85% of drilling CapEx will go to the Delaware By Richard Rostad, analyst, Oil & Gas 360 Cimarex Energy (ticker: XEC) announced fourth quarter results and reserves today, showing $316.2 million in net income, or $3.32 per share. This result is nearly double the $174.7 million the company earned in Q4 2017, though when results are adjusted for special charges
Pembina Pipeline Corporation Reports Record Annual Results in 2018
CapEx plan drops 23%, funded at $50 WTI By Richard Rostad, analyst, Oil & Gas 360 WPX Energy (ticker: WPX) announced fourth quarter results and reserves today, showing net income of $353 million, or $0.83 per share. This result was primarily due to derivatives, and if these and other special charges are excluded, WPX earned an adjusted net income of
Pioneer also names new chairman Pioneer Natural Resources Chairman Scott Sheffield returned as CEO today. In a surprise shift in the corner office that is effective immediately, Pioneer Natural Resources Company (stock ticker: PXD, $PXD) let the world know this afternoon that Timothy L. Dove has retired as CEO and director and that its board chairman, Scott D. Sheffield, will
From Bloomberg Mexico President Andres Manuel Lopez Obrador has suspended future Petroleos Mexicanos farm-out bids, putting one of the final nails in the coffin for the 2014 energy reforms that promised to reverse years of oil-production declines with private companies’ involvement. “What is already agreed will continue on course,” said Pemex Chief Executive Octavio Romero during the president’s morning conference. He also
From Bloomberg They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market. In normal times, the vessels would be filled with heavy, high sulfur Middle East oil for delivery to refineries in places like Houston
From Reuters Cenovus Energy is pressing ahead with aggressive plans to transport more crude by rail, contrasting itself with peers who have hit the brakes, as the Canadian oil producer bets that pipeline bottlenecks are likely to return. Pipeline congestion depressed Canadian oil prices last year, prompting Cenovus and other producers to increase their reliance on rail to move crude
From Reuters DoublePoint Energy’s private equity owners are exploring a potential sale of the Permian Basin oil producer later this year that could value the company at as much as $5 billion, including debt, sources familiar with the matter said on Thursday. A potential deal would involve one of the largest privately-owned businesses in Texas’ Midland Basin, and provide an
Canfor Pulp Products Inc. Announces 2018 and Fourth Quarter of 2018 Results and Quarterly Dividend
Canfor Reports Results for 2018 and Fourth Quarter of 2018
Epsilon Energy Provides 2019 Capital and Production Guidance
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