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Sector Update: Energy Stocks Mixed in Thursday Afternoon Trading
Energy stocks were mixed Thursday afternoon, with the NYSE Energy Sector Index rising 0.4% and the Energy Select Sector SPDR Fund (XLE) fractionally lower. The Philadelphia Oil Service Sector index ga
SM Energy Dives Despite Bullish Uinta Basin Acquisition: Details
SM Energy Company (NYSE:SM) shares are diving today after the company disclosed an agreement to purchase the Uinta Basin oil and gas assets from entities affiliated with XCL Resources, LLC. for an una
Express News | Northern Oil and Gas Inc : Piper Sandler Raises Target Price to $45 From $43
sm energy (SM.US) agreed to invest $2 billion to acquire 80% of XCL's assets in the csi resource 80 index.
According to Zhitong Financial, SM Energy (SM.US) announced on Thursday that it has agreed to participate in the acquisition of oil and gas assets in the Uinta Basin of Utah from XCL Resources, a private company supported by EnCap Investments and Rice Investment Group. Northern Oil and Gas (NOG.US) will acquire 20% of XCL's oil and gas assets for $510 million in cash, while SM Energy will receive an undivided 80% interest in the assets.
Express News | Northern Oil and Gas To Acquire 20% Undivided Stake In XCL Assets In Partnership With SM Energy For Purchase Price, Net To NOG, Of $510M Cash
Express News | SM Energy: Approved 11% Increase in Quarterly Dividend Policy to $0.20 per Share
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