In-basin sand is saving $500,000 per well By Richard Rostad, analyst, Oil & Gas 360 Parsley Energy (ticker: PE) announced first quarter results today, showing a net loss of $24.1 million, or ($0.09) per share. After excluding derivative losses and other special items, Parsley earned an adjusted $62.3 million, or $0.22 per share in the quarter. The company produced 125.4
Cash flow positive at current prices, midstream assets provide uplift By Richard Rostad, analyst, Oil & Gas 360 WPX Energy (ticker: WPX) announced first quarter earnings today, showing a net loss of $48 million, or ($0.11) per share. The rising oil prices resulted in a $207 million derivative loss this quarter, if this and other special charges are excluded WPX
Pembina Pipeline Corporation Declares Increased Common Share Dividend
Pembina Pipeline Corporation Reports First Quarter Results
From the Houston Chronicle Executives with Weatherford International are asking stockholders to vote for a reverse stock split plan that they believe will prevent the struggling oilfield service company from being delisted on New York Stock Exchange. As the company prepares to report its first quarter earnings on May 8, Weatherford’s board of directors released ballots on late Tuesday afternoon
Blueknight Energy Partners, L.P. Announces Timing of First Quarter 2019 Financial Results and Conference Call
From Bloomberg In a corner of outback Australia, a drilling crew will soon try tapping shale rocks that could hold more than three times the world’s annual consumption of natural gas. Origin Energy Ltd. plans to drill two wells later this year in the Northern Territory’s Beetaloo Basin, after the local government ended a three-year ban on fracking — the practice
From Reuters The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as part of its efforts to ease transatlantic trade tensions and reduce its reliance on Russian gas. U.S. Energy Secretary Rick Perry and EU Energy Commissioner Miguel Arias Canete hold a joint news conference at the EU Commission headquarters
Suncor Energy reports voting results from Annual General Meeting
From Reuters Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday. Exxon will add a plant producing 400,000 tons of polymers a year and an olefins plant that will produce 350,000 tons of feedstocks for polyethylene, waxes and lubricating oils at Baytown by
From Bloomberg Shale producers don’t seem to be getting the message. That’s the take from Houston-based Tudor Pickering Holt & Co., which had a few choice words for U.S. oil explorers that are hiking capital budgets at a time when investors are begging for discipline. “We’re struggling to comprehend why, when buy side, sell side, talking heads, and taxi drivers
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