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In 1Q16, $SWN completed 9 wells and brought 12 wells to sales. $SWN expects to place an additional 11 wells to sales in 2Q16. In Midstream, $SWN realized $4MM in savings primarily through equipment and maintenance optimization. The Appalachia firm transportation and sales portfolio added over $30MM in value.
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.