Companies - News

Whiting Petroleum's Profit Beats On Oil Production Growth

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.

October 31, 2018

Tellurian Not Buying Toshiba’s Freeport LNG Volumes, To Focus On Driftwood

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.

October 31, 2018

Retired Range Resources Exec John Applegath Returns To Appalachian Basin

John Applegath joins HHEX, a privately-held company with upstream and midstream operations in the Appalachian Basin, after recently retiring from Range Resources.

October 30, 2018

Sanchez Energy Names Cameron George As Interim CFO

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.

October 30, 2018

Weatherford Shares Sink On Cash Flow Miss, Bleak Fourth-Quarter Outlook

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.

October 29, 2018

Cabot Oil & Gas Expects Jump In 2019 Marcellus Shale Production

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.

October 26, 2018

EQT Shares Slump To Eight-Year Low On Third-Quarter Earnings Miss

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.

October 26, 2018

EQT Executives Step Down As Company Prepares For Transformation

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.

October 25, 2018

Permian E&P Felix Energy Hires Jefferies To Seek Sale, Sources Say

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.

October 25, 2018

ConocoPhillips Gets $345 Million From Venezuela's PDVSA Arbitration Settlement

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.

October 25, 2018

Pioneer Natural Resources Sees $135 Million Hit From Hedges

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.

October 25, 2018

New York Sues Exxon Mobil For Misleading Investors On Climate Change Risk

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." 

October 24, 2018