Warren Resources announced that it is increasing its 2013 capital expenditure budget by $15 million to $73 million. The increase in planned capital expenditures is due to a decision to drill 25 new coalbed methane wells in the Spyglass Hill Unit in the Washakie Basin, which is a sub-basin of the Greater Green River Basin, Wyoming. The additional [...]
Warren Resources announced that that the syndicate of lenders underwriting the Company's $300 million senior secured credit facility has increased the conforming borrowing base to $145 million as a result of completing the spring 2013 semi-annual redetermination. As of May 17, 2013, Warren has $89.5 million of debt outstanding under its Credit [...]
Warren Resources today reported its first quarter 2013 financial and operating results. Warren reported net income of $2.8 million, or $0.04 per basic and diluted share (including a loss on derivative financial instruments of $1.6 million), compared to net income of $3.8 million, or $0.05 per basic and diluted share, for the first quarter of 2012 [...]
RDInvesting Provides Stock Research on Carrizo Oil & Gas and Warren ResourcesNEW YORK, NY -- (Marketwire) -- 03/22/13 -- U.S. oil and gas companies have benefitted from rising U.S. crude prices in 2013 as expanded pipelines and increased rail shipments have helped eased the supply glut. The iShares Dow Jones US Oil & Gas Exploration & Production [...]
An increased focus on lowering the nation's dependence on foreign oil has seen production in the U.S. soar to 15 year highs. The International Energy Agency in its annual World Energy Outlook predicts that by 2020 the U.S. will be the world's top oil producer. The Paragon Report examines investing opportunities in the Oil & Gas Industry and [...]
The Paragon Report Provides Stock Research on ATP Oil & Gas and Warren Resources NEW YORK, NY -- (Marketwire) -- 08/07/12 -- Oil and gas stocks have lost their luster among investors in 2012 as the recent economic slowdown in Europe and China has ...
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