On Monday, WPX Energy Inc (NYSE:WPX)’s shares inclined 3.41% to $13.03.
WPX Energy Inc (WPX) has accomplished the purchase of another 14,300 net acres in the San Juan Basin’s Gallup oil window from an unrevealed seller for about $26 million.
The acreage purchase represents an estimated 100 gross drilling locations, boosting WPX’s tally in the San Juan Gallup to about 500.
WPX now owns or controls about 100,000 acres in the core of the Gallup oil window where it has spud more than 100 wells following a successful discovery in early 2013.
Since then, WPX has lowered its drilling times on Gallup wells by 75 percent. The company recently drilled two Gallup wells in less than eight days each. During the second quarter, WPX is averaging 9.8 days per well so far.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, in addition to developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.
Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT)’s shares gained 0.41% to $82.83.
The Luxury Collection®, one of the world’s largest and fastest growing luxury hospitality brands, recently declared, in coordination with its owner partners, a $300 million effort to expand and improve its hotel portfolio in North America. Part of Starwood Hotels & Resorts (HOT), The Luxury Collection is investing in marquee hotel conversions and landmark renovations in diverse U.S. destinations, counting Key West, Lake Tahoe, San Antonio and San Francisco, as it continues to grow around the world. A milestone year for the brand, The Luxury Collection is on track to surpass 100 hotels in more than 30 countries by the end of 2015.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
At the end of Mondays trade, Viacom, Inc. (NASDAQ:VIAB)‘s shares surged 0.93% to $68.24.
Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom, Inc. (VIAB).
To celebrate the release of the highly anticipated film “TERMINATOR GENISYS,” Paramount Pictures, Skydance Productions, Arnold Schwarzenegger and Waze (www.waze.com) have teamed up to give drivers around the world the ultimate voice navigation machine: Arnold Schwarzenegger as the ‘Guardian’ Terminator from “TERMINATOR GENISYS.”
Starting, users of the world’s largest community-based traffic and navigation app can select custom Terminator voice commands from the Terminator himself. The Terminator will give directions to user’s destinations and alert them if a T-1000 is spotted ahead. In addition, movie theater locations showing “TERMINATOR GENISYS” will be branded with the iconic red-eyed Endoskull, assisting WAZE users to see the film when it opens in theaters on July 1st, 2015.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
Cablevision Systems Corporation (NYSE:CVC), ended its Monday’s trading session with 0.62% gain, and closed at $24.51.
Cablevision Systems Corporation (CVC) CEO James Dolan thinks we will see a 20% to 25% reduction in big bundle cable packages over the next five years, The Wall Street Journal reports. Customers will either be downsizing to smaller packages of channels, or cutting the cord altogether in favor of online video, he said.
Dolan doesn’t see this as a problem for popular channels, who he said will do “just fine.” Especially channels like HBO with lots of original content and a cult following. But niche channels, which have so far survived by being thrown in with more recognizable channels, will suffer. If you don’t have a strong brand identity, you’re going to be in trouble.
Cablevision Systems Corporation, together with its auxiliaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, counting programming, local broadcast network associates and independent television stations, other news, information, sports and entertainment channels, regional sports networks, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name.
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