Crude Oil News

Exclusive: Strive Asset Management at EnerCom Dallas-The Energy Investment & ESG Conference®

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Strive is an Ohio-based firm whose mission is to restore the voices of everyday citizens in the American economy by leading companies to

Exclusive: Studio X at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: Studio X at EnerCom Dallas-The Energy Investment & ESG Conference®

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Studio X is a group of scientists, designers, developers, and entrepreneurs creating new products that reimagine exploration. Our studio is a new endeavor

U.S. rig count had a decrease of 7 this week, at 748

U.S. rig count had a decrease of 7 this week, at 748

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 748 rigs. Canada had a no change over last week, resulting in a …

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For 50 years, Hydroacoustics Inc. (HAI) has been a world leader in the design and manufacture of unique high power, broadband, low frequency

NOG announces first quarter 2023 results, including record quarterly production

NOG announces first quarter 2023 results, including record quarterly production

Oil and Gas 360


FIRST QUARTER HIGHLIGHTS

  • Record quarterly production of 87,385 Boe per day (62% oil), an increase of 23% from the first quarter of 2022.
  • Net income of $340.2 million and record Adjusted EBITDA of $325.5 million. See
Source: Reuters

U.S. crude sets world’s most important oil benchmark for first time

World Oil


(Bloomberg) – U.S. oil is already having a profound impact on the world’s most important oil benchmark, effectively setting the price just after its inclusion in the measure.

 

WTI Midland — produced in the West Texas shales …

Source: Reuters

Oil ticks up, but set for third week of losses over demand concerns

Nasdaq


Oil prices rose slightly in Asian morning trade on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand.

Brent crude LCOc1

Exclusive: PEDEVCO at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: PEDEVCO at EnerCom Dallas-The Energy Investment & ESG Conference®

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PEDEVCO Corp (NYSE American: PED), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in

Exclusive: Mobius Risk Group at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: Mobius Risk Group at EnerCom Dallas-The Energy Investment & ESG Conference®

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Mobius Risk Group is an independent commodity and physical energy risk advisory firm. Founded in 2002, Mobius provides strategic advisory services including financial,

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TurbineHub is a US-based wind energy data and geospatial analysis software that leverages the power of GIS to drive the future of wind

PDC Energy, Inc. announces 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance

PDC Energy, Inc. announces 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance

Oil and Gas 360


DENVER, May 03, 2023 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” the “Company”, “we”, “us”, “our’) (Nasdaq:PDCE) today announced its 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance.…

SilverBow Resources announces first quarter 2023 results

SilverBow Resources announces first quarter 2023 results

Oil and Gas 360


First quarter production increased 35% year-over-year — Two-rig oil development program accelerates oil growth through year-end — Continued cycle time improvements driving greater capital efficiencies

 

SilverBow Resources announces first quarter 2023 results- oil and gas 360

 

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or

Source: Callon Petroleum

Callon to acquire core Delaware basin assets and exit Eagle Ford

Oil and Gas 360


Transactions solidify Company’s Permian focus and accelerate achievement of debt milestone Company to launch $300 million share buyback at closing

HOUSTONMay 3, 2023 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”)

Source: Reuters

ConocoPhillips reports first quarter 2023 results; raises full year production guidance midpoint and declares quarterly dividend and variable return of cash distribution

BOE Report


HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2.9 billion, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, and first-quarter 2022 adjusted …

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Evolution Petroleum is an oil and natural gas company focused on delivering a sustainable dividend yield to its shareholders through the ownership of

Exclusive: GeoPark at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: GeoPark at EnerCom Dallas-The Energy Investment & ESG Conference®

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GeoPark is a leading Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, and Brazil.

It has

Exclusive: LiTHOS Technology at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: LiTHOS Technology at EnerCom Dallas-The Energy Investment & ESG Conference®

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LiTHOS Technology aims to be the leader in the application of DLE (Direct Lithium Extraction) technology for economic, environmentally efficient, and sustainable lithium

Source: Reuters

INEOS acquires Chesapeake Energy Eagle Ford shale assets for $1.4 billion

World Oil


(WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the …

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Magellan X is a technology company created by BCG (Boston Consulting Group) and MISC (Petronas Group).

 

Its mission is to help

Source: Reuters

Chesapeake Energy Corporation reports 2023 first quarter results

Oil and Gas 360


OKLAHOMA CITYMay 2, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 first quarter financial and operating results.

 

  • Net cash provided by operating activities of $889 million
  • Net income totaled 
U.S. crude oil inventories decrease by 1.3 million barrels

U.S. crude oil inventories decrease by 1.3 million barrels

Weekly Crude Oil Storage as of April 28, 2023

 

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.3 million barrels from the previous week.  At 459.6 million barrels, U.S. crude …

Exclusive: FutEra Power at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: FutEra Power at EnerCom Dallas-The Energy Investment & ESG Conference®

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FutEra Power leverages innovation, experience, and Alberta’s diverse resource industry to create transitional power and sustainable infrastructure solutions in Canada and globally.

Exclusive: Milestone Carbon at EnerCom Dallas-The Energy Investment & ESG Conference®

Exclusive: Milestone Carbon at EnerCom Dallas-The Energy Investment & ESG Conference®

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Milestone Carbon is a subsidiary of Milestone Environmental Services, LLC (“Milestone”). Milestone Carbon offers turnkey solutions for the permanent geological sequestration of CO2—including

Source: Reuters

Senator Manchin floats new bill to speed up permitting for energy projects

Oil Price


Senator Joe Manchin introduced a new bill on Tuesday aimed at accelerating the permitting process for oil, gas, renewables, mineral extraction, and power transmission projects to address domestic energy security.

The Democratic Senator of coal and natural gas-producing …

Diamondback Energy misses Q1 forecasts as oil prices slide

Diamondback Energy misses Q1 forecasts as oil prices slide

Oil Price


Diamondback Energy (NASDAQ: FANG) booked lower-than-expected revenues and earnings for the first quarter on the back of lower commodity prices. The U.S. shale producer reported adjusted net income of $751 million, or $4.10 per diluted share, …

Source: Reuters

U.S. oil patch dealmaking grinds to two-year low in first quarter

Nasdaq


HOUSTON – U.S. oil and gas dealmaking fell to a two-year low of $8.58 billion last quarter, as combinations of natural gas companies dried up and oil buyers focused on mature plays, energy analytics firm Enverus said on Tuesday.…

Source: Reuters

Oil falls as economic fears weigh against potential crude draw

Yahoo Finance


LONDON -Oil prices sank to their lowest since late March on Tuesday on weak economic data from China, expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this week, and concerns about …

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PetroTal is a publicly-traded oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in

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Project Geminae is a cutting-edge, U.S-based upstream oil and gas portfolio optimization company with a mission to revolutionize the industry through advanced AI

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Trinity Refining and Safety Systems is a second-generation patented oil and fuel filtering technology. The unique oil and fuel filtering line of products