Sector Update: Energy

By Staff,

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Energy shares are higher in mid-day trading, while crude for july delivery dropped around 0.4% to US$90.54 a barrel on the New York Mercantile Exchange.

In energy news, shares of Samson Oil and Gas ( SSN ) are moving higher after the company issued an operational update on the company's drilling activities.

In the update, Samson reported that the Spirit of America #2 well has set an intermediate seven-inch casing at a depth of 9,130 ft., which completed a "significant milestone" in securing the Permian salt section behind pipe, and a "significant" amount of free oil was recovered from samples within this interval.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: SSN

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