On Thursday, Shares of Ford Motor Co. (NYSE:F), lost -2.30% to $14.43.
One of the most iconic performance Mustang nameplates of all time the all-new Shelby® GT350R roared off the line recently at Ford’s Flat Rock Assembly Plant. The new GT350R Mustang is the most athletic Mustang ever, designed to tackle the world’s most challenging roads and race tracks while creating an exhilarating experience for the driver.
“This is a special day for all Mustang enthusiasts,” said Bill Ford, executive chairman, Ford Motor Company. “We have taken the GT350 formula to the next level of innovation, style and performance. Today the legend continues.”
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of WPX Energy, Inc. (NYSE:WPX), declined -4.66% to $7.36, during its last trading session.
WPX Energy declared that it has successfully closed the purchase of privately held RKI Exploration & Production, LLC.
With the merger complete, WPX now has a substantial presence in the core of the Permian’s Delaware Basin that comprises:
- About 22,000 boe/d of existing production – more than half of which is oil;
- About 92,000 net acres – about 98 percent of which is held by production;
- More than 3,600 gross risked drilling locations across stacked pay intervals; and
- More than 375 miles of scalable gas gathering and water infrastructure.
The Permian Basin is characterized by numerous stacked pay reservoirs, extensive production history, long-lived reserves and high drilling success rates. The 92,000 net acres represent more than 670,000 prospective net effective acres of stacked pay.
The newly attained Permian assets have existing production from 10 of 12 prospective benches in a 9,000 foot hydrocarbon-charged stratigraphic column that comprises the Wolfcamp, Bone Spring, Avalon and Delaware Sands intervals.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Finally, Solera Holdings Inc. (NYSE:SLH), ended its last trade with -3.72% loss, and closed at $46.84.
Solera Holdings declared that it is exploring a variety of planned alternatives. The Company further stated that as part of the process, the Board of Directors has formed a special committee, which has retained Centerview Partners LLC as its financial advisor and Sullivan & Cromwell as its legal advisor. The Company has retained Rothschild, Inc. as its financial advisor.
There can be no assurance that the exploration of planned alternatives will result in a transaction. The Company does not expect to make further public comment regarding these matters while its exploration process continues.
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households.
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