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Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras

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Company to provide well construction services in Buzios field offshore Brazil Positions Baker Hughes as integrated solutions supplier for Petrobras HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil. The …

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BP Plans Return of Whiting, Indiana Refinery in March, Sources Say

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BP Plc plans to return its 435,000 barrel-per-day Whiting, Indiana refinery, the largest in the U.S. Midwest, to full production in March, said people familiar with plant operations on Wednesday. BP plans to begin restarting the refinery in the last week of February and bring refinery production to full in March, the sources said. A …

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Chord Energy and Enerplus to Combine in $11 billion Transaction Creating Premier Williston-Focused E&P Company With Top-Tier Shareholder Returns

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, Press Releases, US News / By

Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant Opportunity to Enhance Returns through Efficiencies and Expanding Three-Mile Lateral Opportunities Transaction Accretive to Key Metrics  While Preserving Low Leverage; …

Chord Energy and Enerplus to Combine in $11 billion Transaction Creating Premier Williston-Focused E&P Company With Top-Tier Shareholder Returns Read More »

Western Hemisphere Oil Output Surges, With a Helping Hand From OPEC – John Kemp

Conventional Energy, Latest, Oil, US News / By

Oil producers in the Western Hemisphere have captured all the increase in global oil consumption over the last decade, reversing the previous trend towards production becoming concentrated in the Eastern Hemisphere. With consumption growth increasingly focused on the Eastern Hemisphere, the predominant east-to-west flow of crude oil and refined products across the oceans has been reversed, transforming …

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U.S. Natgas Prices Soar 10% From 3-1/2-year Low as Chesapeake Cuts Output

Conventional Energy, Latest, Natural Gas, US News / By

 U.S. natural gas futures soared by about 10% on Wednesday after Chesapeake Energy – soon to be the biggest U.S. gas producer after its merger with Southwestern Energy – cut the amount of gas it plans to produce in 2024 due to the recent plunge in gas prices to a 3-1/2-year low.  See Chesapeake press …

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Chesapeake reports fourth quarter and full-year 2023 financial and operating results and issues 2024 outlook

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OKLAHOMA CITY, Feb. 20, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highlights: Net cash provided by operating activities of $470 million Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per …

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Chesapeake Energy Tops Quarterly Estimates, Cuts Production Views

Energy Topics & Technology, Exploration & Production, Latest, US News / By

(Reuters) – Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the U.S. natural gas producer tackled weak commodity prices with lower operating expenses. Chesapeake shares fell about 2% in aftermarket trading as the company forecast a 20% drop in spending on baseline production this year. Its fourth-quarter shareholder returns also fell sharply …

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results

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MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER HIGHLIGHTS Q4 2023 average production of 24,533 bo/d (43,783 boe/d) Received $2.4 …

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results Read More »

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results

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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 …

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Diamondback Energy Announces Executive Leadership Appointments and Promotions

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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 …

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