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$XEC 2Q15 PR: Production averaged 1.0 Bcfe per day, up 22% YoverY. Wolfcamp A well in Reeves County, TX averages 3,309 BOE per day. Long Lateral Bone Spring well produces 2,753 BOE per day. Realized oil prices averaged $50.66 per barrel, down 46% vs. 2Q14. XEC invested $190MM in exploration & development, funded with cash flow from operations.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.