How Are Hercules Offshore, Inc.(NASDAQ:HERO), Kodiak Oil & Gas Corp(NYSE:KOG), and Magnum Hunter Resources Corp(NYSE:MHR) Faring?
New York, NY – GDP INSIDER – 10/21/2014.
This article discusses three oil and gas companies: Hercules Offshore, Inc.(NASDAQ:HERO), Kodiak Oil & Gas Corp(NYSE:KOG), and Magnum Hunter Resources Corp(NYSE:MHR)
Hercules Offshore, Inc.(NASDAQ:HERO) is a Texas-based oil and gas drilling and exploration company that provides shallow-water drilling and marine services. On Oct. 16th, the company announced it would be reporting its third quarter financial results before the markets open on Oct. 23rd, 2014. Additionally, Hercules Offshore will be discussing its results in a conference call at 11AM EST on that same date. The company has a market share of over $250 million.
Kodiak Oil & Gas Corp(NYSE:KOG) is a Colorado-based company that is engaged in the acquisition, exploration, development, exploitation, and production of crude oil and natural gas in the Rocky Mountain region. The company’s primary reserves and operations are located in the Williston Basin of North Dakota. On Oct. 20th, the law firm of Robbins Geller Rudman & Dowd LLP announced that a class action lawsuit had been filed by shareholders of the company due to the proposed acquisition of the company by Whiting Petroleum Corporation.
Magnum Hunter Resources Corp(NYSE:MHR) announced on Oct. 15th that its wholly-owned subsidiary, Bakken Hunter LLC., had chosen to sell its non-core, non-operated working interests in certain oil and gas properties in North Dakota to an independent exploration and production company for $84.7 million in cash. The properties accounted for 720 BOE of average daily production. The company’s chairman and CEO, Gary C. Evans, participated in the Marcellus / Utica panel at the Canaccord Genuity Global Resources Conference on Oct. 15th in New York City.
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