On Wednesday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: Midstates Petroleum Corporation, Inc. (NYSE:MPO), Rosetta Resources, Inc. (NASDAQ:ROSE), Matador Resources Corporation (NYSE:MTDR), Hercules Offshore, Inc. (NASDAQ:HERO)
Midstates Petroleum Corporation, Inc. (NYSE:MPO), with shares gained 4.27%, closed at $0.928.
Rosetta Resources, Inc. (NASDAQ:ROSE), with shares jumped 0.44%, settled at $17.20.
Matador Resources Corporation (NYSE:MTDR), with shares climbed 4.12%, and closed at $20.97.
Hercules Offshore, Inc. (NASDAQ:HERO), surged 4.12%, and closed at $0.452.
Latest NEWS regarding these Stocks are depicted underneath:
Midstates Petroleum Corporation, Inc. (NYSE:MPO)
Midstates Petroleum Corporation, Inc. (MPO), declared that, as a result of its lenders’ semiannual review, the borrowing base under its revolving credit facility has been reaffirmed at $525 million, with no reduction upon the anticipated closing in April of the Dequincy property sale. The Corporation also amended the leverage ratio covenant associated with the borrowing base to expand it to 4.5 times through December 31, 2015. The borrowing base is supported solely by the Corporation’s Midcontinent assets and on December 31, 2014, the Corporation had $435 million drawn under this facility.
Jake Brace, President and CEO, stated, “This is another positive step and reconfirms the strength of our premier Mississippian Lime position in addition to our growth in production and proved reserves. The combination of our strong 2015 hedge position, continued focus on aggressively managing our level of capital expenditures and the proceeds from the pending sale of our Dequincy assets will give us time to thoughtfully proceed with our review of options to further enhance our liquidity and provide financial flexibility.”
Midstates Petroleum Corporation, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The corporation was founded in 1993 and is headquartered in Tulsa, Oklahoma.
Rosetta Resources, Inc. (NASDAQ:ROSE)
Jim Craddock, Chairman, Chief Executive Officer and President of Rosetta Resources, Inc. (ROSE), presented at the 43rd Annual Scotia Howard Weil Energy Conference on Monday, March 23, 2015, in New Orleans, Louisiana.
Rosetta Resources Inc. is an independent exploration and production corporation engaged in the attainment and development of onshore unconventional resource plays in the United States of America.
Matador Resources Corporation (NYSE:MTDR)
Formerly on March 2, Matador Resources Corporation (MTDR), declared on Friday, February 27, 2015 it accomplished the formerly declared combination of its Delaware Basin assets with Harvey E. Yates Corporation, a partner of HEYCO Energy Group, Inc. As a result of the transaction, Matador will assume operatorship of all of HEYCO’s operated properties in the Northern Delaware Basin.
Key attributes of HEYCO’s properties comprise the following:
- About 58,600 gross (18,200 net) acres located in Lea and Eddy Counties, New Mexico.
- About one-third of the acreage is operated, one-third is non-operated and operations on the remaining one-third will be pursued by Matador under various operating, farm-in and other contracts.
- Essentially all of the acreage is held by production from existing wells and production units with high net proceed interests greater than 75%.
- Average net daily production during the fourth quarter of 2014 of about 530 BOE per day (about 70% oil), counting production from the recently drilled CTA State Com #3H and #4H wells.
- Net proved developed producing (“PDP”) oil and natural gas reserves of about 1.3 million BOE (about 60% oil) as of September 1, 2014, based on an independent reserves analysis prepared by Netherland, Sewell & Associates, Inc., not including any contributions from the CTA State Com #3H and #4H wells. Notably, no proved developed non-producing (“PDNP”) nor proved undeveloped (“PUD”) reserves have been assigned to these properties.
Matador Resources Corporation, an independent energy corporation, engages in the exploration, development, production, and attainment of oil and natural gas resources in the United States. The corporation primarily holds interests in the Eagle Ford shale play in South Texas; the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.
Hercules Offshore, Inc. (NASDAQ:HERO)
Hercules Offshore, Inc. (HERO), declared that it has published the March Fleet Status Report. The Report comprises the Hercules Offshore Rig Fleet Status (as of March 23, 2015), which contains detailed contract information for each of the Corporation’s drilling rigs. The Report also comprises the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for February 2015, counting proceed per day and operating days.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The corporation operates through Domestic Offshore, International Offshore, and International Liftboats segments.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
