declared results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Generated Company Funds From Operations (“Company FFO”) of $67.0 million, or $0.27 per diluted common share.
- Invested $28.2 million in on-going build-to-suit projects and commenced funding an industrial build-to-suit project for $70.0 million.
- Accomplished an industrial build-to-suit property for $10.1 million.
- Disposed of two office buildings for gross disposition proceeds of $77.1 million.
- Stepped down $30.1 million of secured debt.
- Accomplished 1.3 million square feet of new leases and lease extensions with overall portfolio 96.3% leased.
- Raised renewal rents by 1.3% on a cash basis and 6.6% on a GAAP basis.
- Declared a 10.0 million common share repurchase authorization subsequent to quarter end.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.
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