On Thursday, in the course of current trade, Shares of Bill Barrett Corporation (NYSE:BBG), dropped -0.72%, and is now trading at $6.87.
Bill Barrett Corporation declared that it is providing an update on certain second quarter 2015-commodity price data.
For the second quarter of 2015, West Texas Intermediate (“WTI”) oil prices averaged $57.94 per barrel, Northwest Pipeline (“NWPL”) natural gas prices averaged $2.38 per MMBtu and NYMEX natural gas prices averaged $2.65 per MMBtu. The Company had derivative commodity swaps in place for the second quarter of 2015 for 11,300 barrels of oil per day tied to WTI pricing at $90.39 per barrel, 20,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.13 per MMBtu and no hedges in place for natural gas liquids (“NGLs”). Based on preliminary results, the Company anticipates to realize a cash commodity derivative gain of about $36.5 million in the second quarter due to positive derivative positions and estimates that it will record about $64.2 million in non-cash, unrealized commodity derivative loss. The Company anticipates its second quarter commodity price differentials to benchmark pricing before commodity derivative gains, related to delivery location and quality adjustments, to approximate: oil less $9.26 price per barrel as compared to WTI; and natural gas less $0.05 price per thousand cubic feet as compared to NWPL. NGL sales are predictable to average 22% of WTI price per barrel.
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
During an Afternoon trade, Shares of News Corp (NASDAQ:NWSA), dipped -0.48%, and is now trading at $14.54.
News Corp will release its full year Fiscal 2015 results on Wednesday, August 12. News Corp Chief Executive Robert Thomson and Chief Financial Officer Bedi A. Singh will host a call with analysts and media to talk about the results at 6:00 p.m. EDT (Sydney: Thursday, August 13, at 8:00 a.m. AEST).
News Corporation, a media and information services company, focuses on creating and distributing authoritative and engaging content to consumers and businesses worldwide. The company operates through News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Digital Education segments.
Shares of Callon Petroleum Company (NYSE:CPE), during its Thursday’s current trading session fell -1.79%, and is now trading at $6.59.
EnerCom, will host The Oil & Gas Conference 20, August 16-20, 2015, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver.
Conference Details: The Oil & Gas Conference 20 forum offers investment professionals the opportunity to listen to senior administration teams present their strategies and provides industry professionals a venue to learn about important energy topics effecting the global oil and gas industry.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas.
Finally, VMware, Inc. (NYSE:VMW), gained 1.61% Thursday.
VMware, declared that VMware is placed in the Leaders Quadrant of Gartner, Inc.’s 2015 Magic Quadrant for x86 Server Virtualization Infrastructure for the sixth year in a row. (1)
According to Gartner, “Virtualization (in the form of VMs and containers) is a fundamental enabler to IaaS, and it will be used to establish private cloud services, public cloud services and interoperable hybrid cloud services. Effectively, all IaaS offerings will rely on VMs or container technology.”
VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. The company’s virtualization infrastructure solutions comprise a suite of products designed to deliver a software-defined data center (SDDC), run on industry-standard desktop computers and servers, and support a range of operating system and application environments, in addition to networking and storage infrastructures.
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