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East Daley Capital Launches New Solution to Channel Check Midstream Energy Companies
June 16, 2020
East Daley Capital Advisors launched its Capital Markets solution comprised of industry-leading financial models and reports that are now paired with its asset-level, data-driven company dashboards, board reports, company blueprints, and roadmaps that channel check companies in the midstream energy
ExxonMobil Outlines Path for Resilience and Long-Term Growth
June 16, 2020
ExxonMobil is managing unprecedented market challenges from the COVID-19 pandemic while preserving long-term shareholder value, chairman and chief executive officer Darren Woods told shareholders during the company’s annual meeting. “Despite the current volatility and near-term uncertainty, the long-term fundamentals that
Cold Bore Technology Launches Beta/Commercial Test of Pioneering Frac Action Optimization Software
June 16, 2020
Cold Bore Technology will initiate beta testing of its latest software product ‘Frac Action’ with select operators in the coming days. Developed in-house, the Frac Action graphing software allows frac operators, for the first time, to overlay high resolution, real-time
Peregrine Energy Acquires Mineral Rights in Pennsylvania and West Virginia
June 16, 2020
Peregrine Energy Partners has agreed to acquire producing royalty interests in Washington County, Pennsylvania as well as in Tyler and Richie Counties, West Virginia from various undisclosed sellers. These acquisitions feature production from numerous producing natural gas wells under Range
EIA: U.S. Crude Stockpiles Surge to Record High on Big Saudi Imports
June 15, 2020
US crude oil stockpiles rose unexpectedly last week to an all-time high as refiners boosted imports, particularly from Saudi Arabia, while exports dropped to lows not seen since November. The Energy Information Administration also said on Wednesday that refined product
Shell CEO Ben van Beurden Says LNG Market Will Recover to Pre-Virus Levels
June 15, 2020
Royal Dutch Shell Plc, the world’s largest liquefied natural gas trader, expects buying and selling of the fastest-growing fuel to recover to levels seen before the pandemic. Global LNG demand took a severe hit when nations imposed lockdowns to combat
Proposal Rejected to Ban Oil and Gas Exploration on Eastern Gulf Coast
June 15, 2020
Amid reporting that the administration of President Donald Trump is considering a move to open the waters off Florida’s coasts to oil and gas exploration if Trump is elected to a second term in November, U.S. Sen. Rick Scott, R-Fla.,
ConocoPhillips CEO Ryan Lance Surprised By Swift Recovery in Oil Prices
June 15, 2020
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term. Oil is
Exxon Delays Beaumont Refinery Expansion Startup, Texas Gulf Coast
June 15, 2020
Exxon Mobil Corp. will delay the startup of its Beaumont refinery expansion on the Texas Gulf Coast by a year as the oil giant weathers low demand for petroleum products and seeks to save cash amid the COVID-19 pandemic, people
Trump Administration Cuts Oil and Gas Fees in Hundreds of Cases
June 12, 2020
The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, according to a government database and federal officials. The temporary breaks
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