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Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
Phillips 66 has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of…
Hamm Family Proposes Taking Continental Resources Private for $25B
Continental Resources, Inc. announced that its board of directors has received a non-binding proposal letter from Harold G. Hamm proposing that the Hamm family purchase all outstanding shares…
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
ExxonMobil has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer…
Permian - Midland Basin News
Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…
HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…
Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…
SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…