PrimeEnergy Resources Corporation Set to Join Russell 3000® Index
10 Junho 2019 - 9:39AM
Business Wire
PrimeEnergy Resources Corporation is set to join the
broad-market Russell 3000® Index at the conclusion of the 2019
Russell indexes annual reconstitution, effective after the US
market opens on July 1, according to a preliminary list of
additions posted June 7.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 10, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About PrimeEnergy Resources
Corporation:
PrimeEnergy Resources Corporation is an independent oil and gas
company actively engaged in acquiring, developing and producing oil
and natural gas. The Company’s common stock shares are traded in
the NASDAQ stock market under the symbol “PNRG.”
The Company is headquartered in Houston, Texas, with operating
offices in Midland, Texas, Oklahoma City, Oklahoma, and Charleston,
West Virginia. PrimeEnergy owns leasehold, mineral and royalty
interests in producing and non-producing oil and gas properties
across the continental United States. The Company operates
approximately 1,400 active wells and owns non-operating and royalty
interests in over 800 additional wells.
Operations are conducted through the Company’s principal offices
in Houston, Texas, and district offices in Oklahoma City, Oklahoma,
Midland, Texas, and Charleston, West Virginia, with field offices
in Oklahoma, Texas and West Virginia. Through its equipment
companies, the Company provides well service support operations,
site preparation and construction services for drilling and
re-working operations, both in connection with the Company’s
activities and providing contract services for third parties.
If you have any questions on this release, please contact Connie
Ng at (713) 735-0000 ext 6416.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $16
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190610005382/en/
Connie Ng713-735-0000
PrimeEnergy Resources (NASDAQ:PNRG)
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