On Wednesday, Warren Resources, Inc. (NASDAQ:WRES)’s shares dwindled -5.78%, and closed at $0.920, as the Warren Resources, Inc. stated its fourth quarter and full-year 2014 financial and operating results.
In announcing the results, Lance Peterson, Interim Chief Executive Officer, commented, “2014 was a transformational year for Warren, with strong growth in reserves, production, proceeds and cash flows and the successful execution of the attainment and integration of the Marcellus assets. While there has been noteworthy volatility in commodity prices and the capital markets recently, Warren has an asset base well positioned to successfully navigate the current market environment. As operator of all three of our main assets, the Corporation was able to right-size its development activity to reduce capital spending and focus on identifying additional capital and operating cost reductions going forward.
Warren Resources, Inc., an independent energy corporation, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves.
Seventy Seven Energy Inc (NYSE:SSE), declined -6.10%, and closed at $4.31, during the last trading session on Wednesday, as Seventy Seven Energy, has planned to release its 2015 first quarter operational update and financial results before market open on Tuesday, May 5, 2015. A conference call to talk about the results has been planned for the same day at 9:00 a.m. CDT.
The telephone number to access the conference call is U.S. toll-free 844-867-9749 and international 901-300-3300. The conference ID for the call is 22784240. We encourage those who would like to take part in the call to place calls between 8:50 – 9:00 a.m. CDT., For those unable to take part in the conference call, a digital recording will be accessible for replay two hours after the call’s completion until May 27, 2015.
Seventy Seven Energy Inc. provides oilfield services in the United States. The corporation operates in four segments: Drilling, Hydraulic Fracturing, Oilfield Rentals, and Oilfield Trucking. The Drilling segment offers land drilling and drilling-related services, counting directional drilling for the oil and natural gas exploration and development activities. The Hydraulic Fracturing segment provides hydraulic fracturing and other well stimulation services.
At the end of Wednesday’s trade, Capitala Finance Corp (NASDAQ:CPTA), dipped -5.77%, and closed at $17.80, as Capitala Finance Corp, declared that it has priced an underwritten offering of 3,500,000 shares of its ordinary stock at a public offering price of $18.32 per share for total gross proceeds of about $64.1 million. The closing of the offering is subject to customary closing conditions and is predictable to take place on April 13, 2015.
In connection with the offering, the Corporation has granted the underwriters for the offering an option to purchase up to an additional 525,000 shares of the Corporation’s ordinary stock.
Capitala Finance Corp. is an externally managed non-diversified closed-end administration investment corporation. It intends to elect to be treated as a business development corporation (BDC). Its investment objective is to generate both current revenue and capital appreciation through debt and equity investments. It is managed by Capitala Investment Advisors, and Capitala Advisors Corp.
Callon Petroleum Company (NYSE:CPE), ended its Wednesday’s trading session with -5.72% loss, and closed at $7.74, as Callon Petroleum Corporation, declared that the borrowing base under its senior secured revolving credit facility remained unchanged at $250 million following its lenders’ regularly planned semi-annual redetermination process. There were no other changes to the terms of the credit facility resulting from this borrowing base redetermination.
Callon Petroleum Corporation holds in the exploration, development, attainment, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas.
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