On Monday, Shares of Chesapeake Energy Corporation (NYSE:CHK), gained 0.85% to $11.89, as oil reversed losses to end slightly higher on Monday as short-covering ahead of the expiry of the front-month contract in U.S. crude lifted a market burdened by concerns about creeping gasoline inventories.
Worries about the potential fallout from the Greek debt crisis also weighed on oil prices initially, offsetting positive impact from a stockpile draw at the Cushing, Oklahoma delivery point for U.S. crude futures stated by oil services firm Genscape, Reuters Reports.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.
Shares of Goodrich Petroleum Corp. (NYSE:GDP), inclined 17.09% to $1.85, during its last trading session, after the oil company declared that it commenced the completion of two of six unaccomplished wells in the Tuscaloosa Marine Shale in the Gulf of Mexico.
Goodrich Petroleum said the two wells will be accomplished with flow back and initial production predictable within one to two weeks. The company plans to complete the other four unaccomplished wells in the Tuscaloosa Marine Shale from mid-July through earlier September.
All six wells will be accomplished before the fall borrowing based redetermination planned for October, the company said.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
Finally, The Bank of New York Mellon Corporation (NYSE:BK), ended its last trade with 0.81% gain, and closed at $43.47.
UpPrize, the BNY Mellon Social Innovation Challenge, has selected eight finalists, who will pitch their ideas to a panel of nationally-recognized judges for an opportunity to win $800,000 in a competition that will ultimately award $1 million in grants, investments and technical assistance as part of BNY Mellon’s planned effort to address critical community and societal issues. UpPrize is a unique partnership between BNY Mellon, the BNY Mellon Foundation of Southwestern Pennsylvania and The Forbes Funds.
The public is invited to attend the UpPrize finale event, Friday, July 31 at the New Hazlett Theater where the finalists will pitch their ideas. The UpPrize winners will be declared live, on site.
“UpPrize, our social innovation challenge, is designed to harness the creativity and passion of local innovators to address the most pressing issues in the nonprofit community by providing innovative financing and support that delivers both social and financial returns,” said Kenya Boswell, president, BNY Mellon Foundation of Southwestern PA. “This hybrid approach to community investment and innovation enables us to support creative and impactful solutions for nonprofits that address pressing societal challenges.”
“Beyond the direct support offered to its local communities, BNY Mellon has a long history of collaborating with nonprofits and philanthropic organizations to advance innovative approaches that deliver positive change,” said Ian Stewart, chairman, BNY Mellon of Pennsylvania. “UpPrize exemplifies and spotlights the deep well of innovation, creativity and partnershipin the Pittsburgh region.”
“By combining the efforts of entrepreneurs and nonprofits, as in UpPrize, we will be better able to meet the needs of our community,” said Kate Dewey, president, The Forbes Funds. “The UpPrize finalists are tackling important problems counting hunger, accessibility, human trafficking, and health, and creating products to improve how nonprofits service and enhance the quality of life for their clients.”
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
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