On Thursday, Shares of Energy XXI Ltd (NASDAQ:EXXI), lost -5.66% to $2.00.
Energy XXI, declared it has closed on the sale of the East Bay Field for $21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed 5 years from the closing date, and Energy XXI will also retain 50 percent of the deep rights associated with the East Bay Field.
The East Bay Field produced about 2,050 barrels of oil per day (Bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay Field estimated at about 9.4 million barrels of oil equivalent, 94 percent liquids, as of June 30, 2015. The buyer will assume plugging and abandonment liability.
Energy XXI (Bermuda) Limited is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico.
Shares of Rackspace Hosting, Inc. (NYSE:RAX), declined -1.35% to $36.62, during its last trading session.
Rackspace Hosting, will declare its second quarter 2015 financial results on Monday, August 10, 2015 starting at 4:30 p.m. ET, 3:30 p.m. CT, 1:30 p.m. PT.
Taylor Rhodes, president and chief executive officer, and Karl Pichler, chief financial officer, will host the call.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide.
At the end of Thursday’s trade, Shares of United Technologies Corporation (NYSE:UTX), gained 0.01% to $111.25.
Pratt & Whitney held a ceremonial groundbreaking here recently for its new state-of-the-art 425,000-square-foot building that will serve as the company’s global headquarters and world-class engineering facility. Construction work, which is supported in part by the 2014 Connecticut Aerospace Reinvestment Act, will start later this year and is planned to be accomplished in late 2017. Pratt & Whitney is a United Technologies Corp. (UTX) company.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Finally, Southern Co (NYSE:SO), ended its last trade with 1.41% gain, and closed at $43.98.
Georgia Power has declared a major milestone in the development of a new 30 megawatt (MW) AC solar generation facility at Naval Submarine Base (SUBASE) Kings Bay in St. Marys, Ga. The company executed a real estate outgrant with the Department of the Navy (DON) which authorizes the company to use land on the base for the solar project. The agreement marks the start of a new partnership between DON and Georgia Power where the company will develop renewable energy that will further diversify the company’s energy portfolio and enhance DON’s energy security.
“Our innovative solar partnerships with the state’s military bases, counting SUBASE Kings Bay, are growing solar in Georgia, strengthening Georgia military bases, and stimulating investment in Georgia communities,” said Norrie McKenzie, vice president of Renewable Development for Georgia Power. “Our latest project with the DON will add even more cost-effective solar energy to our state and further execute on our strategy of identifying opportunities for renewable growth to benefit our customers and partners.”
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
