Tag: shares
Concho Resources enhances Southern Delaware Basin position
Concho has entered into a definitive agreement to acquire 12,000 net acres in Reeves and Ward Counties, Texas, adjacent to the company’s North Harpoon prospect MIDLAND, Texas – Concho Resources Inc. says that three separate transactions will enhance its position in the southern Delaware Basin, high grade the company’s portfolio, and reduce net debt. Highlights Agreed to […]
Suncor Energy and Canadian Oil Sands reach agreement to support acquisition
Exchanging Suncor common shares for COS common shares will be taxable transaction for US federal income tax CALGARY, Alta – After a very public hostile takeover, Suncor Energy Inc. announced Monday that it has reached an agreement to buy all of the shares of Canadian Oil Sands Limited. Under the terms of the support agreement Suncor has […]
Pioneer Natural Resources produces more oil in 2015 than forecast
Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said […]
Noble Midstream Partners anounces postponement of IPO
Noble Midstream IPO represented 34% to 39% stake in company Houston, TX – Noble Midstream Partners LP has announced it is postponing its previously-announced initial public offering. The board of directors and management of Noble Midstream’s general partner and its sponsor, Noble Energy, Inc. , elected for postponement of the offering as a result of unfavorable equity market conditions. […]
Torchlight Energy announces the closing of $3.7 million preferred stock
Proceeds will be used to accelerate continued development of Torchlight Energy assets, additional liquidity for operations. PLANO, TX– Torchlight Energy Resources, Inc. (NASDAQ: TRCH) today announced the closing of a private placement for $3.7 million of newly issued convertible preferred stock. Torchlight Energy issued $3.7 million in liquidation preference (face amount) of Series B Convertible Preferred Stock in […]
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