On Monday, Following U.S. Stocks were among the “Top Losers”: Odyssey Marine Exploriation Inc(NASDAQ:OMEX), AtlasResource Partners,L. (NYSE: ARP), Basic Energy Services, (NYSE:BAS)
Latest NEWS regarding these Stocks are depicted underneath:
Odyssey Marine Exploration Inc. (NASDAQ:OMEX)
Odyssey Marine Exploration Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reports results for the fourth quarter and full year ended December 31, 2014.
Fourth Quarter 2014 Highlights:
- Received consent of the United Kingdom’s Secretary of State for Defence to proceed with the archaeological investigation and recovery of at-risk artifacts from HMS Victory (1744) shipwreck site. Subsequent to the end of the fourth quarter, the consent was withdrawn to address issues raised in a request for Judicial Review of the original consent. The Maritime Heritage Foundation (MHF) has informed Odyssey that they expect the Ministry of Defence (MOD) to promptly issue a new consent. An application to the UK Marine Administration Organisation (MMO) was presented in December 2014 seeking a permit for the Victory project. A decision on the application is predictable in late first or early second quarter of 2015;
- Began talk aboutions with several potential planned investors based on their interest in Odyssey’s various seafloor mineral projects, which led to the recently declared financing contract with a planned investor for offshore mineral and resource exploration;
- Met milestones to realize full $10 million loan from Monaco Financial, a leading coin dealer and the corporation’s planned marketing partner;
- Odyssey President Mark D. Gordon assumed the additional role of CEO and John D. Longley was designated as COO;
- Conducted further testing of corporation’s new deep-sea search equipment and moved theOdyssey Explorer vessel to the UK for yearly maintenance and to prepare it for the 2015 shipwreck search and recovery operations;
- Reduced fourth quarter total operating expenses by 43%, or $4.6 million, contrast to the same quarter in the previous year.
Odyssey Marine Exploration, Inc., together with its auxiliaries, is engaged in the archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide.
Atlas Resource Partners, L.P. (NYSE:ARP)
Formerly on March 10, Atlas Resource Partners, L.P. (ARP), declared the filing of its 10-K for the year ending December 31, 2014 with the Securities and Exchange Commission (SEC). An electronic copy of the report is accessible on the ‘SEC Filings’ page in the Investor Relations section of the Corporation’s website, www.atlasresourcepartners.com.
Atlas Resource Partners unitholders and other interested investors may also request a printed copy of the annual report free of charge by calling (888) 400-7789 or by concluding a request form in the Investor Relations section of the Corporation’s website on the ‘Annual Report Request’ page. Requests for printed copies of the annual report will be delivered in April.
Atlas Resource Partners, L.P. (ARP) is an exploration & production master limited partnership which owns an interest in over 14,500 producing natural gas and oil wells, located primarily in Appalachia, the Barnett Shale (TX), the Mississippi Lime (OK), the Raton Basin (NM), Black Warrior Basin (AL) and the Rangely Field in Colorado.
Basic Energy Services, Inc. (NYSE:BAS)
Basic Energy Services, Inc. (BAS), stated selected operating data for the month of February 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 50,500 producing a rig utilization rate of 55%, contrast to 56% and 71% in January 2015 and February 2014, respectively.
During the month, Basic’s fluid service truck count reduced by five to 1,049. Fluid service truck hours for the month were 184,100 contrast to 208,100 and 189,000 in January 2015 and February 2014, respectively.
Drilling rig days for the month were 213 producing a rig utilization of 63%, contrast to 74% and 78% in January 2015 and February 2014, respectively.
Roe Patterson, Basic’s President and Chief Executive Officer, stated, “February operating activity was affected by severe weather conditions in the last week of the month, particularly in our Permian Basin and Mid-Continent operating areas. Weather influence in February reduced well servicing utilization by about 600 basis points and fluid service hours by five percent. Icy conditions also prevented several of our stimulation crews from reaching job locations, resulting in the loss of about one day of activity. Furthermore, the decline in contract drilling utilization reflects our customers’ reduction in drilling plans.
Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within its operating area. The corporation employs more than 5,100 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions.
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