Finance

Perpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update and 2020 Outlook

Perpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update and 2020 Outlook

April 1, 2020 - 1:16 pm Finance, Press Releases

Ameren Announces Pricing of Senior Notes Offering due 2031

Ameren Announces Pricing of Senior Notes Offering due 2031

March 31, 2020 - 5:14 pm Finance, Press Releases
Select Energy Services Provides Operational Updates And Strategic Actions In Response To Current Market Conditions

Select Energy Services Provides Operational Updates And Strategic Actions In Response To Current Market Conditions

HOUSTONMarch 31, 2020 /PRNewswire/ — Select Energy Services, Inc. (NYSE: WTTR) (“Select” or “the Company”), a leading provider of water management and chemical solutions to the U.S. unconventional oil and gas industry, today announced immediate strategic actions that …

Denbury Resources provides operational and financial update

Denbury Resources provides operational and financial update

Denbury Resources provides operational and financial update

Range Announces Updated 2020 Capital Program

Range Announces Updated 2020 Capital Program

FORT WORTH, Texas, March 31, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that it has reduced its 2020 all-in capital budget from $520 million to $430 million.  Range still expects to maintain production at approximately 2.3 …

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ: VNOM) (“Viper” or the “Company”) today provided an update to its oil hedge position for the remainder of 2020. The Company has now hedged the majority of …

Diamondback Energy, Inc. provides revised 2020 guidance and updated hedge positions.

Diamondback Energy, Inc. provides revised 2020 guidance and updated hedge positions.

MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided revised full year 2020 guidance and updated hedge positions.

Sasol’s Response to COVID-19 Lock Down in South Africa; Credit Rating and Oil Hedging Update, and Cautionary Statement

Sasol’s Response to COVID-19 Lock Down in South Africa; Credit Rating and Oil Hedging Update, and Cautionary Statement

March 31, 2020 - 2:58 am Finance, Press Releases
Source: Reuters

Column: Hedge funds trim short oil positions as prices hit crisis point

Reuters


LONDON – Hedge funds began trimming short positions in petroleum last week as crude oil prices fell to crisis levels for some producers and refiners and traders started to anticipate shutdowns at oilfields and refineries.

Extreme high and low …

Kayne Anderson Closed-End Funds Announce Postponement of Combined 2020 Annual Meeting of Stockholders

Kayne Anderson Closed-End Funds Announce Postponement of Combined 2020 Annual Meeting of Stockholders

March 30, 2020 - 8:00 am Finance, Press Releases
Pioneer Natural Resources CEO warns independent oil companies could go bankrupt if production continues amid coronavirus

Pioneer Natural Resources CEO warns independent oil companies could go bankrupt if production continues amid coronavirus

CNBC


Oil & Gas 360 Editor’s Note: Excellent CNBC Fast Money Interview with Scott Sheffield, CEO, Pioneer Natural Resources. Scott talks about several key points:

  • He has asked President Trump to get involved with the price war between Russia and

Laramide Resources Amends and Extends Credit Facility; Provides Corporate Update

Laramide Resources Amends and Extends Credit Facility; Provides Corporate Update

March 27, 2020 - 1:08 pm Finance, Press Releases
Tailwater Capital closes fourth fund with $1.1 billion in total commitments

Tailwater Capital closes fourth fund with $1.1 billion in total commitments

Tailwater Capital


DALLASMarch 26, 2020 /PRNewswire/ — Tailwater Capital LLC (“Tailwater”), a private equity firm based in Dallas, today announced that it has closed Tailwater Energy Fund IV LP (“Fund IV”) with $1.1 billion in capital commitments, …

Source: Houston Chronicle

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources

Reuters


WASHINGTON/NEW YORK – U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank’s derivatives exposure above a key regulatory threshold, according to two sources with knowledge …

Nickel Creek Platinum Announces Update on Non-brokered Private Placement

Nickel Creek Platinum Announces Update on Non-brokered Private Placement

March 26, 2020 - 8:00 am Finance, Press Releases

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

March 25, 2020 - 4:52 pm Finance, Press Releases

Desjardins Investments announces changes to the Responsible Investing Policy of the SocieTerra line and the reduction of the risk level of some Desjardins Funds

Desjardins Investments announces changes to the Responsible Investing Policy of the SocieTerra line and the reduction of the risk level of some Desjardins Funds

March 25, 2020 - 4:30 pm Finance, Press Releases

Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces New Credit Facilities, Appointment of New Board Members and Management Changes

Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces New Credit Facilities, Appointment of New Board Members and Management Changes

March 25, 2020 - 8:01 am Finance, Press Releases

Contura Announces Partial Draw Down of Revolving Credit Facility

Contura Announces Partial Draw Down of Revolving Credit Facility

March 23, 2020 - 5:18 pm Finance, Press Releases
Permian operators slash 2020 plans as oil market craters

Permian operators slash 2020 plans as oil market craters

Enverus

Oil & Gas 360 Publishers Note: This blog from Erin Faulkner at Enverus is an excellent summary of the  top operators in the Permian and their financial updates. Enverus has over 1,700 employees and has customers in over 50

Source: Reuters

Futures Movers: U.S. oil prices post weekly loss of 29%, biggest since 1991

Oil settled sharply lower on Friday, with U.S. prices down 29% for the week—the largest weekly loss since 1991—as economic stimulus plans from government and central banks fail to offset expectations for steep fall in demand due to coronavirus pandemic, …

March 20, 2020 - 10:37 pm Crude Oil News, Energy News, Finance, Press Releases

Altura Energy Inc. Announces Q4 2019 Financial and Operating Results and Operational Update

Altura Energy Inc. Announces Q4 2019 Financial and Operating Results and Operational Update

Stock market crash: here’s why Warren Buffett isn’t afraid

Stock market crash: here’s why Warren Buffett isn’t afraid

The Motley Fool


Oil & Gas 360 Publisher’s Note: This is an opinion piece and we do not endorse outside opinions. That said, it is an interesting read.  

The World Health Organization (WHO) officially declared the coronavirus as a pandemic …

March 19, 2020 - 11:00 am Energy News, Finance, Industry Insights & Opinions

InPlay Oil Corp. Announces its 2019 Financial, Operating and Reserves Results Highlighted by a 20% Increase in Adjusted Funds Flow over 2018

InPlay Oil Corp. Announces its 2019 Financial, Operating and Reserves Results Highlighted by a 20% Increase in Adjusted Funds Flow over 2018

March 18, 2020 - 8:00 am Finance, Press Releases
Capitol Report: Here are the industries that could get coronavirus aid from the U.S. government

Capitol Report: Here are the industries that could get coronavirus aid from the U.S. government

Democratic and Republican lawmakers also are working on broad stimulus measures that could help other industries facing financial problems as well as the workers they employ. Senate Majority Leader Mitch McConnell on Tuesday said the Senate will pass a new …

Ameren Missouri Announces Pricing of First Mortgage Bonds Offering due 2030

Ameren Missouri Announces Pricing of First Mortgage Bonds Offering due 2030

March 17, 2020 - 6:26 pm Finance, Press Releases
Source: Reuters

Hess, Concho, Callon join Exxon in tightening budget amid oil crash

Reuters


U.S. producers Hess Corp, Concho Resources Inc and Callon Petroleum Co on Tuesday followed oil major Exxon Mobil Corp in cutting their spending for the year, as oil prices continued to trade below $30 a barrel.

Oil producers are …

Callon Reduces 2020 Capital Program by Over 25% and Provides Operational and Hedging Updates

Callon Reduces 2020 Capital Program by Over 25% and Provides Operational and Hedging Updates

Callon Petroleum Company (NYSE: CPE) today provided an update on its 2020 development program, prioritizing free cash flow and financial flexibility in 2020 and beyond. The revised plan accounts for recent changes in the macroeconomic outlook, including the following highlights:…

Concho Resources Inc. Provides Update to 2020 Capital Program

Concho Resources Inc. Provides Update to 2020 Capital Program

The Company has reduced its 2020 capital program to approximately $2 billion from the $2.6 to $2.8 billion range previously announced. The revised capital range is approximately 25% lower than the Company’s prior capital spending expectations for the year.

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

EnLink Midstream Announces 30% Reduction to 2020 Capital Expenditures and Prioritizes Financial Flexibility

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that, in response to recent commodity price and market volatility, it has reduced its 2020 total capital expenditures, net to EnLink guidance by approximately 30%.

March 17, 2020 - 6:30 am Closing Bell Story‎, Finance, Midstream, Press Releases