McMoRan Exploration Co. (MMR) - NYSE
MMR is defunct.
  • Jun. 3, 2013, 3:10 PM

    In a foregone conclusion, Freeport McMoRan (FCX +1%) completes the final step of its three-way combination with Plains Exploration and McMoRan Exploration (MMR +0.6%), as MMR shareholders vote to approve the $2.2B part of the deal between the two companies.

    | Jun. 3, 2013, 3:10 PM | 5 Comments
  • May 20, 2013, 10:07 AM

    Paulson & Co., whose funds own ~9.9% of the outstanding shares (12.8M) of Plains Exploration (PXP +7%), says it will vote in favor of Freeport McMoRan's (FCX -0.9%) proposed takeover of PXP and McMoRan Exploration (MMR) as it "adds another avenue for growth, diversifies its cash flows, and increases the proportion of earnings from the United States."

    | May 20, 2013, 10:07 AM
  • Apr. 18, 2013, 12:05 AM

    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ

    | Apr. 18, 2013, 12:05 AM
  • Apr. 17, 2013, 5:30 PM

    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ

    | Apr. 17, 2013, 5:30 PM
  • Feb. 20, 2013, 12:25 PM

    McMoRan Exploration (MMR -0.8%) says it has booked the first reserves from the closely-watched ultra-deep onshore gas well Lineham Creek in Louisiana. MMR estimates Lineham's proved, probable and possible oil and gas reserves of 546.7B cubic feet equivalent, with 141.7B net to MMR.

    | Feb. 20, 2013, 12:25 PM | 1 Comment
  • Jan. 30, 2013, 5:10 PM

    McMoRan Exploration (MMR) says it will move the rig off its Davy Jones-1 well on South Marsh Island Block 230 offshore Louisiana for several months while it designs a large-scale fracking treatment for the Wilcox reservoirs.

    | Jan. 30, 2013, 5:10 PM
  • Jan. 24, 2013, 5:57 PM

    Freeport-McMoRan's (FCX) $9B deal to buy two energy companies has prompted the unusual step from shareholders of the acquiring company to go after their own directors for overpaying; more typical are class actions from shareholders of target companies who say the purchase price is too low. Six FCX directors also on MMR's board will reap $131M for their stock in near-bankrupt MMR, according to lawsuits.

    | Jan. 24, 2013, 5:57 PM | 7 Comments
  • Jan. 18, 2013, 8:02 AM
    McMoRan Expl (MMR): Q4 EPS of $0.00 beats by $0.10. Revenue of $84.2M (+30.5% Y/Y) misses by $6.46M. (PR)
    | Jan. 18, 2013, 8:02 AM
  • Jan. 18, 2013, 12:05 AM

    Notable earnings before Friday’s open: COL, FHN, GE, JCI, MMR, MS, PGR, PH, SLB, STI, STT, WBS

    | Jan. 18, 2013, 12:05 AM
  • Jan. 17, 2013, 5:30 PM

    Notable earnings before Friday’s open: COL, FHN, GE, JCI, MMR, MS, PGR, PH, SLB, STI, STT, WBS

    | Jan. 17, 2013, 5:30 PM
  • Dec. 27, 2012, 8:44 AM

    McMoRan Exploration (MMR) says recent operations designed to unblock the troubled Davy Jones No. 1 well have achieved "limited success" so far. Also, the Blackbeard West No. 2 ultra-deep exploration well was drilled to a depth of ~25K feet, and MMR plans to set a production liner, which would enable completion.

    | Dec. 27, 2012, 8:44 AM
  • Dec. 6, 2012, 10:28 AM

    Jim Cramer's take on Freeport McMoran's (FCX) big deal for McMoRan (MMR) and Plains (PXP): "It doesn't pass the smell test." For FCX shareholders, the "instant re-coloration" of the company from copper to oil and copper should cause worry that maybe something's wrong with the copper side. The deal shows the fallacy of playing the mining stocks instead of the ore; the way to play copper is through JJC.

    | Dec. 6, 2012, 10:28 AM | 2 Comments
  • Dec. 5, 2012, 5:28 PM

    Freeport's (FCX) mega-deal for McMoRan (MMR) and Plains (PXP) looks "incestuous" to Jim Mueller: Just for starters, PXP owns 31.5% of MMR and CEO James Flores sits on its board; MMR CEO Jim Bob Moffett is chairman of FCX; B.M. Rankin, a co-founder of FCX with Moffett, sits on MMR’s board. With such a web of relationships, how much independent due diligence was done in reaching the deal?

    | Dec. 5, 2012, 5:28 PM | 10 Comments
  • Dec. 5, 2012, 2:47 PM

    Shares of Energy XXI (EXXI +7.3%), McMoRan's (MMR) leading minority partner in its ultra-deepwater drilling projects including the troubled Davy Jones well, soar as investors re-calibrate the value of their piece of the pie. Canaccord reiterates its Buy rating on EXXI, citing its oil-weighted asset base, consistent cash generation and potential upside from its ultra-deep program.

    | Dec. 5, 2012, 2:47 PM
  • Dec. 5, 2012, 12:57 PM

    Dahlman Rose analysts say that while Freeport (FCX -13.8%) investors, who viewed the company as a copper play, may look down on today's deal, the miner's balance sheet will better enable the expensive development of Plains' (PXP +25.2%) deepwater fields as well as McMoRan's (MMR +82.4%) Davy Jones prospect. The firm reiterates its Buy rating and $45 price target on FCX.

    | Dec. 5, 2012, 12:57 PM | 3 Comments
  • Dec. 5, 2012, 12:45 PM
    Midday top 10 gainers: MMR +82%. EBOD +69%. MBLX +32%. PXP +26%. UEPS +25%. MITK +23%. AVAV +16%. CYCC +15%. CIE +15%. PLAB +13%.
    Midday top 10 Losers: CHTP -36%. LORL -35%. TIBX -21%. MFRM -21%. ANIK -20%. SINO -19%. BLIN -18%. P -17%. THQI -17%. FIZZ -15%.
    | Dec. 5, 2012, 12:45 PM | 1 Comment
Company Description
We engage in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. We have one of the largest acreage positions in the shallow waters of these areas, which are our regions of focus. Our focused strategy enables us to... More
Industry: Independent Oil & Gas
Country: United States