Companies - News
As a result, W&T Offshore appointed Janet Yang, currently vice president of corporate and business development of the Houston-based E&P, as acting CFO.
ExxonMobil signs a letter of intent; XTO Energy to be a shipper on pipeline.
Robert McNally, who has been with EQT since March 2016 when he joined as senior vice president and CFO, will take the helm upon completion of its upstream and midstream business separation.
MEG Energy Corp.’s board of directors has unanimously appointed Derek Evans to the position of president and CEO on Aug. 8, effective immediately.
Production rose 6% to 639,000 barrels of oil equivalent per day. Output jumped in the Permian and Oman, a key international area of operations for the company.
Oil States named Robert Potter, retired FMC president, as its new chairman following the resignation of its former chairman and shale pioneer, Mark G. Papa.
Continental bumped the lower end of its 2018 annual production guidance by 5,000 boe/d on strong performance in the Bakken shale and improved operational efficiencies.
Net income fell to $66 million, or 38 cents per share, in the second quarter ended June 30, from $233 million, or $1.36 per share, a year ago.
Oil and gas company Energen Corp. (NYSE: EGN) beat quarterly profit estimates on August 7, helped by new well designs and higher oil prices, prompting it to forecast a rise in production for the rest of the year.
Exxon Mobil released a copy of the SEC's letter disclosing an end to its investigation and said in a statement that it had supplied more than 4.2 million pages of documents as part of the probe.
Noble Energy reported weaker-than-expected quarterly profit and plans to reallocate some near-term investments outside of the Permian Basin due to supply constraints.
EOG grew its total crude production by 15% from a year ago to a company record of 384,600 barrels per day, pushing profit for the quarter to $696.7 million from $23.1 million a year earlier.