• Updated

NEW YORK, Nov. 26, 2021 /PRNewswire/ -- AXP Energy Limited (ASX: AXP, OTC US: AUNXF), ('AXP', 'Company') announces its assessment of Reserves and Contingent Resources as at 1 October 2021.  The Reserves and Resources below are net to AXP unless stated otherwise.  They include, for the first time, the Reserves and Resources gained with the acquisitions of Appalachian Basin asset (MHP) and the new Illinois Basin asset (Trey Exploration).

Rising inflation not seen in three decades, supply and workforce shortages and increasing online shopping have small downtown Orangeburg retailers wondering how the traditionally busiest shopping season of the year will play out.

LINCOLN, Neb., Nov. 24, 2021 /PRNewswire/ -- As supply chain disruptions continue to hinder the production of new commercial trucks, construction machinery, and agricultural equipment, prices are likewise continuing to climb. A new Sandhills Global Market Report examines both the larger trends among heavy-duty sleeper trucks, dozers, and high-horsepower (300 HP or greater) tractors within Sandhills Global marketplaces as well as price and inventory trends specific to late-model machines within those markets.

  • Updated

LINCOLN, Neb., Nov. 24, 2021 /PRNewswire/ -- New market reporting from Sandhills Global examines the used heavy-duty construction market, which in October posted a 17% year-over-year increase in auction values and a 11.4% YOY increase in asking values. The YOY gains are underscored by noteworthy short- and long-term trends in the dozer and wheel loader equipment categories. These trends and more are showcased in Sandhills' Market Snapshot, a tool found within Sandhills TelematicsPlus portal that considers equipment value index positions relative to the short- and long-term moving average.

GRIFFIN — As fall temperatures cool down, much of our lawn and garden equipment begins to lay idle. Tillers, lawnmowers and weed eaters are no longer being used with the frequency they were during the warm temperatures of summer. The temptation is to just store them away until we need them later in the spring, but that could cause problems later unless the equipment is properly prepared for storage.

(The Center Square) – New Mexico’s lawmakers are excited for an estimated $3.725 billion coming from the $2 trillion federal infrastructure bill marked for roads, bridges and less apparent infrastructure like electric vehicle charging stations, but others say it’s wasteful.

DALLAS, Nov. 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 $0.022527 per unit, payable on December 14, 2021, to unit holders of record on November 30, 2021.

  • Updated

DALLAS, Nov. 19, 2021 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.106743 per unit, payable on December 28, 2021, to unitholders of record on November 30, 2021.  Marine's 2020 tax information, cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.marps-marine.com/.  Additionally, printed reports can be requested and are mailed free of charge.

  • Updated

DALLAS, Nov. 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 $0.073000 per unit, payable on December 14, 2021, to unitholders of record on November 30, 2021. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.

  • Updated

DALLAS, Nov. 19, 2021 /PRNewswire/ -- Simmons Bank, as Trustee of the Hugoton Royalty Trust (OTCQB:HGTXU) (the "Trust"), today declared there would not be a cash distribution to the holders of its units of beneficial interest for November 2021 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The following table shows underlying gas sales and average prices attributable to the net overriding royalty for both the current month and prior month. Underlying gas sales volumes attributable to the current month were primarily produced in September.

FORT WORTH, Texas, Nov. 19, 2021 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of November 30, 2021 and payable on December 14, 2021 in the amount of $760,847.69 ($0.062540 per Trust Unit), based principally upon production during the month of September 2021.

(The Center Square) – Democratic Congressman Charlie Crist, who is challenging Gov. Ron DeSantis in next year’s election, called on the governor to temporarily suspend Florida’s state gas tax to help lower costs at pump.

HOUSTON and MIDLAND, Texas, Nov. 16, 2021 /PRNewswire/ -- Q2 Technologies, a specialized chemical company, adds Ever Chavez as Manager of Field Operations to their growing team. Hugo Lozano Jr, VP and General Manager of Q2 Technologies said, "Ever brings tremendous experience and leadership in technical and operational chemical blending from his background at Tech Management and Baker Hughes. We are excited to have Ever on board to develop our growing chemical treatment business in the Permian and beyond."

MIDLAND, Texas, Nov. 16, 2021 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) ("Dawson" or the "Company") today released the following letter to shareholders concerning the pending tender offer by Wilks Brothers, LLC issued by Stephen C. Jumper, President and Chief Executive Officer on behalf of the Dawson Board of Directors.

FINDLAY, Ohio, Nov. 16, 2021 /PRNewswire/ -- MPLX announced today that its subsidiary, Tesoro High Plains Pipeline Company LLC ("THPP"), has launched a binding open season to assess shipper interest in obtaining firm service on new expansion capacity on the Connolly Gathering System portion of THPP's pipeline system, which is located in Dunn County, North Dakota, primarily southwest of Dunn Center ("Connolly Gathering System"). The Connolly Gathering System currently gathers crude oil from various points for delivery to a central delivery point at THPP's existing Connolly Station. The proposed expansion capacity would provide similar gathering services from additional origin points.  

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO") today reported its third quarter 2021 financial results, including a net loss of $4 million, compared to net income of $3 million for the second quarter. Marking the Company's second consecutive quarter of positive EBITDA1 after three straight quarters of negative EBITDA, EBITDA in the third quarter was $194 million, compared to EBITDA of $214 million in the second quarter of 2021. The $20 million decline in quarter over quarter EBITDA was primarily due to the effects of a number of corporate events that are discussed below, as well as compressed margins in the Supply, Marketing and Lubes businesses, which combined to more than offset a $55 million improvement in refining EBITDA compared to the second quarter.

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Freeport LNG Development, L.P. ("Freeport LNG") and Talos Energy Inc. (NYSE: TALO) ("Talos" or the "Company") and today announced that the companies have executed a letter of intent to develop a carbon capture and sequestration ("CCS") project, the Freeport LNG CCS project ("FLNG CCS"), immediately adjacent to Freeport LNG's natural gas pretreatment facilities located near Freeport, Texas, on the Gulf Coast, approximately 60 miles southwest of Houston, Texas. The companies anticipate first injection could occur by year-end 2024. Talos will be the project manager and operator and will be joined by its partner, Storegga Geotechnologies Limited ("Storegga"), the lead developer of the Acorn CCS project in the United Kingdom.

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that before market on Thursday, November 18, 2021, it will make available on its website at www.westernmidstream.com a post-earnings interview with Michael Ure, President and Chief Executive Officer, and Robert Bourne, Senior Vice President and Chief Commercial Officer, to provide additional insights related to third-quarter results.

OKLAHOMA CITY, Nov. 15, 2021 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today released an updated investor presentation. This presentation is available on the Company's website at http://investors.sandridgeenergy.com/Investor-Relations.

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Coterra Energy Inc. (NYSE: CTRA) ("Coterra" or the "Company") today announced that Thomas E. Jorden, Chief Executive Officer and President, will present at the Bank of America Securities 2021 Global Energy Conference. The presentation will begin at 9:00 AM CT (10:00 AM ET) on Wednesday, November 17.

FORT WORTH, Texas, Nov. 13, 2021 /PRNewswire-PRWeb/ -- Kroh Exploration is an exploration and production company dedicated to increasing oil and gas reserves domestically using existing wells. The company uses cutting edge recovery methods to restore wells to their former glory days of production. Kroh Exploration is owned and operated by President and CEO Brett Kroh and Vice President/Partner Jeremy "JB" Yowell.

THE WOODLANDS, Texas, Nov. 9, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") today announced it has elevated John Chesser to the position of chief financial officer ("CFO"). Mr. Chesser's appointment follows the elevation of Alejandro "Alex" Hernandez from President and CFO to the role of Chief Executive Officer. 

  • Updated

HOUSTON, Nov. 8, 2021 /PRNewswire/ -- Ensign Natural Resources LLC ("Ensign" or the "Company") announced today the purchase of assets in the Eagle Ford Shale from Reliance Eagleford Upstream Holding LP ("Reliance"). The Reliance acquisition includes approximately 62,000 net acres in Bee, DeWitt, Karnes, and Live Oak Counties and current net production of approximately 18,000 barrels of oil equivalent per day. This acquisition increases Ensign's current ownership to 100% in the leases and wells it acquired from Pioneer Natural Resources USA, Inc. ("Pioneer") in 2019 and Newpek LLC ("Newpek") in 2020. Post the Reliance acquisition, Ensign owns and operates 130,000 acres in the core of the Eagle Ford with current production approaching 40,000 barrels of oil equivalent per day, making the Company one of the premier private operators in the basin.

DALLAS, Nov. 5, 2021 /PRNewswire/ -- Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.375160 per unit, payable on November 29, 2021, to unit holders of record on November 15, 2021.  Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.sbr-sabine.com/.  Additionally, printed reports can be requested and are mailed free of charge.

HOUSTON, Nov. 5, 2021 /PRNewswire/ -- Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at our Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) "A" facility.

HOUSTON, Nov. 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2021, the Company had an average of 103 drilling rigs operating in the United States.      

LAKELAND, Fla., Nov. 3, 2021 /PRNewswire/ -- Many vehicle owners know the importance of doing preventive maintenance. Keeping up with routine oil and filter changes, maintaining proper fluid levels, and checking tires for proper inflation and signs of wear and tear are regular standards that require attention. But one thing often overlooked is a simple fix and can save lives.

OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today issued the Notice of Proposed Settlement of Derivative Action to its stockholders ("Notice") relating to the pending derivative action disclosed by Mammoth in its reports filed with the Securities and Exchange Commission, which Notice was given in accordance with the Court order Preliminarily Approving Derivative Settlement and Providing for Notice dated October 28, 2021 ("Preliminary Approval Order").

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $1.28 per common unit for the third quarter of 2021, including a base distribution amount of $0.7050 per common unit, or $2.82 on an annualized basis, and a special distribution amount of $0.5750 per common unit. The base distribution amount represents an increase of $0.0175 per common unit, or approximately 2.5%, over the second quarter 2021 distribution. The distribution will be paid on Nov. 19, 2021 to common unitholders of record as of Nov. 12, 2021.

MIDLAND, Texas, Nov. 2, 2021 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) announced today that it plans to publicly release preliminary and unaudited financial results for the quarter ended September 30, 2021, the Company's third quarter of 2021, before the market opens on Thursday, November 4, 2021, and also provide further information on the pending tender offer by Wilks Brothers, LLC (the "Wilks Transaction"). An investor conference call to review the third quarter results and discuss the pending Wilks Transaction will be held on Thursday, November 4, 2021, at 9:00 a.m. Central Time.

(The Center Square) – Gov. Greg Abbott touted Texas' economic prowess at a Houston Region Business Coalition monthly meeting Wednesday, and provided an update on the state's rebuilding business environment after suffering losses last year due to the state shut down created by his executive orders.

(The Center Square) – Oklahoma took in a record-breaking amount of tax revenue in September, and also for the previous 12-month period ending in September.

(The Center Square) – In the 2020 election, U.S. Rep. Xochitl Torres Small, D-New Mexico, lost to Republican Yvette Herrell in a district whose residents are reliant on oil and gas for survival. Despite trying to promote herself as a pro-oil and natural gas representative, Torres couldn’t shake off the effects of the anti-fossil fuel movement that has been incorporated in Democratic policies and is being pushed by the Biden administration.