On Friday, Shares of W&T Offshore Inc. (NYSE:WTI), gained 4.89% to $6.01.
W&T Offshore, stated its first quarter 2015 operations and financial results, and 2015 production and expense guidance. Some of the key items comprise:
- Production for the first quarter of 2015 averaged about 49,000 Boe per day (4.4 million Boe in total for the quarter), 53% of which was oil and liquids. Oil production raised 9.4% for the first quarter of 2015 contrast to the first quarter of 2014 while natural gas production reduced 2.1%. Our average quarterly realized sales price was $43.04 per barrel for oil, $16.81 per barrel for natural gas liquids (“NGLs”) and $3.01 per thousand cubic feet (“Mcf”) for natural gas. On a combined basis our average realized sales price was $28.70 per Boe.
- Revenues for the first quarter of 2015 were $127.9 million, 70% of which was from oil and NGLs.
- Continued deepwater development remains on plan at “Big Bend”, “Dantzler”, “Medusa”, and Ewing Banks 910.
- In April 2015 the company amended its existing revolving bank credit facility and modified certain covenants to enhance the Company’s financial flexibility. The borrowing base under the bank credit facility is now $600 million.
- On May 5, 2015, we declared the pricing and marketing of a $300.0 million five-year second-lien term loan bearing interest at an annual rate of 9.0%.
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas. It holds working interests in about 63 offshore fields in federal and state waters.
Shares of Altera Corp. (NASDAQ:ALTR), declined -0.31% to $44.46, during its last trading session.
Altera Corporation, is demonstrating its military radar systems solutions at the IEEE International Radar Conference 2015 (RadarCon) being held in Arlington, Virginia, at the Crystal Gateway Marriott, May 10 – 15, 2015. Of particular note, Altera is highlighting its ultra-wideband channelizer with JESD204B interface with a signal generator, for the first time at RadarCon. Altera is also demonstrating its radar reference designs, and the company’s full portfolio of FPGA, SoC, Enpirion® power solutions, and software tools that support radar system design.
Demonstrations comprise the following:
- Ultra-wideband FPGA channelizer with JESD204B interface feeding into a multi-GSPS (Giga-samples per second) analog-to-digital converter (ADC)
- Extended Kalman filter (EKF) algorithm implemented in an FPGA SoC for target tracking, navigation systems, adaptive control, and many other dynamic systems
- Synthetic aperture radar (SAR) back-projection algorithm for image formation
- Time-delay digital-beam-forming algorithm that provides noteworthy advantages contrast to analog beam forming, counting multiple simultaneous beams, instantaneous wide-bandwidth, and element-level configurability
- Space-time adaptive processing (STAP), a signal processing technique to achieve order-of-magnitude sensitivity improvements in target detection.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
At the end of Friday’s trade, Shares of Sanchez Energy Corporation (NYSE:SN), gained 2.06% to $12.91.
Brian Carney was designated to the Board of Directors of Sanchez Energy Corporation, on May 5, 2015. The Board determined Mr. Carney to be independent under the rules of the New York Stock Exchange (“NYSE”) and qualified to serve on the Audit Committee, the Nominating and Corporate Governance Committee and the Compensation Committee of the Board under the rules of the NYSE and the Securities and Exchange Commission, to which committees Mr. Carney was designated concurrently with his appointment as director.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
Finally, Pandora Media, Inc. (NYSE:P), ended its last trade with -1.51% loss, and closed at $18.21.
Pandora Media, declared that the company’s Vice President, Dominic Paschel, and Senior Vice President, Lizzie Widhelm, will present at the Jefferies 2015 Global Technology, Media and Telecom Conference, and the B. Riley 16th Annual Investor Conference.
Mr. Paschel will engage in a fireside chat at the Jefferies 2015 Global Technology, Media and Telecom Conference on Tuesday, May 12, 2015 at 7:30 a.m. PT / 10:30 a.m. ET in Miami, FL.
Ms. Widhelm will present at the B. Riley 16th Annual Investor Conference on Wednesday, May 13, 2015 at 1:30 p.m. PT / 4:30 p.m. ET in Los Angeles, CA.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
