Energy shares were mixed in pre-market trade Wednesday as crude
oil futures traded higher.
Light, sweet crude oil for May delivery was up 0.26% at $102.83
per barrel. In other energy futures, heating oil was up 0.34% at
$2.94 per gallon while natural gas was up 0.51% at $4.56 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) was up 0.41% at $37.05. The United States Natural Gas ETF (
) was up 0.67% at $25.43.
In other energy news, independent oil and liquid natural gas
exploration and production company Athlon Energy (
) said late Tuesday that it has entered into multiple definitive
agreements with five unrelated third-party sellers to acquire
certain producing properties and undeveloped acreage for an
aggregate purchase price of $873 million in cash.
The properties are 100% operated and are concentrated primarily
on the western side of the northern Midland Basin in Martin, Upton,
Andrews, and Glasscock counties, near the company's existing
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.