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Bonanza Creek Issues Preliminary First Quarter 2019 Results and Provides an Operational Update

42 mins ago DieselGasoil Comments Off on Bonanza Creek Issues Preliminary First Quarter 2019 Results and Provides an Operational Update
DENVER, April 25, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek” or the “Company”) today issued preliminary first quarter 2019 results, provided an operations update and announced its first quarter 2019 earnings release and conference call date. The Company has also posted an updated investor presentation to its website. Highlights include: First quarter Read More

Oxy faces a heavyweight in Anadarko Prize Fight

1 day ago DieselGasoil Comments Off on Oxy faces a heavyweight in Anadarko Prize Fight
By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More

Occidental offers $38 billion for Anadarko, topping Chevron

1 day ago DieselGasoil Comments Off on Occidental offers $38 billion for Anadarko, topping Chevron
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More

Occidental Makes Superior Proposal to Acquire Anadarko

1 day ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Lawyer for Platinum founder says investors knew and accepted risks

2 days ago DieselGasoil Comments Off on Lawyer for Platinum founder says investors knew and accepted risks
NEW YORK (Reuters) – Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud charges. FILE PHOTO: Mark Nordlicht, Platinum Partners founding partner and chief Read More

Mnuchin says he cannot meet deadline to turn over Trump tax returns to House panel

2 days ago DieselGasoil Comments Off on Mnuchin says he cannot meet deadline to turn over Trump tax returns to House panel
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin leaves the G-20 Finance Ministers and Central Bank Governors’ meeting at the IMF and World Bank’s 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House Read More

Superior Energy Services Announces First Quarter 2019 Results

2 days ago DieselGasoil Comments Off on Superior Energy Services Announces First Quarter 2019 Results
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the first quarter of 2019 of $47.7 million, or $0.31 per share, on revenue of $467.2 million.  This compares to a net loss from continuing operations of $750.2 million, or $4.85 per share, Read More

Apache announces temporary deferral of Alpine High natural gas production

2 days ago DieselGasoil Comments Off on Apache announces temporary deferral of Alpine High natural gas production
4/23/2019 HOUSTON — Apache Corporation has announced that it initiated natural gas production volume deferrals from its Alpine High play in late March, in response to extremely low prices at Waha Hub. Current deferrals represent approximately 250 MMcfd of gross gas production. “As far back as two years ago, Apache foresaw the potential for gas Read More

Apache Corporation Announces Temporary Deferral of Alpine High Natural Gas Production in Response to Recent Pricing at Waha Hub

2 days ago DieselGasoil Comments Off on Apache Corporation Announces Temporary Deferral of Alpine High Natural Gas Production in Response to Recent Pricing at Waha Hub
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) — Production deferrals designed to positively impact Apache’s cash flow in the near term No change expected to Altus Midstream Company’s (Altus) 2019 EBITDA guidance range Cryogenic processing buildout at Alpine High is progressing ahead of schedule Reiterates Alpine High 2019 exit rate guidance of greater than 100 thousand Read More

Range Announces First Quarter 2019 Financial Results

3 days ago DieselGasoil Comments Off on Range Announces First Quarter 2019 Financial Results
FORT WORTH, Texas, April 22, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2019 financial results.  Highlights – GAAP cash flow provided from operating activities of $261 million, and non-GAAP cash flow of $269 million GAAP net income of $1.4 million ($0.01 per diluted share), and non-GAAP net income Read More