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(The Center Square) – As the administration of President Joe Biden threatens to end new oil and gas leases on federal lands throughout the country, a New Mexico lawmaker also wants to halt fracking in the state. Critics say the measures would lead to massive job losses as well as significant declines in tax revenue.
(The Center Square) – One of President Joe Biden’s first executive orders drew concerns from U.S. Sen. Rob Portman, R-Ohio, who said it will cost jobs and hurt the economy.
(The Center Square) – Canadian company TC Energy is suspending work on the Keystone XL oil pipeline as President Joe Biden followed through on his pledge to revoke its federal permit.
DALLAS, Jan. 19, 2021 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.011453 per unit, payable on February 12, 2021, to unit holders of record on January 29, 2021.
DALLAS, Jan. 19, 2021 /PRNewswire/ -- Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.049268 per unit, payable on February 12, 2021, to unitholders of record on January 29, 2021. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
HOUSTON, Jan. 19, 2021 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its fourth quarter and full year 2020 financial and operating results.
HOUSTON, Jan. 8, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that Kimberly Warnica has been appointed senior vice president and general counsel, with an anticipated effective date of January 11, 2021.
HOUSTON, Jan. 6, 2021 /PRNewswire/ -- The CITGO Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains CITGO's Chief Operating Officer and Executive Vice President.
AUSTIN, Texas, Jan. 6, 2021 /PRNewswire/ -- Enverus, the leading energy SaaS and data analytics company, is releasing its summary of Q4 and Full Year 2020 U.S. upstream M&A. After an anemic start, 2020 upstream M&A accelerated dramatically in the second half of the year. Activity crested in Q4 with $27 billion, the third most active quarter by value since oil prices lost their footing in late 2014.
HOUSTON, Jan. 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020, the Company had an average of 64 drilling rigs operating. For the three months ended December 31, 2020, the Company had an average of 62 drilling rigs operating.
AUSTIN, Texas, Jan. 5, 2021 /PRNewswire/ -- Laredo Oil, Inc. ("Laredo Oil") (OTCBB: LRDC) announced today that it acquired 100% of the stock of Stranded Oil Resources Corporation ("SORC"), a direct, wholly-owned subsidiary of Alleghany Corporation, in a transaction that closed on December 31, 2020.
(The Center Square) – State lawmakers fear a potential new federal ban on oil and gas leasing, as supported by President-elect Joe Biden, could cost Wyoming thousands of lost jobs and hundreds of millions of dollars in tax revenue.
(The Center Square) – As President -elect Joe Biden prepares to take office, environmental groups are pressuring him to make good on sweeping campaign promises to curb the U.S.’s production of oil.
EL SEGUNDO, Calif., Dec. 30, 2020 /PRNewswire/ -- Over the past decade, there has been confusion among credible news outlets regarding the differences between drilling and fracking.
NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2021 energy outlook. The outlook presumes a recovery in global gross domestic product (GDP), highlighted by an acceleration of growth in the second half of 2021.
CALGARY, AB and DULUTH, Minn, Nov. 23, 2020 /CNW/ - Today the US Army Corps of Engineers announced approvals of federal permits for Enbridge's Line 3 project, including the Section 404, Section 10 and Section 408 permits.
(The Center Square) – Louisiana will receive $234.6 million of Deepwater Horizon settlement money for wetlands restoration projects in Plaquemines, Terrebonne and St. Bernard parishes, officials said Monday.
HOUSTON, Nov. 20, 2020 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced that the Company will participate in the Capital One Securities, Inc. Virtual Conference on December 7(th) through 9(th), 2020. Members of the Company's management team will be participating in a series of virtual meetings with members of the investment community.
HOUSTON, Nov. 13, 2020 /PRNewswire/ -- The Company's third quarter results were driven by the economic effects of the COVID-19 pandemic, which affected the refining industry as a whole, and were further affected by an eight-week shutdown at the Lake Charles, La. refinery due to Hurricanes Laura and Delta. As a result of these factors, CITGO Petroleum Corporation ("CITGO") reported a net loss of $248 million for the third quarter of 2020 along with EBITDA(1) of $(212) million and adjusted EBITDA of $(183) million.
(The Center Square) – Gov. Gretchen Whitmer announced Friday her plan to revoke and terminate the easement that has allowed Enbridge to transport petroleum products across the Straits of Mackinac since 1953.
CALGARY, AB and LANSING, Mich., Nov. 13, 2020 /PRNewswire/ - Enbridge remains confident that Line 5 continues to operate safely and that there is no credible basis for terminating the 1953 Easement allowing the Dual Line 5 Pipelines to cross the Straits of Mackinac.
FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021. A nationwide search for the company's next CFO is ongoing.
FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ -- WhiteWater Midstream (WWM) and MPLX LP (NYSE: MPLX) today announced the substantial completion of a 1.8 billion cubic-feet-per-day (Bcf/d) expansion of their joint venture Agua Blanca pipeline system. Testing and commissioning of the expansion will begin this month, and the system is anticipated to be brought into full service in early 2021.
HOUSTON, Nov. 10, 2020 /PRNewswire/ -- McDermott International, Ltd today announced it has been awarded a contract to provide front end engineering and design (FEED) services for the INPEX-operated Ichthys Liquified Natural Gas Field Development.
OKLAHOMA CITY, Nov. 10, 2020 /PRNewswire/ -- CONTINENTAL RESOURCES, INC. (NYSE: CLR) ("Continental" or the "Company") announced today the commencement of cash tender offers (the "Tender Offers") to purchase up to $1.0 billion aggregate principal amount (the "Aggregate Maximum Tender Amount") of its outstanding 5.0% senior notes due 2022 (the "2022 Notes") and 4.5% senior notes due 2023 (the "2023 Notes") (collectively, the 2022 Notes and the 2023 Notes are referred to herein as the "Notes") in the priorities set forth in the table below; provided that the Company will not accept for purchase more than $200 million aggregate principal amount (as it may be increased by the Company, the "2023 Series Cap") of the 2023 Notes.
OKLAHOMA CITY, Nov. 10, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") announced today that, subject to market conditions, it intends to offer a series of senior notes due 2031 in a private placement to eligible purchasers. Continental intends to use the net proceeds from this offering to fund the concurrent tender offers for a portion of the Company's 5.0% senior notes due 2022 and 4.5% senior notes due 2023 and to pay fees and expenses incurred in connection therewith, and the excess, if any, to repay borrowings under our revolving credit facility and for general corporate purposes.
(The Center Square) – The decrease in oil prices in the middle of the global coronavirus pandemic has dealt a significant blow to the Texas oil and gas industry.
INDIANAPOLIS, Nov. 6, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today reported results for the third quarter ended September 30, 2020, as follows:
HOUSTON, Nov. 5, 2020 /PRNewswire/ -- McDermott International, Ltd today announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. (MODEC). It comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility located in Mexico.
HOUSTON, Nov. 5, 2020 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced results for the third quarter ended September 30, 2020.
HOUSTON, Nov. 2, 2020 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and nine months ended September 30, 2020.
(The Center Square) – As Election Day draws near, both presidential candidates have spent significant time in the battleground state of Pennsylvania, which has also seen conflict between proponents of unconventional natural gas and clean energy sources.
DALLAS, Nov. 2, 2020 /PRNewswire/ -- Hunt Perovskite Technologies (HPT) today announced that it has been granted another patent by the United States Patent and Trademark Office (USPTO). This latest patent (US10,741,779) relates to HPT's ongoing work to improve metal halide perovskite material durability through advanced ink chemistry technology and processing.
LAWRENCEVILLE, Ga., Nov. 2, 2020 /PRNewswire/ -- Majors Management, LLC (together with its affiliates, "Majors"), a rapidly growing leader in the U.S. convenience store industry, announced today its acquisition of 14 convenience stores and numerous dealer supply accounts from Regal Oil, Inc. of San Angelo, TX ("Regal"). The Regal portfolio increases Majors' existing presence in Texas and expands Majors' footprint throughout the central US to Kansas.
(The Center Square) – Activities on federal lands in California contributed $14.2 billion in economic output and supported over 84,000 jobs last year, according to an economic impact study from the U.S. Department of Interior (DOI).
At the quarterly Montana oil and gas lease sale held on September 1, there were 16 tracts totaling 7,071.02 acres that went for auction.
Environmental activist groups who attacked oil and gas companies for receiving COVID-19 relief accepted millions in paycheck relief loans, according to government documents released earlier this month.
The Department of Energy will rent space to oil producers to store their surplus crude amid a decrease in demand linked to the coronavirus pandemic.
A federal judge on Friday upheld the Trump administration’s decision to repeal an Obama-era rule that established standards for hydraulic fracking on federal land.
NorthWestern Energy activated a company-wide plan to address the implications of the COVID 19 outbreak while providing reliable energy service for our customers in Nebraska, South Dakota and Montana.
Judge Laurie Selber Silverstein signed an order authorizing Furie Operating Alaska LLC to enter into an acquisition by foreclosure agreement with Kachemak Exploration LLC on Feb. 21 in the U.S. Bankruptcy Court for the District of Delaware.
WASHINGTON – The Navajo Generating Station will shut down for good in a matter of days, the plant’s owners announced this week, once the plant burns through its remaining supply of coal.