Sunday, June 29, 2025

Centennial Waits for A More Favorable Oil Market

“We don’t intend to pursue significant production growth in a $55 oil world” By Richard Rostad, analyst, Oil & Gas 360 Centennial Resource Development (ticker: CDEV) announced fourth quarter results and reserves today, showing earnings of $31.0 million, or $0.12 per share. This is almost perfectly in line with Centennial’s Q4 2017 results, when the company earned $30.5 million. Full-year

Range Eyes Debt Reduction With Free Cash Proceeds

Moderate growth can produce $1.2 billion in free cash over next five years By Richard Rostad, analyst, Oil & Gas 360 Range Resources (ticker: RRC) announced fourth quarter results and reserves today, showing $52.5 million in net income, or $0.21 per share. Range produced 2.15 Bcfe/d in Q4, and 2.20 Bcfe/d overall in 2018. Range reports its Q4 output was

LNG Exporter Cheniere Sues Former CEO Souki

From Reuters Cheniere Energy Inc, the largest U.S. liquefied natural gas exporter, sued its former chairman and chief executive officer, Charif Souki, alleging he conspired to help finance a joint venture that led to the formation of rival Tellurian Inc. Cheniere is seeking re-payment of a $46 million loan to Parallax Enterprises in 2015 that Souki helped arrange, according to

SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

From The Wall Street Journal The Securities and Exchange Commission asked a federal judge on Monday to hold Tesla Inc. Chief Executive Elon Musk in contempt of court over tweets he made last week discussing the auto maker’s 2019 projected production volumes. In a court filing, the SEC said Mr. Musk violated a condition of his settlement with the regulator last year,

Green New Deal Could Cost $93 Trillion

From Bloomberg Representative Alexandria Ocasio-Cortez’s ambitious plan to fight climate change won’t be cheap, according to a Republican-aligned think tank led by a former Congressional Budget Office director. The so-called Green New Deal may tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from from 2003 to

Half-Billion Dollars of Sanction-Stained Oil Sits Off Venezuela

From Bloomberg Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil. Tankers holding 8.36 million barrels of Venezuelan crude worth upwards of a half-billion dollars are floating off the country’s coast as the nation struggles to