Archives for April 2017
Six energy partners at Baker Botts leave to join Gibson Dunn
Six energy partners from Baker Botts have left the Houston-based law firm to join Gibson Dunn, one of the latest out-of-state law firms to open an office in Houston. All six, who became partners at...
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Eagle Ford takes the lead in rig count spike
As West Texas’ Permian Basin becomes more saturated with drilling activity, more rigs are returning to the Eagle Ford shale in southern Texas. The U.S. added 13 rigs actively drilling for oil and gas this...
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Production up, Chevron profits boom
Chevron posted double-digit increases in revenues and profits on Friday, boosted by good news in most business sectors, including U.S. and international oil production. Revenues rose $9 billion or 42 percent over the same quarter...
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Calpine narrows losses in 1st quarter, despite mild Texas winter
Houston-based power company Calpine Corp. reported a lost of $56 million for the first quarter of 2017, as compared to a loss of $198 million for the fourth quarter of last year. The company managed...
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Exxon signals caution on oil prices even as profits surge
Exxon Mobil Corp.’s profit more than doubled in the first quarter, and it managed to pay for its dividend and capital expenditures with its cash flow. But the Irving, Texas-based oil company said it’s still...
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