Africa Oil Corp. Acquires Shares of Africa Energy Corp.
May 4, 2018
Africa Oil Corp. Acquires Shares of Africa Energy Corp.
Nigeria, China Seal $2.4 Billion Currency-Swap Deal
May 4, 2018
From Vanguard News Nigeria Nigeria and China have signed a currency-swap agreement worth $2.4 billion to boost commercial ties and reduce the need to use dollar in their bilateral trade. Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, led CBN officials while Governor of People’s Bank of China (PBoC), Dr. Yi Gang, led the Chinese team at the
Enterprise Products Partners to Participate in Investor Conferences
May 4, 2018
Enterprise Products Partners to Participate in Investor Conferences
EOG Reports Highest Adjusted Earnings Since 2014
May 4, 2018
EOG achieves its fourth-highest adjusted earnings ever EOG Resources (ticker: EOG) announced first quarter results today, showing net earnings of $638.6 million, or $1.10 per share. After adjusting for non-recurring charges, the company earned $689.5 million, or $1.19 per share. This is the largest adjusted earnings reported by EOG since before the downturn, and the fourth-highest adjusted earnings ever reported
Land-Based Rigs Breach 1,000, First Time in Three Years
May 4, 2018
Total rig count up to 1,032 U.S. drilling activity continued its steady growth this week, as WTI prices came within a few cents of $70/bbl. Eleven rigs came online this week, meaning the rig count has only decreased once in the past 13 weeks. Thera are now 1,032 rigs drilling in the U.S., the highest rig count since March 2015.
Cash-Rich Thai Explorer Eyes Assets Worth Up to $1 Billion
May 4, 2018
From Bloomberg Thailand’s PTT Exploration & Production Pcl is ready to shell out as much as $1 billion on an overseas petroleum asset this year, and possibly more, as it tries to prop up growth amid falling reserves. The upstream unit of state-controlled PTT Pcl is in talks to purchase a stake in oil, natural gas or liquefied natural gas assets in
PermRock Royalty Trust Declares Cash Distribution
May 4, 2018
PermRock Royalty Trust Declares Cash Distribution
Bakken Shale Getting Back ‘In-the-Money’ With U.S. Oil Nearing $70
May 4, 2018
From Bloomberg With breakthroughs in drilling technology reducing costs and crude oil prices near $70 a barrel, wells in North Dakota are turning into cash cows. The cost of getting oil and gas to the surface in North Dakota’s Bakken field has fallen, recently hitting $41 to $50 a barrel for the top-quartile wells in the region, according to a
Westcoast Energy and Union Gas Declare Dividends
May 4, 2018
Westcoast Energy and Union Gas Declare Dividends
California Resources Corp. Shares Up Over 25%
May 4, 2018
California Resources Corp. Shares Up Over 25%
Parsley Reports Company Record in the Delaware Basin
May 4, 2018
16% sequential production growth on accelerated non-op activity Parsley Energy (ticker: PE) announced first quarter results today, showing net income of $82.9 million, or $0.32 per share. This result significantly exceeds the $49.9 million in net income Parsley earned in Q4, and this quarter’s $282.3 million in adjusted EBITDAX represents a 30% sequential increase. Parsley produced an average of 93.4
