On Thursday, Rex Energy Corporation (NASDAQ:REXX)’s shares enhanced 4.05%, and closed at $3.85, as Rex Energy Corporation declared a new joint venture contract in the Butler Operated Area, re-determined borrowing base and amended financial covenants to the senior secured credit facility.
Rex Energy has reached a joint venture contract with an associate of ArcLight Capital Partners, LLC to jointly develop 32 specifically designated wells in the corporation’s Butler Operated Area. ArcLight will take part and fund 35% of the well costs in the designated wells. The joint venture contract is predictable to reduce the corporation’s 2015 capital expenditure program by $60 million to $135 - $145 million, or a decrease of 30% at the midpoint of guidance. Total consideration for the transaction will equal $67 million, with $16.6 million received at closing. Upon achieving certain threshold triggers of IRR and ROI on specific well groups, ArcLight’s working interest will revert to 17.5%. In addition, ArcLight will have the option to take part as a 20% working interest partner in 17 additional Moraine East wells in 2016.
Rex Energy Corporation operates as independent oil, natural gas liquid, and natural gas Corporation in the Appalachian and Illinois basins in the United States. The corporation focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Expedia Inc (NASDAQ:EXPE), inclined 4.05%, and closed at $97.98, hitting new 52-week high of $98.31., as on April 2, 2015, Expedia, Inc. declared plans to purchase Amgen’s multi-building, waterfront campus in the City of Seattle and move its headquarters to the new space by 2018.
Expedia’s plans for the 40-acre campus comprise a new modern design for 750,000 square feet of existing buildings with additional land accessible for future expansion. Expedia’s new home features spectacular views of downtown Seattle, Mt. Rainier, the Puget Sound and the Olympic Mountains, along with outdoor recreational areas, onsite dining options and a state-of-the-art fitness facility.
Expedia, Inc., along with its auxiliaries, works as an online travel corporation in the United States and internationally. The corporation operates in two segments, Leisure and Egencia.
At the end of Thursday’s trade, Cameco Corporation (USA) (NYSE:CCJ), surged 4.03%, and closed at $14.73.
Cameco will issue its first quarter results before markets open on Wednesday, April 29, 2015.
Cameco invites investors and the media to join its first quarter symposium call with the corporation’s senior executives on Wednesday, April 29, 2015 at 1:00 p.m. Eastern.
Cameco Corporation produces and sells uranium worldwide. The corporation works through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates.
Discovery Communications Inc. (NASDAQ:DISCA), gained 4.01%, and closed at $32.15, as clypd, the industry’s leading sell-side technology provider, declared a partnership with Discovery Communications, the world’s #1 pay-TV programmer, to launch a new TV sales solution, enhancing its service model for advertisers and agencies.
Through the new partnership, Discovery Communications will use the clypd platform to streamline the buying process and expose rich audiences within television inventory in an easy-to-use, automated process.
Discovery Communications, Inc. works as a media corporation. The corporation works through U.S. Networks; International Networks; and Education and Other segments. It owns and works television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
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