From the Corpus Christi Caller Times
The Port of Corpus Christi has made its concerns about a proposed offshore oil terminal plainly clear — it doesn’t …
From Reuters
MIDLAND, Texas (Reuters) – The west Texas drillers that drove the shale revolution have overwhelmed the region’s infrastructure with oil production, driving up costs, depressing regional oil prices and slowing the pace of growth.
The U.S. government continues …
From KWTX
KOSSE, Texas (KWTX) U.S. Silica cut the ribbon Tuesday on an $8 million expansion project and its sand mine and processing facility in Kosse in Limestone County.
The sand mined and produced at the plant is primarily used …
From Madison.com
Domestic drilling for oil and natural gas is expected to drive “extreme” demand for the frac sand prevalent throughout western Wisconsin.
The value of proppant sand will exceed $4 billion this year and is expected to grow to …
Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.
From Albuquerque Journal
The oil and gas boom in southeastern New Mexico and West Texas is pushing electricity demand on Xcel Energy’s grid to all-time records.
The regional transmission network delivered 6.15 gigawatts of electricity to customers on July 19, …
Atlas Sand Company, LLC has announced the grand opening of its Kermit, TX facility. On July 29, 2018, the first scheduled deliveries of frac sand from the Atlas Kermit site were fulfilled. The Kermit facility’s anticipated production capacity is currently …
Magellan Midstream Partners, L.P. (NYSE: MMP) announced an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 …
From Reuters
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s (BP.L) shale business turn a profit for the first time.
Thousands of automated wells feed data on their performance into the firm’s …
From the Daily …
From LNG World Shipping
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has completed its first LNG carrier …
From PR News Wire
On June 1st, 2018, Vaquero Midstream began processing rich natural gas through its 2nd 200 MMCFD UOP Russell cryogenic processing plant at the Caymus Natural Gas Processing Facility in Pecos County, Texas. Caymus II became operational …
From Business Wire
Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today announced the closing of the previously announced sale of its Anadarko Basin producing properties located in the Texas panhandle and western Oklahoma for $58 million. The …
From Bloomberg
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other.
With natural gas …
Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750.
The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 …
Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter.
CEO Frank D. …
Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 …
Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end …
RSP Permian Inc. (ticker: RSPP) posted a Q1 2018 net income of $89.6 million, or $0.57 per diluted common share. Production for the quarter increased 39% to 62.8 MBOEPD (72% oil, 87% liquids) compared to Q1 2017.
The company …
Chesapeake Energy Corporation (ticker: CHK) reported net income available to common stockholders of $268 million, or $0.29 per share for Q1 of 2018. Chesapeake’s average daily production for the first quarter of 2018 was approximately 554,000 BOE, compared to approximately …
Concho Resources Inc. (ticker: CXO) bought home a net income of $835 million, or $5.58 per diluted share for Q1 2018. Last year at this reporting period, Concho had a net income of $650 …
Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017.
Encana’s …
Andeavor (ticker: ANDV), formerly known as Tesoro, will be partnering up with Phillips 66 Partners (ticker: PSXCP) and Buckeye Partners, L.P. (ticker: BPL) in two projects that …
PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC …
The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin …
Permian-based Rosehill Resources Inc. (ticker: ROSE) reported a Q4 2017 net loss of $5.3 million, or $(0.87) per diluted share. For the full year of 2017, the company reported a loss of $8.5 million, or $(1.43) per share.
In 2017, …
From Forbes
You’ve no doubt heard that everything’s bigger in Texas. That’s more than just a trite expression, and I’m not just saying that because Texas is home to U.S. Global Investors.
Want to know how big Texas really is? …
Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not …
Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to common stockholders of $13.7 million, or $(0.58) per share for Q4 2017. For 2017, the company had a net loss of $42.6 million, or $(1.92) per share. Net …
Total net energy imports to the United States fell to 7.3 quadrillion BTUs (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and …
