INDIANAPOLIS, Aug. 11, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. ("Calumet," the "Partnership" or the "Company") (NASDAQ: CLMT), a leading independent producer of specialty hydrocarbon and fuels products, announced today that it has named L. Todd Borgmann as the Partnership's Senior Vice President & Interim Chief Financial Officer ("CFO"). Borgmann will assume the CFO duties on September 1, 2020 following an orderly transition with the current EVP & CFO, H. Keith Jennings, who has announced he will leave the organization effective August 31, 2020. As Interim CFO, Borgmann will help execute Calumet's ongoing transformation strategy to become a premier specialty products company. He will lead all treasury, tax, IT and capital market activities and be charged with managing the Partnership's balance sheet and improving its corporate finance capabilities.
A new geological assessment of the Big Sandy Foothills and Northern Red Desert did not find significant oil and gas deposits in the region.
HOUSTON, Aug. 10, 2020 /PRNewswire/ -- McDermott International Ltd. today announced the beginning of commercial operation of Train 3 at Cameron LNG, which is jointly owned by Sempra LNG, Total S.E., Mitsui & Co., Ltd. and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
“It’s unprecedented," said Nathan McLeland, manager at M&K Oil Company. "I’ve never seen anything like this. It’s terrifying. Oil, gas and minerals are the backbone of our economy."
INDIANAPOLIS, Aug. 6, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today announced that H. Keith Jennings notified the Board of Directors of Calumet that he plans to resign as Executive Vice President & Chief Financial Officer (CFO) effective August 31, 2020 to pursue other interests closer to his family in Texas.
INDIANAPOLIS, Aug. 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 second quarter ended June 30, 2020, as follows:
INDIANAPOLIS, Aug. 5, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. ("Calumet" or the "Company") (NASDAQ: CLMT) and Calumet Finance Corp. ("Finance Corp." and, together with the Company, the "Issuers") announced the final settlement of the previously announced (i) exchange offer (the "Exchange Offer") to certain holders of their 7.625% Senior Notes due 2022 (the "2022 Notes") to exchange 2022 Notes for newly issued 9.25% Senior Secured First Lien Notes due 2024 (the "New Notes") and (ii) solicitation of consents (the "Consents") from holders of their outstanding 11.00% Senior Notes due 2025 (the "2025 Notes") to allow the Issuers to consummate the Exchange Offer.
HOUSTON, Aug. 5, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2020, the Company had an average of 60 drilling rigs operating.
HOUSTON, Aug. 4, 2020 /PRNewswire/ -- Oasis Midstream Partners LP (NASDAQ: OMP) ("Oasis Midstream" or the "Partnership") today declared a quarterly cash distribution of $0.54 per unit for the second quarter of 2020. The distribution will be paid on August 27, 2020, to all OMP unitholders of record at the close of business August 14, 2020.
Wyoming workers laid down the state's last operating gas rig this week. Before this summer, the last time Wyoming's gas rig count hit zero was 1884 — six years before statehood.
FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21 billion in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.
HOUSTON, July 31, 2020 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) ("Oasis Midstream" or the "Partnership") plans to announce its Second Quarter 2020 financial and operational results on Wednesday, August 5, 2020 before market open. Additionally, the Company will host a live webcast and conference call on Wednesday, August 5, 2020 at 11:30 a.m. Central Time to discuss Second Quarter 2020 financial and operational results.
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.
OKLAHOMA CITY, June 15, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today highlighted its longstanding commitment to Environmental, Social and Corporate Governance (ESG) practices and initiatives with the release of its 2019 ESG report.
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.
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.
A bill to halt oil and gas development via a 10-mile exclusionary zone surrounding Chaco Culture National Historical Park drew opposition from local residents and the representative governments located nearby at a subcommittee hearing yesterday.
The Interior Department requested last week that a federal circuit court allow it to revise environmental reviews of oil and gas leases sold in 2015 and 2016 in Wyoming, Utah and Colorado.
The Bureau of Land Management had a record year for revenues from onshore oil and gas lease sales, as well as production in 2018, according to data released by the agency this week.
The rural region connecting eastern Utah and western Colorado are home to abundant natural gas supplies that promise to compete in global markets and deliver climate benefits along the Pacific Rim yet depend on completion of proposed infrastructure projects, according to a new report. The an…
While it seems to fly in the face of everything we believe and have been taught about nuclear power, it may actually be the safest form of power production that we have. Ironically, the immense potency of the power of splitting an atom is simultaneously what makes nuclear weapons so dangerou…
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a B…
Buried deep in a brief document filed with the U. S. Court of Appeals for the District of Columbia Circuit is a sentence that likely has gotten little notice: “In addition, despite government counsel’s diligence, the government has not yet completed the process for the Solicitor General to d…
NEW YORK--(BUSINESS WIRE)--Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the hiring of Chris Rutherford as a Managing Director. Mr. Rutherford will cover upstream oil and gas companies and be…
Following President Trump’s State of the Union address, Acting Secretary of the Interior David Bernhardt paid a visit to Hobbs, N.M. today to help promote the administration’s agenda on energy issues.
Oil Search said Jan. 24 that it has exercised its option with Armstrong Energy to acquire a 50 percent interest in, and operatorship of, the 195,200-acre block of leases on the eastern North Slope held by Lagniappe Alaska LLC, a 100 percent-owned Armstrong company.
Editor's Note: The Rocky Mountain Oil Journal began its life as the Montana Oil Journal almost one hundred years ago. It was originally established in Great Falls, but is now based in Denver.
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow.
DENVER, CO — The Colorado Supreme Court issued a decision today, restoring the rights of property owners, and reinstating the longstanding regulations on energy exploration enacted by the Colorado State Assembly.
As national parks have soared in popularity in recent years, local leaders in the communities surrounding Yellowstone spoke to U.S. Sen. Steve Daines (R-Mont.) about how increased visitation is leading to strain on resources in the area during a Congressional field hearing on Friday.
Fresh off the Democratic capture of the U.S. House of Representatives, green groups with ties to wealthy anti-fossil fuel foundations are working to position climate change as a top priority despite very little traction for the issue on the campaign trail.