Archives for October 2018
Pioneer Natural Resources sells South Texas acreage for $132 million
Oil and gas driller Pioneer Natural Resources is selling 2,900 acres in South Texas for $132 million. Source: FuelFix
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Enterprise Products reports $1.3B profit, new projects in Houston and Permian
Houston’s Enterprise Products Partners reported a $1.3 billion quarterly profit Wednesday that more than doubled its $611 million in net income a year ago. Source: FuelFix
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Anadarko posts profit gain with Permian, GoM growth
Anadarko reported a growing net profit of $363 million for the third quarter courtesy of revenues that surged nearly 50 percent from a year prior. Source: FuelFix
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Oil poised for biggest monthly slide since 2016 on growth fears
Oil’s set for its biggest monthly drop since 2016 as a looming slowdown in the global economy haunts the market while U.S. inventories grow and producers relay mixed signals. Source: FuelFix
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Concho Resources posts loss of in third quarter of $199M
Midland-based oil and gas driller Concho Resources posted a loss of $199 million in the third quarter as the company completed its acquisition of RSP Permian and lost more money on oil hedging. Source: FuelFix
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