On Thursday, Concho Resources Inc (NYSE:CXO)’s shares declined -3.33% to $114.15.
Concho Resources Inc (CXO) stated financial and operating results for first quarter 2015.
Highlights
Concho delivered record quarterly production of 11.9 million Boe, or 132.2 MBoepd, surpassing the high end of the Company’s guidance.
Concho achieved 38% crude oil production growth over the same quarter a year ago and 9% crude oil growth over the fourth quarter of 2014.
Concho raised its 2015 total production growth target to 18% to 22%. Capital expenditures are predictable to range between $1.8 billion to $2.0 billion for full year 2015.
Concho declared excellent well results from the oil-rich extension of the Avalon Shale in the northern Delaware Basin.
Concho successfully drove all per-unit expenses lower year-over-year, while capturing noteworthy service cost savings across all areas of operations in the Permian Basin.
Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the Unites States. The companys principal operating areas are located in the Permian Basin of southeast New Mexico and West Texas.
Enerplus Corp (USA) (NYSE:ERF)’s shares dropped -3.11% to $10.56.
Enerplus Corp (USA) (ERF) advised that Mr. Ian C. Dundas, President & Chief Executive Officer, will provide an update on Enerplus’ activities via a presentation at the UBS Global Oil and Gas Conference Austin, TX on Wednesday, May 20, 2015 at 12:30 pm CT (11:30 am MT).
Enerplus Corporation, together with auxiliaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada.
At the end of Thursday’s trade, Gran Tierra Energy Inc. (NYSEMKT:GTE)‘s shares dipped -3.26% to $3.56.
Gran Tierra Energy Inc. (GTE) declared that they have reached a contract related to Gran Tierra’s 2015 Annual Meeting of Stockholders, which will be held on June 24, 2015. West Face owns about 9.8% of the Company’s outstanding common shares.
Under the terms of the agreement, the Gran Tierra Board of Directors will be expanded from six to eight directors, with West Face nominees right away filling two vacant positions and two newly created ones. The West Face nominees are: Peter Dey, Robert B. Hodgins, Ronald Royal and David P. Smith. Additional West Face nominees Gary S. Guidry and Brooke Wade, ongoing director J. Scott Price and a mutually agreed upon eighth director will complete the eight-member board to be nominated in the Company’s proxy materials for election at Gran Tierra’s 2015 Annual Meeting.
Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2014, the company’s acreage comprised 3.4 million gross acres covering 16 exploration and production contracts in Colombia; 47,734 gross acres covering 7 exploration blocks in Brazil; and 5.7 million gross acres covering 5 exploration licenses in Peru.
Target Corporation (NYSE:TGT), ended its Thursday’s trading session with -3.22% loss, and closed at $77.26.
Target Corporation (TGT) declared it will sell Target Commercial Interiors (TCI), a partner that provides office furnishings and related services for business and commercial clients. Minneapolis-based Omni Workspace Company, more commonly known as A&M Business Interior Services, will acquire TCI and operate it as a wholly owned partner. TCI will be renamed following the completion of the acquisition.
Omni Workspace will retain TCI’s downtown Minneapolis headquarters, located at 81 S. 9th Street, and will continue to operate the six additional TCI furniture showrooms and offices throughout Arizona, Illinois and Wisconsin. TCI’s leadership team will remain in place, and its employees will become part of Omni Workspace.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
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