DJ Basin producer Bonanza Creek Energy, Inc. (stock ticker: BCEI) has hired Brant H. DeMuth as its CFO, effective Nov. 14, 2018. To join Bonanza Creek, DeMuth exits his post as VP of Finance and Treasurer at Denver-based SRC Energy Inc. (stock ticker: SRCI). Prior to joining SRC Energy, DeMuth served as Interim CFO of DJ Resources, LLC and as EVP of strategy and corporate development of
From Investor’s Business Daily Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder. Chevron and Exxon are reportedly submitting first round bids for privately held Endeavor, sources told Bloomberg. Shell is considering participating and Conoco is also reportedly interested. Endeavor could be
Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade Pioneer Natural Resources Company (stock ticker: PXD) said it is selling its pressure pumping assets–Pioneer Pumping Services–to Midland-based ProPetro Holding Corp. (stock ticker: PUMP), and in the process locking up dedicated
From Bloomberg Prospects for a milder winter in Asia may make the frenzied seasonal hunt for liquefied natural gas less likely this year and hurt the outlook for prices, which have tumbled for the past seven weeks. Weather across North Asia is expected to be warmer this winter than last year, according to four forecasters surveyed by Bloomberg, who added
From Bloomberg Norway is girding for a no-deal scenario after Brexit as leaders of both countries are poring through the details to avoid disruptions to massive natural gas flows and other trade. On Monday, Norway’s Trade Minister Torbjorn Roe Isaksen met with International Trade Secretary Liam Fox in London, discussing Brexit and the future relationship between the two countries after
From Bloomberg OPEC sees demand for its own crude falling even faster than expected in 2019 as a slowing global economy crimps demand and rival supplies surge. The figures, published in the cartel’s monthly report, underline why Saudi Arabia and some other members are talking about cutting production again. The data could bolster their case for a significant supply reduction
From Reuters Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook 2018 that energy demand would grow
From The Wall Street Journal Oil prices may have weakened recently, but they’re up strongly from lows just a few years back. Few executives, however, at the world’s integrated oil giants have been talking about ramping up spending. That raises a big question: Can companies keep a lid on spending and keep the crude flowing? The oil business works like
Greenkraft has received several orders worth hundreds of thousands of dollars and will be delivering very soon!
Omnitek Engineering Reports Third Quarter and Nine-Month Results
Simple Math Shows Permex Petroleum Appears Deeply Undervalued
Pioneer Natural Resources Announces Divestiture of Pioneer Pumping Services Assets and Long-Term Agreement with ProPetro
