Athlon Energy in 12.5M-share offering, says Q2 production hit new record

Athlon Energy (NYSE:ATHL) announces a public offering of 12.5M common shares by certain selling stockholders that are funds affiliated with Apollo Global Management; the underwriters have a 30-day option to purchase up to an additional 1.875M shares.

Also, ATHL says Q2 average daily production reached a record high of 21.9K boe/day, up 96% Y/Y; output averaged 25K boe/day during June.

Says its second horizontal Wolfcamp A well was completed and achieved a peak three-phase 30-day rate of 1,234 boe/day (82% oil).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs