Second quarter net income attributable to CVR Energy stockholders of $21 million; EBITDA of $103 million; adjusted EBITDA of $87 million Second quarter earnings per diluted share of 21 cents and adjusted earnings per diluted share of 9 cents Announced cash dividend of 50 cents per share CVR Partners announced a cash distribution of $1.90 per common …
DETROIT, July 30, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2024 reported net income of $96 million, or $0.98 per diluted share. For the second quarter of 2024, Operating Earnings were also $96 million, or $0.98 per diluted share. Adjusted EBITDA for the quarter was $248 million. Reconciliations of …
DT Midstream Reports Strong Second Quarter 2024 Results Read More »
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet (bcf) of natural gas, LSEG data showed. Freeport is the United States’ second-largest LNG exporter and one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices …
Midcontinent E&P SandRidge Energy is getting deeper into the emerging Cherokee oil play in western Oklahoma through a $144 million acquisition.
Helmerich & Payne’s planned takeover may be a sign of things to come. US shale drilling activity appears to have peaked. The number of operating onshore oil rigs is the lowest since 2021, a result of industry consolidation and tighter spending as companies return more profits to shareholders. That presents a challenge for the country’s oil-field contractors. …
Middle East Oil Gives U.S. Drillers an Opportunity for Growth Read More »
PJM set to release pricing details for securing power supply Baltimore, Virginia are poised to earn premiums in auction More than 65 million Americans are facing the prospect of significantly higher electricity prices next year, thanks to shrinking energy supply and rising demand on the biggest US electric grid. An increase for the year starting …
Almost 20% of Americans Face Prospect of Higher Electric Bills Read More »
Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP.
HOUSTON–(BUSINESS WIRE)–Post Oak Minerals V, LLC (“POM V”), an affiliate of Post Oak Energy Capital, LP (“Post Oak”), today announced that it has completed 10 acquisitions with a total value of over $475 million since the beginning of 2024, primarily in the Permian Basin. The acquired assets include over 28,400 net royalty acres (“NRA”) of …
Post Oak Minerals Acquires $475 Million of Permian Basin Focused Minerals & Royalties Read More »
Russian President Vladimir Putin on Monday congratulated Nicolas Maduro on winning the disputed Venezuelan election, and the Kremlin said it was deepening cooperation in all areas – including sensitive ones – with Caracas. Maduro and his opposition rival Edmundo Gonzalez have both claimed victory in the presidential election as Washington and some other foreign governments …
Putin Hails Maduro’s Win, Kremlin Says it is Deepening Venezuelan Ties Read More »
MIDLAND, Texas–(BUSINESS WIRE)–Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has entered into a definitive agreement with Occidental (NYSE: OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company’s existing position in Reeves County, Texas for $817.5 million, subject to …
Permian Resources Announces Strategic Bolt-On Acquisition of Core Delaware Basin Assets Read More »
