Plains All American Announces Officer Appointments
January 4, 2023
HOUSTON, Jan. 04, 2023 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA ) …
EQT eliminates nearly 9,000 natural gas-powered pneumatic devices
January 4, 2023
Oil and Gas 360 PITTSBURGH, Jan. 4, 2023 /PRNewswire/ — EQT Corporation (NYSE: EQT), the largest producer of natural gas in the United States, today announced the completion of a $28 million company-wide initiative to eliminate 100% of its natural gas-powered pneumatic devices from its production operations. As a result of the initiative, EQT has reduced its methane emissions by
Patterson-UTI Energy provides update on expected fourth quarter financial results
January 4, 2023
Oil and Gas 360 HOUSTON, TX / ACCESSWIRE / January 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections. The Company also demonstrated its commitment during
NGL Energy Partners LP Announces Increase in Adjusted EBITDA Guidance, Indebtedness at December 31, 2022 and Appointment of New Chief Financial Officer
January 3, 2023
NGL Energy Partners LP (NYSE: NGL) (“the “Partnership” or “NGL”…
SM Energy announces officer retirements and new appointments
December 22, 2022
Oil and Gas 360 DENVER, Dec. 21, 2022 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced the retirement of Senior Vice President – Operations Newt Newton and Vice President – Human Resources Candace Lyon. Chief Executive Officer Herb Vogel comments: “Newt joined SM Energy in 2006, overseeing Midland Basin assets until 2020 when he assumed responsibility for Company-wide
Flotek appoints Bond Clement to role of Chief Financial Officer
December 20, 2022
Oil and Gas 360 HOUSTON, Dec. 19, 2022 /PRNewswire/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer. Mr. Clement began his career in 1993 within Arthur Andersen’s assurance services group focused primarily on energy related clients. He has more than 25
ROK Resources announces strategic Southeast Saskatchewan asset acquisition
December 19, 2022
BOE Report REGINA, SK – ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) (TSXV:ROK.WT) is pleased to announce that it has entered into an Asset Exchange Agreement (the “Acquisition“) to acquire certain oil & gas assets (the “Assets“), currently producing approximately 1,500 boe/d (69% Liquids), in Southeast Saskatchewan from an Intermediate Energy Producer (“Intermediate Energy Producer“) in exchange for total consideration of:
Permian Resources announces changes to senior leadership
December 15, 2022
World Oil (WO) — Permian Resources Corporation announced the pending retirements of two executive officers of the Company, along with their respective succession plans on Dec. 14. Permian Resources’ Board of Directors expects to appoint Steve Gray as non-executive Chairman of the Board, succeeding Sean Smith, who has notified the Board of his plans to retire from the Board,
Petrobras sheds $41 billion in market value in 2 months
December 15, 2022
Oil Price Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value on Wednesday after the country’s lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms. The preferred shares of the oil and gas giant dropped 7.9% on Tuesday’s session, while the common shares fared
Exxon lifts share buyback to $50 billion after record profit
December 9, 2022
World Oil (Bloomberg) — Exxon Mobil Corp. raised its annual share buyback by about 10%, six weeks after the oil giant posted its highest profit in its 152-year history. Exxon will now repurchase $50 billion of stock through 2024, expanding its previous plan of $30 billion through 2023, the Irving, Texas-based company said in a statement. The buyback will
PDC Energy declares quarterly cash dividend and additional special dividend on common shares
December 8, 2022
Oil and Gas 360 DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC’s outstanding common stock. The dividends are payable on December 28, 2022, to stockholders of record at the close of business on December 19,
California Resources Corporation announces carbon dioxide management agreement for CTV’s first permanent carbon storage project
December 8, 2022
Oil and Gas 360 LONG BEACH, Calif.–(BUSINESS WIRE)– California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons (MT) of carbon
