On Friday, Shares of Whiting Petroleum Corp. (NYSE:WLL), lost -2.76% to $26.47.
Whiting Petroleum Corporation, estimates second quarter 2015 production totaled 15.5 million barrels of oil equivalent (MMBOE) or 170,245 barrels of oil equivalent per day (BOE/d). This represents a 2% enhance over the first quarter 2015 despite non-core property sales of 8,300 BOE/d during the quarter and exceeds the high end of preceding guidance.
Based on these strong results, we now project full-year 2015 production of 59.7 MMBOE or 7% growth over 2014. Adding back asset sales, this guidance equates to a 10% growth rate over 2014. We are also increasing our 2015 capital budget forecast to $2.3 Billion from $2.0 Billion. The $300 million enhance comprises of a $158 million enhance in our operated drilling budget, a $120 million enhance in our non-operated drilling budget, and $22 million of rig termination fees incurred during the second quarter.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
Shares of The Western Union Company (NYSE:WU), declined -0.36% to $19.20, during its last trading session.
The Western Union Company, declared that its board of directors declared a quarterly cash dividend of $0.155 per common share, payable September 30, 2015 to stockholders of record at the close of business on September 16, 2015.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
Finally, Meritor, Inc. (NYSE:MTOR), ended its last trade with 3.81% gain, and closed at $13.63.
Drivers will rev their engines for an exciting weekend of heavy-duty truck racing when the Gateway Motorsports Park hosts the Meritor ChampTruck World Series®.
“We’re bringing the thrill of semi-truck racing back to the United States for the first time since 1993,” said Mark Kollasch, director of Field Sales for Meritor. “The Meritor ChampTruck race at Gateway Motorsports Park is free and fan-friendly. People have access to the trucks, drivers and teams, so there’s plenty of excitement for everyone.”
The two-day race this weekend in Madison is the fifth event in the Meritor ChampTruck World Series. Admission to the Gateway is free and comprises full pit and paddock access for all events in addition to open grandstand seating. Gates open to the public at 8 a.m. on Saturday, with Meritor ChampTruck practice, qualifying and racing events taking place throughout the day. In addition, a Meritor ChampTruck driver autograph session is planned for 2:45 p.m. Saturday. On Sunday, a full day of activities comprises a second autograph session at 11:30 a.m., two heat races and the podium race at 2:45 p.m.
Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors.
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