Archives for August 2018
Apache posts $195 million profit with rising Permian volumes
Houston’s Apache Corp. reported a $195 million net profit and rising revenues for the second quarter as the oil and gas producer continues to increase its volumes from West Texas’ Permian Basin. Source: FuelFix
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Hot spring puts NRG back in the black
A hot Texas spring and higher wholesale electricity prices boosted generation revenues and put NRG Energy back into the black, the power company reported Thursday. Source: FuelFix
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Marathon Oil reports $96 million net profit
Houston’s Marathon Oil reported a $96 million quarter profit that compares favorably to a $139 million loss during the second quarter of last year. Source: FuelFix
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Enbridge selling Houston gas processing business for $1 billion
Canada’s Enbridge is selling a bevy of gas processing assets in Texas and neighboring state for more than $1 billion to a private equity firm focused on oil and gas assets and more. Source: FuelFix
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ConocoPhillips sells Texas assets to Houston's Lime Rock
ConocoPhillips said Thursday it is selling its stake in East Texas’ Barnett shale for $230 million to Houston-based Lime Rock Resources. Source: FuelFix
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