UPDATE: The Texas Oil and Gas Association (TXOGA) has filed an injunction in state court in Denton to stop a fracing ban passed by the city. According to the TXOGA petition, “the ordinance … exceeds the limited authority of home-rule cities and represents an impermissible intrusion on the exclusive powers granted by the Legislature to state agencies.” Frac bans
Antero Resources Corporation (AR) (“Antero”) today announced the pricing of the Antero Midstream Partners LP (the “Partnership”) initial public offering of 40,000,000 common units representing limited partner interests in the Partnership at $25.00 per common unit. The Partnership was initially offering 37,500,000 common units at an estimated price range of $19.00 to $21.00 per common unit. The Partnership has granted
Abraxas Petroleum Corporation (AXAS) today reported financial and operating results for the three months ended September 30, 2014. Financial and Operating Results for the Three Months Ended September 30, 2014 The three months ended September 30, 2014 resulted in: Production of 651 MBoe (7,076 Boepd) Revenue of $44.2 million Adjusted EBITDA(a) of $31.8 million inclusive of Raven Drilling Adjusted discretionary cash flow(a)
Chesapeake Energy Corporation (CHK) today reported financial and operational results for the 2014 third quarter. Key information is as follows: Company reports adjusted net income of $0.38 per fully diluted share and adjusted ebitda of $1.236 billion Average production of approximately 726,000 boe per day increases 11% year over year, adjusted for asset sales Capital expenditures of $1.351 billion decrease
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