From the Charlotte Business Journal
Wells Fargo & Co. (NYSE: WFC) on Friday announced its agreement to a consent order with the Federal Reserve System, following the bank’s …
The nation’s largest state independent oil and gas association has come out in favor of keeping the North …
WPX Energy (ticker: WPX) announced its exit from the San Juan Basin, selling its assets in the Gallup oil play.
WPX …
China took the crown as the world’s largest crude oil importer in 2017, according to a note released by the EIA today.
China imported an average of 8.4 MMBOPD in 2017, compared with 7.9 MMBOPD for …
Stone Energy Corporation (ticker: SGY) estimates that its 2018 capital expenditure budget will reach up to $212 million. The budget allocates 36% to exploration, 27% to development and 37% to P&A expenditures.
Interim CEO and President James M. Trimble said, …
Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016.
Fourth quarter 2017 …
Silver Run Acquisition Corporation II will have approximately $1.042 billion in its trust account to complete the business combination of Silver Run II, Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. The new company will be called Alta Mesa Resources, …
The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …
EnerCom Dallas presenter GeoPark Limited (ticker: GPRK) recently received an independent appraisal of reserves covering 100% of the company’s assets in Colombia, Chile, …
The Saudi government is embarking on a campaign of damage control after the abrupt detentions of wealthy businessmen spooked the foreign investors it needs to diversify its economy and list the world’s largest energy company.…
From Bloomberg
The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according …
U.S. Elba Island is example
From Reuters
VANCOUVER (Reuters) – The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking.
The booming sector’s next-generation infrastructure is being designed for a …
U.S. crude oil production exceeded 10 MMBOPD in November 2017, a milestone that has not been surpassed for 47 years.
According to the EIA, the U.S. produced 10.038 MMBOPD in November, the …
Drilling activity decreased slightly this week, with only minor changes in most categories, according to Baker Hughes Weekly Rig Count.
The total number of rigs active in the U.S. dropped by one, falling …
PetroQuest (ticker: PQ) announced 2017 reserves today, showing a 36% increase in reserves; The company also announced the divestiture of its offshore Gulf of Mexico assets.
Reserves grow PetroQuest now holds 156 Bcfe in reserves, …
Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month.
Estimated sales …
Weatherford International plc (ticker: WFT) reported a net loss of $1.94 billion, or a loss of ($1.95) per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 …
Exxon Mobil Corporation (ticker: XOM) reported 2017 earnings of $19.7 billion, compared to $7.8 billion in 2016 – this represents a 151% increase. Non-cash asset impairments of $1.5 billion were recorded during the year, mainly due to upstream assets.
Q4 …
Chevron Corporation (ticker: CVX) reported earnings of $3.1 billion for Q4 2017. For reference, in Q4 2016 the company made $415 million. Q4 2017 earnings include non-cash tax benefits of $2.02 billion, related to the U.S. tax reform and a …
Core Laboratories (ticker: CLB) announced full year results today, showing net earnings of $21.7 million, or $0.49 per share. Core earned a net $83.1 million over the full year, or $1.88 per …
Readers of pre-millennial vintage may recall the 2008 presidential campaign when Republicans and especially Sarah Palin picked up the chant “drill, baby, drill” as a response to soaring oil prices. The theme was much derided, …
From Bloomberg
The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as …
From Bloomberg
Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping …
From Reuters
NEW YORK (Reuters) – Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas …
From the Washington Post
The Trump administration is poised to ask Congress for deep budget cuts to the Energy Department’s renewable energy and energy efficiency programs, slashing them by 72 percent overall in fiscal 2019, according to draft budget documents …
Houston-based Erin Energy Corporation (ticker: ERN) completed the drilling of the Oyo-NW well, concluding it has discovered hydrocarbons in the Miocene formation.
The well is located approximately 9.5 kilometers northwest of the Oyo Central field on the company’s offshore Nigeria …
Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017.
Core Laboratories (ticker: CLB) announced management changes at the highest levels as part of its Q4 and 2017 earnings release:
