Companies - News
Whiting Petroleum posted a profit on Oct. 30 that easily topped analysts' third-quarter forecasts, as higher domestic oil prices and oil production growth boosted results.
U.S. LNG company Tellurian Inc. will not be buying Toshiba Corp’s (6502.T) 20-year commitment at Freeport LNG export terminal in Texas, a senior company executive told Reuters on Oct. 31.
John Applegath joins HHEX, a privately-held company with upstream and midstream operations in the Appalachian Basin, after recently retiring from Range Resources.
Sanchez Energy said Cameron W. George has been appointed as interim CFO following the resignation of Howard J. Thill from the Houston-based oil and gas producer in the Eagle Ford Shale.
Shares of U.S. oilfield services provider Weatherford International fell sharply after the company's free cash flow and fourth-quarter guidance fell below analysts' expectations.
Marcellus Shale-focused Cabot Oil & Gas, which gets bulk of its revenue from natural gas, said average production rose 10% to 2.03 billion cubic feet in the third quarter.
Shares in EQT, the biggest producer of natural gas in the U.S., fell to an eight-year low on Oct. 25 after the company reported third-quarter earnings that missed analyst estimates.
EQT said David Schlosser Jr., senior vice president and president of E&P, and others have stepped down from their positions as the company prepares for its upstream/midstream separation.
Felix Energy, an oil producer with operations in the Permian Basin, is exploring a sale that could value the company at more than $3.5 billion, Reuters reported unnamed sources said.
ConocoPhillips received $345 million in cash and commodities last quarter from Venezuelan state oil firm PDVSA as part of a first installment under a settlement to satisfy a $2 billion arbitration award.
Pioneer Natural Resources warned investors that it expected a $135 million hit to earnings during the third quarter due to losses on oil hedges, according to filings.
An Exxon Mobil spokesperson said the company looks forward to refuting the allegations by the New York attorney general "as soon as possible and getting this meritless civil lawsuit dismissed."