On Tuesday, Shares of MGM Resorts International (NYSE:MGM), lost -1.86% to $22.18.
Offering a taste of the striking interiors to come within the $1.3 billion resort, MGM National Harbor unveiled the design of its luxurious guest rooms. Taking inspiration from the nation’s capital, MGM National Harbor embraces a thoughtful design approach while catering to the modern expectations of today’s discerning travelers.
“The room designs are just the first peek into the incredible collection of amenities we’ve curated to create an unparalleled experience for locals and visitors from around the world,” said MGM National Harbor General Manager Bill Boasberg. “In an area steeped in tradition, MGM National Harbor will honor the region’s legacy through its design elements while creating a sophisticated resort experience.”
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
Shares of Eclipse Resources Corp (NYSE:ECR), declined -6.56% to $4.49, during its last trading session.
Eclipse Resources Corporation, declared its second quarter 2015 operational update and earnings release information.
Operational highlights from the quarter comprise the following:
- Production for the second quarter averaged about 198.6 MMcfe per day, which was about 10% above the high end of its formerly issued guidance range for the quarter and represented a 374% enhance relative to the second quarter 2014 and a 24% sequential enhance over the first quarter 2015. For the second quarter of 2015, the Company’s production mix was about 57% natural gas, 23% natural gas liquids and 20% oil.
- Turned 6.3 net wells to sales, counting the three-well Sawyers pad in the Dry Gas type curve area drilled with inter-lateral spacing of about 715 feet.
- Drilled a dry gas Utica well in eastern Monroe Country, Ohio with a 10,220 foot lateral (21,330 foot total measured depth), its longest lateral and deepest well to date, in just 17 days from Spud to Total Depth.
- Averaged 921 feet per day drilling with an average cost of $261 per foot, a 7% enhance in footage and an 18% decrease in cost over the first quarter 2015.
- Averaged 4.4 completion stages per day with an average cost of $127,600 per stage for the second quarter of 2015, a 33% enhance in stages and a 36% decrease in per stage costs over the first quarter 2015.
- Offered third quarter 2015 production guidance of 205 – 215 MMcfe per day.
- Raised its full year 2015 guidance to 190-200 MMcfe per day from the formerly declared range of 180-190 MMcfe per day, which equates to a 170% year-over-year growth rate using the midpoint of the new guidance range. This range assumes the Fuchs/Dietrich pads are not turned-to-sales until the first quarter of 2016, as formerly talk abouted.
- Realized natural gas price before the impact of cash settled derivatives and counting transportation costs averaged $2.30 per Mcf, a $0.44 per Mcf discount to NYMEX during the quarter. Realized natural gas pride after the impact of cash settled derivatives and counting transportation costs averaged $3.05 per Mcf, a $0.31 premium to NYMEX during the quarter.
- Realized oil price before the impact of cash settled derivatives averaged $45.48 per barrel, a $12.19 per barrel discount to WTI oil price during the quarter.
- Realized natural gas liquids price, counting transportation costs, averaged $14.01 per barrel, or about 24% of the average WTI oil price during the quarter.
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas.
Finally, Service Corporation International (NYSE:SCI), ended its last trade with -1.44% loss, and closed at $31.38.
Service Corporation International, declared that it has priced an underwritten public offering of $300 million of its 5.375% Senior Notes due 2024 in a reopening of its existing series of such Notes. The price to the purchasers was 1.0375% of the principal amount of the Notes representing a yield-to-worst of 4.719%. The Company anticipates to close the sale of the notes on August 18, 2015, subject to the satisfaction of customary closing conditions.
The Notes form a part of the series of the Company’s outstanding 5.375% Senior Notes due 2024 and have the same terms as the existing notes of this series issued by the Company. The Notes will have the same CUSIP number as the existing notes and will trade interchangeably with the existing notes right away upon settlement. The Notes and the existing notes formerly issued by the Company will constitute a single series under the indenture for all purposes. Upon issuance of the Notes, the aggregate principal amount outstanding of the Company’s 5.375% Senior Notes due 2024 will be $850 million.
Service Corporation International, together with its auxiliaries, provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments.
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