On Friday, Shares of Oasis Petroleum Inc. (NYSE:OAS), gained 2.01% to $17.22.
Oasis Petroleum Inc. (NYSE:OAS), announced financial results for the quarter ended March 31, 2015 and provided an operational update.
Highlights include:
- Exceeded production guidance range and increased average daily production to 50,446 barrels of oil equivalent per day (“Boepd”), an 18% increase over the first quarter of 2014 and a 1% sequential quarter increase.
- Invested capital expenditures (“CapEx”) of $271.1 million in the first quarter of 2015, compared to a CapEx budget of $271.1 million.
- Completed and placed on production 23 gross (19.2 net) operated wells in the first quarter of 2015.
- Decreased lease operating expenses (“LOE”) per barrel of oil equivalent (“Boe”) to $8.62, a 17% decrease from the first quarter of 2014 and an 11% sequential quarter decrease.
- Reported Adjusted EBITDA of $208.9 million in the first quarter of 2015. For a definition of Adjusted EBITDA and a reconciliation of net income and net cash provided by operating activities to Adjusted EBITDA, see “Non-GAAP Financial Measures” below.
- Completed a public offering of 36.8 million shares, raising $463.1 million of net proceeds for the Company on March 9, 2015.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company’s principal projects are located in West Williston and East Nesson.
Shares of Ericsson (ADR)(NASDAQ:ERIC), inclined 1.09% to $11.58, during its last trading session.
- Far EasTone in Taiwan makes Ericsson its sole supplier, tasked with expanding and optimizing the telecom operator`s 4G network
- The collaboration will support Far EasTone`s 4G and 5G network strategy
- Far EasTone`s customers will benefit from superior network performance and user experience, and next generation voice calls using VoLTE and Wi-Fi.
Ericsson (ERIC) announced a new contract with Far EasTone, one of the top three Taiwanese telecom operators. The expanded partnership will not only optimize customer experience but also strengthen Far EasTone`s leading position in the Taiwanese market.
The cooperation will lay a solid foundation for Far EasTone to further enhance customer satisfaction through delivering on the “best 4G network in Taiwan” strategy, and to address the needs from enterprise customers for industry transformation. End-users will enjoy superior LTE network performance, and will be able to use HD voice over LTE (VoLTE) and Wi-Fi calling.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
At the end of Friday’s trade, Shares of Omnicom Group Inc. (NYSE:OMC), gained 0.44 % to $78.13.
Zimmerman Advertising, an Omnicom Group company, declared that Broward Health, one of the 10 largest health care systems in the country, has been selected as its agency of record.
Zimmerman will assist reposition the 75-year old company for much greater growth. As agency of record, Zimmerman’s key responsibilities will comprise delivering an integrated marketing strategy, which comprises all media buying and planning, digital and traditional; creative and strategy.
Broward Health provides world-class health care to residents of South Florida through its 50 locations across Broward County, counting hospitals, outpatient facilities; physician practices, urgent care centers and home health and hospice services.
Omnicom Group Inc., together with its subsidiaries, operates as an advertising, marketing, and corporate communications services company in the Americas, Europe, the Middle East, Africa, and the Asia pacific. It offers services in advertising, customer relationship management, public relations, and specialty communications areas.
Finally, DTE Energy Co (NYSE:DTE), ended its last trade with 1.34 % gain, and closed at $79.14.
DTE Energy Co (NYSE:DTE), announced it is teaming with Domino’s Farms and Ford Motor Company to build and operate the two largest solar arrays in Michigan.
DTE Energy is the largest investor in solar energy in the state.
DTE Energy has begun construction of a 1.1-megawatt photovoltaic solar installation at Domino’s Farms, just east of Ann Arbor, which will be completed and operational by the end of the year. The project will comprise more than 4,000 panels on property just north of M-14 and west of Earhart Road. The solar installation will have capacity to generate 1,089 kilowatts of electricity – enough to power 185 average-sized homes.
DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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