PDC Energy Acquires 4,500 Net Acres in Core Delaware Basin

PDC Energy Acquires 4,500 Net Acres in Core Delaware Basin

PDC Energy, an independent exploration and production company, said Wednesday that it has closed the acquisition of approximately 4,500 net acres in Reeves and Culberson Counties, Texas from Fortuna Resources for approximately $118 million in cash, subject to post-closing adjustments. The company has 100% working interest in the acquired leasehold and expects to operate 100% of the properties. Current net production associated with the acquisition is approximately 300 barrels of […]

Read More ˃
Diana Shipping Takes Delivery of Two Newcastlemax Drybulk Vessels

Diana Shipping Takes Delivery of Two Newcastlemax Drybulk Vessels

Diana Shipping said Wednesday that it has taken delivery of the m/v San Francisco and the m/v Newport News, two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch Shipping Pte. Ltd. at a rate of $11,750 per day. The employment is expected to generate approximate $4.2 million in gross revenues. The m/v Newport News has been […]

Read More ˃