On Wednesday, in the course of current trade, Shares of Wells Fargo & Company (NYSE:WFC), dropped 0.47%, and is now trading at $55.73.
Wells Fargo & Company, and No Barriers USA declared the team of 13 healing injured veterans participating in the 2015 Warriors to Summits expedition to Gannett Peak, the apex of the entire Central Rockies at 13,804 feet, located in Wyoming. The team of warriors will be led by one of America’s best-known mountaineers, Jeff Evans, when the expedition launches on September 4. Erik Weihenmayer, famed blind adventurer and the only blind person to reach the summit of Mt. Everest, will be one of the assistant expedition leaders, among others. Previous expeditions comprise Mission: Mt. Whitney in California, the South Pole Allied Challenge (SPAC) with Britain’s Prince Harry, in addition to climbs of Peru’s Mariposa 1, Ecuador’s Cotopaxi and Nepal’s Lobuche.
No Barriers Warriors focuses on enhancing inner strength and determination by assisting veterans and service members overcome barriers, regardless of the emotional, mental or physical challenges in their lives. The program’s mission is to unleash the potential of the human spirit. No Barriers Warriors empowers veterans and transitioning service members with disabilities to become “Warrior Strong” inside and out by developing an attitude built on endurance and perseverance. Through its expeditions, climbs and experiential offerings, No Barriers Warriors encourages veterans to look beyond barriers to reach new heights.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
During an Afternoon trade, Shares of Ocean Rig UDW Inc. (NASDAQ:ORIG), showed no change to $9.22.
Ocean Rig UDW, declared its unaudited financial and operating results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- For the first quarter of 2015, the Company stated a net income of $41.1 million, or $0.31 basic and diluted earnings per share.
- The Company stated Adjusted EBITDA(1) of $219.0 million for the first quarter of 2015, as contrast to $172.2 million for the first quarter of 2014.
Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry.
Shares of Halcón Resources Corporation (NYSE:HK), during its Wednesday’s current trading session gained 1.54%, and is now trading at $1.32.
Halcón Resources, declared its first quarter 2015 results.
The Company generated revenues of $136.2 million for the three months ended March 31, 2015. Production raised 18% quarter over preceding year quarter to an average of 43,078 barrels of oil equivalent per day (Boe/d). First quarter 2015 production was 80% oil, 9% natural gas liquids (NGLs) and 11% natural gas.
Counting the impact of hedges, Halcón realized 153% of the average NYMEX oil price, 24% of the average NYMEX oil price for NGLs and 114% of the average NYMEX natural gas price during the period.
Total operating costs per unit, after adjusting for selected items, reduced by 31% to $19.60 per Boe in the first quarter of 2015, contrast to the first quarter of 2014.
Floyd C. Wilson, Chairman and Chief Executive Officer, commented, “Well performance improved and accomplished well costs trended down meaningfully in our core areas during the first quarter of the year. We have recently executed on certain initiatives towards the aim of improving our balance sheet and now have sufficient liquidity to fund operations and service our debt for the next several years, even in a low commodity price environment.”
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising about 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering about 101,000 acres of area in Brazos, Burleson, and Robertson counties.
Finally, FMSA Holdings Inc. (NYSE:FMSA), lost -1.10% Wednesday.
FMSA Holdings, declared results for the first quarter ended March 31, 2015.
Business Segments
Proppant Solutions
- Total Proppant Solutions volumes for the first quarter of 2015 rose to 1.8 million tons, up 12% contrast to the preceding year period. Raw sand volumes were 1.5 million tons, up 18% from the preceding year period. Coated proppant volumes were 0.29 million tons, down 10% from the preceding year period driven primarily by a decrease in demand for pre-cured resin-coated proppants.
- Proppant Solutions revenue totaled $272.9 million in the first quarter, a 2% enhance contrast with $266.5 million in the same period a year ago. The year-over-year enhance in volumes exceeded the enhance in revenue due to the decline in resin-coated volumes and the effect of price decreases in the first quarter, primarily on resin-coated products.
- Contribution margin for Proppant Solutions reduced to $83.8 million this quarter from $89.0 million in the first quarter of 2014 due to the decline in volume and selling prices for resin-coated proppants, partially offset by an enhance in contribution margin in both our Northern White and Texas Gold product lines. Changes in selling prices for raw sand did not have a noteworthy impact on contribution margin in the first quarter of 2015 contrast with the preceding year period.
FMSA Holdings Inc., together with its auxiliaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells. It operates in two segments, Proppant Solutions and Industrial & Recreational (I&R) Products.
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