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Texas Pacific Land Trust settles heated proxy fight, lawsuit
The heated fight over a once-sleepy West Texas land that’s now valued at more than $6 billion is resolved for now as both sides will come together to consider converting the trust into a corporation....
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Baker Hughes beats Wall Street expectations on revenue but posts $9 million loss
Houston oilfield service company Baker Hughes beat Wall Street expectations on revenue but still ended up posting a $9 million loss for the second quarter. Source: FuelFix
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Big crude inventories draw gives bullish boost to oil
The nation’s stockpiles of commercial crude oil fell by 8.5 million barrels last week, providing a bullish boost to oil prices. Source: FuelFix
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Enterprise nearly doubles year-over-year profits amid record pipeline volumes
Houston pipeline operator Enterprise Products Partners nearly doubled its year-over-year profits following record volumes of crude oil, natural gas liquids and other products moving through its system. Source: FuelFix
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KBR bidding on three LNG projects on two continents amid profitable second quarter
Houston based service company KBR is bidding on three liquefied natural gas projects on two continents after landing a construction contract near Houston and a profitable second quarter. Source: FuelFix
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