MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER 2023 HIGHLIGHTS Average production of 273.1 MBO/d (462.6 MBOE/d) Net cash provided by operating activities of $1.6 billion; Operating …
MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately. Al Barkmann, currently Senior Vice President of Reservoir Engineering, has been promoted to Executive Vice President and Chief Engineer. Mr. Barkmann’s additional responsibilities will be to oversee …
Diamondback Energy Announces Executive Leadership Appointments and Promotions Read More »
HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the fourth quarter and full year 2023 and provided 2024 guidance. Fourth Quarter and Full Year 2023 Highlights Revenue for the fourth quarter of 2023 was $259.6 million compared to $218.9 million in the fourth quarter of 2022. Revenue …
Archrock Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance Read More »
Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion. Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share. CVR Partners (NYSE: UAN) declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per …
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies. In the oil versus gas contest, gas producers are losing out. Some are shutting in wells, canceling projects or …
Tumbling U.S. Natural Gas Prices Prove Unstoppable, Hurting Producers Read More »
HOUSTON, Feb. 20, 2024 /PRNewswire/ — Western Midstream Partners, LP (NYSE:WES) (“WES” or the “Partnership”) is aware of recent news coverage indicating that WES is working towards a sales process. WES has not launched a sales process nor has it engaged bankers or other advisors with a view toward doing so. We are aware, as …
Western Midstream Statement Regarding Recent Media Coverage Read More »
All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Feb. 20, 2024 /PRNewswire/ – Gibson Energy Inc. (“Gibson” or the “Company”) announced today its financial and operating results for the three and twelve months ended December 31, 2023. The Company also announced the pending retirement of its President and Chief Executive Officer, Steve Spaulding. …
The premium for prompt U.S. crude futures to the second-month contract more than doubled on Tuesday, hitting a high of $1.71 a barrel – its widest level in roughly four months. The structure, known as backwardation, occurs when the front-month contract is at a premium to later-dated contracts and can indicate tightness in the market. …
Prompt U.S. Crude Futures Jump to Steep Premium Over Later-Dated Contracts Read More »
Compensation talks were under way following the expropriation earlier this month of a plant at a major Mexican oil refinery that was sold to France’s Air Liquide several years ago, the company’s chief executive said on Tuesday. Mexico’s energy ministry announced the expropriation of the hydrogen plant at the Tula refinery, owned and operated by …
After Plant Expropriation in Mexico, Air Liquide Says Compensation Talks Under Way Read More »
ExxonMobil has warned it would withhold billions of dollars in climate-related investments in Europe unless Brussels cuts environmental red tape, which the company blames for the “deindustrialisation of the European economy”, the Financial Times reported on Tuesday. Exxon had $20 billion set aside for decarbonisation projects between 2022 and 2027, the newspaper reported, citing an …
Exxon Warns EU That Red Tape Might Push it to Invest Elsewhere, FT Reports Read More »
