U.S. energy firms added oil and natural gas rigs for a second week in a row as higher oil prices prompted some drillers to return to the wellpad. The oil and gas rig count, an […]
HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today reported first-quarter 2021 earnings of $1.0 billion, or $0.75 per share, compared with a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share. Excluding special items, first-quarter 2021 adjusted […]
FORT WORTH, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan […]
HOUSTON (Reuters) – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a […]
MIDLAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS Previously […]
Exxon Mobil Corp (XOM.N) and the United Steelworkers union (USW) have agreed to an orderly transfer of the company’s Beaumont, Texas, refinery to temporary workers if a threatened lockout begins on Saturday, according to people familiar with […]
First Quarter 2021 Results and Management Perspectives Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove debt reduction of over $4 billion Lowered cash operating expenses versus the […]
Key Developments: Announced an oil discovery at Uaru-2 on the Stabroek Block, offshore Guyana; adds to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil […]
DENVER, April 26, 2021 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today provided preliminary financial and operational results for the first quarter of 2021. First Quarter 2021 Highlights […]
Eagle Ford Shale producer Sundance Energy Inc. emerged from Chapter 11 bankruptcy on April 23 as a privately held independent E&P based in Denver. In a company release, Sundance said it had emerged from the […]
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