Midland Times

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Business

BIG D EQUIPMENT CO: Oil Rallies With Producers Hiking Prices

Some OPEC producers are displaying signs of confidence that the market is stabilizing.


Business

ROSELAND OIL & GAS: The Market Has Escaped a Collapse

The oil market has escaped a collapse, according to Rystad Energy’s head of oil market research, Bjornar Tonhaugen.


Business

SCHLUMBERGER: Schlumberger Announces Second-Quarter 2020 Results Conference Call

Schlumberger Limited (NYSE:SLB) will hold a conference call on July 24, 2020 to discuss the results for the second quarter ending June 30, 2020.


Business

DIAMONDBACK ENERGY: Diamondback Energy Announces the Expiration of the Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021

Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced that the previously announced cash tender offer by its wholly-owned subsidiary,


Business

Citing COVID-19, Midland-based Ring Energy ceases operations

The uncertainty of the COVID-19 pandemic and the oil and gas downturn prompted Ring Energy, Inc., to cease activity in the Permian Basin’s Northwest Shelf and Central Basin Platform.


Business

Permian Resources applies to cease being a reporting issuer in Canada

Permian Resources Completes Liquidation of Lynden Energy Corp. by Making Application to Cease to be a Reporting Issuer in Canada


Business

Popular beer garden shutters indefinitely

A popular Midland drinking hole is shuttered for good because of the economic fallout from the COVID-19 pandemic.






Business

Permian Resources announces secondary public offering of Class A common stock

Permian Resources Corporation (NYSE: PR), a Texas-based independent oil and natural gas company, announced the initiation of an underwritten public offering of 51,765,000 shares of its Class A Common Stock. The shares, par value $0.0001 per share, are being offered by affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a member of the Company’s Board of Directors.


Business

Permian Resources announces pricing for secondary public offering

Permian Resources Corporation, also known as the "Company" (NYSE: PR), announced today the pricing of an underwritten public offering of 51,765,000 shares of its Class A Common Stock. The shares have a par value of $0.0001 each and are priced at $16.47 per share for the public. The offering is being made by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a member of the Company’s Board of Directors, collectively referred to as the "Selling Stockholders". It's important to note...


Business

Shale drillers announce production cuts

Shale drillers announced on Monday more production cuts in response to the recent market collapse, the Midland Reporter-Telegram reported.


Business

Diamondback Energy cuts back because of oil glut and pandemic shutdown

Diamondback Energy Co. is cutting back oil production after suffering a drop in demand partly caused by the COVID-19 pandemic, the Houston Chronicle reported.


Business

STEP ENERGY SERVICES: STEP Energy Services Ltd. Announces COVID-19 Precautionary Measures for Its 2020 Annual General and Special Meeting of Shareholders

STEP Energy Services Ltd. (the “Company” or “STEP”) announced that at the 2020 annual general and special meeting of shareholders (the “Meeting”) scheduled to take place on Thursday,