Monday, December 23, 2013

Monday: For Investors Only -- Disclaimer: This Is Not An Investment Site

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you might have read here. 
Futures: oil down 20 cents; Dow futures up 53 points.

Dividends/distributions: eleven companies announce increased dividends/distributions.

In-Play Yahoo!Financial
Abraxas Petroleum Corp. reported In the Bakken, the company will maintain its one rig continuous drilling program resulting in the drilling of 7.2 and completion of 6.4 net wells:
  • Abraxas' Board of Directors recently approved a 2014 capital budget of $105 mln. In the Bakken, the company will maintain its one rig continuous drilling program resulting in the drilling of 7.2 and completion of 6.4 net wells. In the Eagle Ford, the company will complete one well on its Cave prospect in McMullen County and drill and complete five net wells on its Jourdanton prospect in Atascosa County. 
  • Approximately $10 mln is budgeted to be spent acquiring additional leasehold in Abraxas' core areas, the Bakken and Eagle Ford. Abraxas recently monetized several non-core assets in North Dakota, Wyoming and Texas at the December Oil and Gas Clearinghouse Auction for gross proceeds of approximately $3.6 mln. The assets sold produced approximately 54 boepd (33 barrels of oil per day, 125 mcf of gas per day).

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