On Friday, Antero Resources Corp (NYSE:AR)’s shares declined -1.09% to $28.24.
Antero Resources (AR) declared its second quarter 2015 operations update.
Highlights comprise:
- Average net daily gas equivalent production was 1,484 MMcfe/d, a 67% enhance over the preceding year quarter and flat quarter over quarter
- Average net daily liquids production (C3+) was 45,900 Bbl/d, a 127% enhance over the preceding year quarter and a 15% enhance sequentially
- Realized natural gas price after hedging averaged $3.86 per Mcf, a $1.22 positive differential to Nymex
- Realized C3+ NGL price after hedging averaged $19.51 per barrel (34% of WTI)
- Realized natural gas equivalent price counting NGLs, oil and hedges averaged $3.85 per Mcfe
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2014, the company had 543,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania.
At the end of Friday’s trade, Prospect Capital Corporation (NASDAQ:PSEC)‘s shares dipped -1.78% to $7.18.
Prospect Capital Corporation (PSEC) declared that their July 9 presentation from Grier Eliasek , President and Chief Operating Officer, is now accessible for on-demand viewing at VirtualInvestorConferences.com.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, unitranche debt, first-lien and second lien, private debt, mezzanine debt, and equity investments in private and microcap public businesses. It typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors.
Exterran Holdings, Inc. (NYSE:EXH), ended its Friday’s trading session with -10.83% loss, and closed at $24.71.
Exterran Holdings, Inc. (EXH) declared that, in preparation for the formerly declared separation of its international services and global fabrication businesses into a standalone, publicly traded company named Exterran Corporation (“SpinCo”), Exterran Energy Solutions, L.P., a wholly owned partner of Exterran Holdings (“EESLP”), and EES Finance Corp., a wholly owned partner of EESLP (“Finance Corp.” and, together with EESLP, the “Issuers”), intend to offer, subject to market conditions, $400 million aggregate principal amount of senior unsecured notes due 2022 (the “notes”). The Issuers will be auxiliaries of SpinCo after the completion of the separation.
The Issuers intend to transfer to Exterran Holdings the net proceeds from the sale of the notes, together with borrowings under EESLP’s new credit agreement (which has been executed and, subject to certain conditions, will become accessible upon the completion of the separation), to allow Exterran Holdings to repay certain of its existing indebtedness. The consummation of the notes offering will not be conditioned on Exterran Holdings’ completion of the separation; however, the Issuers will be required to redeem the notes if the separation does not occur within three months of the consummation of the notes offering.
Exterran Holdings, Inc., together with its auxiliaries, provides operations, maintenance, services, and equipment for the oil and natural gas production, processing, and transportation applications. The company’s North America Contract Operations segment provides natural gas compression services.
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