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 […]

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Visteon Awarded Second SmartCore Domain Controller Program with a European Automaker

Visteon Awarded Second SmartCore Domain Controller Program with a European Automaker

Visteon, a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer, said Monday that it has secured a second major customer vehicle program for its cockpit domain controller technology, SmartCore. Visteon is scheduled to launch the first SmartCore-based solution in 2018, for an unnamed European vehicle manufacturer. This second SmartCore business win, also with a European automaker, offers instrument cluster and infotainment features and expands […]

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Hydrogenics Wins Fuel Cell Contract in China

Hydrogenics Wins Fuel Cell Contract in China

Hydrogenics, a developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, said Thursday it has been selected by one of its certified integrator partners in China for a fuel cell order to power buses throughout a number of major metropolitan areas. The initial size of the contract is estimated to be worth $4 million, although significant follow-on awards are anticipated in 2017. Additional terms were not […]

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Plains Group Holdings Starts Offering of Class A Shares

Plains Group Holdings Starts Offering of Class A Shares

Plains Group Holdings, L.P said Wednesday in a regulatory filing that it will sell, from time to time, class A shares representing limited partner interests in PAGP having an aggregate offering price of up to $500 million. The net proceeds from the offering will be used to purchase from Plains AAP, L.P. a number of class A units equal to the number of PAGP Class A shares sold in such […]

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Bonds Lower on Improved Data

Bonds Lower on Improved Data

U.S. Treasuries fell Tuesday in holiday-thinned trade as stocks headed toward record levels, and a batch of improved confidence and manufacturing data tempered enthusiasm, as well as a run of Treasury auctions squeezed into the session. The 30-year closed near 3.145% from a low yield/high price near 3.11% and a close near 3.12% Friday. The 10-year settled near 2.565% from a 2.546% high and 2.542% close. The five-year went out […]

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