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EPL, ANN, LOW, FGP, - CRWESelect.com Stock News! Energy Partners Ltd., ANN...
EPL, ANN, LOW, FGP, - CRWESelect.com Stock News! Energy Partners Ltd., ANN INC., Lowe's Companies, Ferrellgas Partners (Video Included Inside)
November 19, 2011 Investment news in Las Vegas,Nevada, United States of America
Energy Partners sees FY11 net oil production 8,030-8,100 barrels per day. Also, Energy Partners sees Q4 net oil production 9,200-9,500 barrels per day.
FOR IMMEDIATE RELEASE
Las Vegas,
Nevada,
United States of America
(Free-Press-Release.com) November 19, 2011 --
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Energy Partners Ltd. (NYSE:EPL)
EPL recently announced the closing of the transaction to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from a subsidiary of Stone Energy Corporation (Stone) for $38.4 million. Additionally, the Company updated fourth quarter and full year 2011 guidance to reflect the acquisition post close. The Company sees FY11 net oil production 8,030-8,100 barrels per day. Also, the Company sees Q4 net oil production 9,200-9,500 barrels per day.
EPL working interest in the Main Pass complex post-acquisition has been increased from approximately 33% to 50% in non-unitized areas and from approximately 13% to 43% in the unitized area within the Main Pass complex.
As of November 1, 2011, the company estimates that the Acquired Main Pass Interests had proved reserves of approximately 1.3
million barrels of oil equivalent, of which 96% were oil and 100% were proved developed producing reserves.
EPL previously reported third quarter 2011 revenue of $84.9 million, up 51% from the third quarter 2010, aided by a 44% increase in crude oil production and 44% increase in realized crude oil prices versus that same period.
Founded in 1998, EPL is an independent oil and natural gas exploration and production company based in New Orleans, LA and Houston, TX. The Company's operations are concentrated in the shallow to moderate depth waters in the Gulf of Mexico focusing on the state and federal waters offshore Louisiana.
For more information about EPL please visit http://www.eplweb.com
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ANN INC. (NYSE:ANN) previously reported results for the fiscal third quarter of 2011, ended October 29, 2011 . The Company also provided its outlook for the fourth quarter and full year of fiscal 2011.For the fiscal third quarter of 2011, the Company reported earnings per diluted share of $0.61 , compared with earnings per diluted share of $0.41 in the third quarter of 2010.
ANN INC. operates as a specialty retailer of women’s apparel, shoes, and accessories primarily in the United States. It offers a range of career and casual separates, dresses, tops, weekend wear, shoes, and accessories under the Ann Taylor and LOFT brands.
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Lowe's Companies, Inc. (NYSE:LOW) announced it has agreed to sell $500 million of 3.80% Notes due 2021 and $500 million of 5.125% Notes due 2041. Estimated net proceeds from this offering will be approximately $991 million, after deducting offering expenses and underwriters’ discounts. Closing is expected to occur on November 23, 2011.
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance.
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Ferrellgas Partners, LP (NYSE:FGP) previously announced the acquisition of Polar Gas Company. Based in Poplar, Wisconsin , Polar brings nearly 4,000 new customers to the partnership's existing customer base.
Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States.
To read the full article visit URL http://crweselect.com/27419/stock-alerts/epl-ann-low-fgp-crweselectcom-stock-news-energy-partners-ltd-ann-inc-lowes-companies-ferrellgas-partners-video-included-inside/
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ANN INC. Energy Partners Ltd. epl Ferrellgas Partners Lowe s Companies Natural gas NYSE EPL Stone Energy Corporation
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Industry: Business Services
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