Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion...
Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion to $2 billion, some executives in the company acquired more shares in the Oklahoma City company.
The expanded buyback program was announced on June 22 and reports filed with the U.S. Securities and Exchange Commission show at least three company executives launched their own acquisitions of company shares buying nearly $1 million in stock.
$270 million acquisition expands Ascent’s holdings in Ohio
Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica...
Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica Shale in Ohio were expanded with the $270 million acquisition of new assets.
The company did not identify the seller but said the acquisition expands Ascent’s asset base in the Ohio Utica Shale play by ~26,800 net acres and increases net production by approximately 60 mmcfe/d.
U.S. oil & gas rig count falls for first time in five weeks
U.S. energy firms this week cut the number...
U.S. energy firms this week cut the number of oil and natural gas rigs for the first time in five weeks even as crude production hit its highest in more than two years in response to tight worldwide supply and high prices.
The total U.S. oil and gas rig count, an early indicator of future output, fell by three to 750 in the week to July 1.
U.S. oil rigsrose one to 595 this week, their highest since March 2020, while gas rigs fell four to 153, in the biggest decline since August 2021.
Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake
Warren Buffett's Berkshire Hathaway Inc said it has bought another 9.9 million shares...
Warren Buffett's Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company.
Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission.
Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion. Its stake is about 60% larger than that of Vanguard, the next largest shareholder, according to Refinitiv data.
Berkshire also owns warrants to buy another 83.9 million Occidental shares for $5 billion.
