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Baron Energy (OTCBB: BROE) $0.28. Today announced that it has recently completed field operations to bring on more than 16 Bopd (barrels of oil per day) that was shut-in pending a workover program.
Ronnie L. Steinocher, President and CEO of Baron Energy, commented, "Keeping our production on line in order to maximize revenue is important. This week long field program allows us to now have more than 90% of our total available production on line." Mr. Steinocher also noted, "We still have a few minor field operations underway and expect by the end of the month to have at least 95% of our available production on stream."
What They Do: Baron Energy is an independent oil and gas production, exploitation, and exploration company headquartered in Midland, Texas with producing assets in the prolific oil producing Permian Basin of West Texas. Baron owns production that is 99% oil, both operated and non-operated, with working interest ranging from 5% to 100% in oil and gas fields located in Baylor, Borden, Garza, Jones, Runnels, Scurry and Taylor Counties, Texas. Baron's growth strategy centers on making accretive property acquisitions in its core operating area. The Company targets properties that have oil production with upside developmental potential.
Whole Foods Market (Nasdaq: WFMI) $40.25. Announced Wednesday after market close results for the 12-week second quarter ended April 11, 2010. Sales increased 13% to $2.1 billion. Comparable store sales increased 8.7%, or 3.9% on a two-year stacked basis. Identical store sales, excluding four relocations, increased 7.7%, or 1.9% on a two-year stacked basis. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 40% to $182.3 million. Income available to common shareholders increased 147% to $67.5 million, and diluted earnings per share increased 102% to $0.39 per diluted share. Results included a $3.2 million, or $0.01 per diluted share, gain on the sale of a non-operating property in the current year, and asset impairment charges of $13.1 million, or $0.05 per diluted share, in the prior year.
What They Do: Founded in 1980 in Austin, Texas, Whole Foods Market is the leading natural and organic foods supermarket, and America’s first national certified organic grocer.
Warren Resources (Nasdaq: WRES) $3.42. Announced Wednesday after market close that two new Tar reservoir wells drilled since April 15, 2010 in the Wilmington Townlot Unit ("WTU") in California have been placed on production and have exhibited initial producing rates of approximately 400 barrels of oil per day ("BOPD") combined. Wells drilled to the Tar formation typically experience production decline rates of 40% to 60% in the first year. These are the first two of eight wells in the Tar formation (seven producers and one water injector) budgeted for 2010 and the first wells drilled at WTU since late 2008. Additional wells may be added to the program in the upcoming months, including possible wells in the Upper Terminal and Ford reservoirs. Warren owns a 98.9% working interest in WTU.
What They Do:
What They Do: Warren Resources, Inc. is an independent energy company engaged in the exploration and development of domestic oil and natural gas reserves.
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