On Friday, Baytex Energy Corp (USA) (NYSE:BTE)’s shares inclined 2.50% to $5.33.
Baytex Energy Corp. (BTE) reports its operating and financial results for the three and six months ended June 30, 2015.
Highlights
- Generated production of 84,812 boe/d (82% oil and NGL) in Q2/2015;
- Delivered funds from operations (“FFO”) of $158.0 million ($0.77 per share) in Q2/2015;
- Realized an operating netback (sales price less royalties, production and operating expenses, and transportation expenses) in Q2/2015 of $20.66/boe ($25.85/boe counting financial derivative gains);
- Advanced the multi-zone development potential of our Eagle Ford acreage with 30-day initial production rates per well ranging from 900 to 1,600 boe/d for two projects that targeted three separate horizons;
- Maintained a conservative payout ratio, net of participation in our dividend reinvestment plan (“DRIP”), of 24% (39% before DRIP) in Q2/2015; and
- Accomplished an equity financing on April 2, 2015, raising net proceeds of about $606 million which were applied to reduce outstanding indebtedness.
- Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids. As of December 31, 2014, it had proved reserves of 283 million barrels of oil equivalent (mmboe); and proved plus probable reserves of 432 mmboe.
Vantiv Inc(NYSE:VNTV)’s shares dropped -0.87% to $44.63.
PYMNTS.com, a premier source of news and commentary on innovation in payments and commerce, and Vantiv, Inc. (VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, released recently the first “PYMNTS.com OmniReadi Index powered by Vantiv.” The new Index, which will be released quarterly, is designed to measure the comprising of merchant’s omnichannel strategies – measured by real shopping experiences, to determine if the mobile channel is assisting, hurting or simply neutral to the overall consumer experience.
According to the OmniReadi Index, the average score by each merchant measured on a scale of 1 (low) to 100 (high), was 64. The entertainment and electronics vertical scored among the highest at 70.
Vantiv, Inc., through its partner, Vantiv Holding, LLC. provides payment processing services in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange administration to merchants, and regional and small-to-mid sized businesses.
At the end of Friday’s trade, Crown Castle International Corp (NYSE:CCI)‘s shares dipped -1.55% to $81.04.
Crown Castle International Corp. (CCI) declared that its Board of Directors has declared a quarterly cash dividend of $0.82 per common share. The quarterly dividend will be payable on September 30, 2015 to common stockholders of record at the close of business on September 18, 2015. Future dividends are subject to the approval of the Company’s Board of Directors.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells). It provides access, counting space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, counting license, sublease, and lease agreements.
Stone Energy Corporation (NYSE:SGY), ended its Friday’s trading session with -3.01% loss, and closed at $5.15.
Stone Energy Corporation (SGY) offered a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of plan and below budget, and drilling has been accomplished through the targeted zones. The well encountered about 288 feet of net pay in two intervals, similar to the Cardona #5 net pay of 275 feet. Analysis of logging and pressure data confirmed the existence of oil in the pay zones. The well has been successfully cased and cemented across all productive zones, the subsea tree has been installed and completion operations have begun. The well will be tied into our existing Cardona subsea infrastructure, which flows into Stone’s Pompano platform. It is predictable that gross production from Cardona #6 will reach about 5,000 Boe per day (65% working interest) from the lower completion by late September.The upper completion is predictable to have a similar production rate and will be accessed in the future by hydraulically shifting sleeves between the upper and lower completions.
Upon completion of the Cardona #6 well, the ENSCO 8503 deepwater drilling rig will be released for about 60 days to receive planned maintenance and to be outfitted with mooring capabilities. The rig will then be mobilized to Mississippi Canyon block 26 to finish the completion of the Amethyst discovery (100% working interest). Amethyst will also be tied back to the Pompano platform, where first production is predictable early in the first quarter of 2016. Following the Amethyst completion, the rig is presently projected to drill the Cardona #7 development well and the Lamprey deep water exploration prospect.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of about 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.
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