Latest News
Permian Resources announces secondary public offering of Class A common stock
By Midland Times | May 13, 2020
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.
Permian Resources announces pricing for secondary public offering
By Midland Times | May 13, 2020
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...
Shale drillers announce production cuts
By Kyla Asbury | May 9, 2020
Shale drillers announced on Monday more production cuts in response to the recent market collapse, the Midland Reporter-Telegram reported.
Diamondback Energy cuts back because of oil glut and pandemic shutdown
By John Sammon | May 9, 2020
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.
STEP ENERGY SERVICES: STEP Energy Services Ltd. Announces COVID-19 Precautionary Measures for Its 2020 Annual General and Special Meeting of Shareholders
By Press release submission | May 6, 2020
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,
BETTER BUSINESS BUREAU: BBB Business Tip: Boost your business with these curbside pickup best practices
By Press release submission | May 6, 2020
In the weeks and months ahead, there will be no “business as usual.”
Permian Strategic Partnership is optimistic regarding long-term future of basin
By Michael Pineda | May 4, 2020
In what could pass for some of the darkest times in state oil history, the Permian Strategic Partnership sees a light at the end of the tunnel.
PARSLEY ENERGY: Parsley Energy Announces Increase To Commitment Amount, Reaffirmed Borrowing Base, And Extension Of Maturity Date For Its Revolving Credit Facility
By Press release submission | May 1, 2020
Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") announced that it has entered into an amendment to its revolving credit facility,
ENCANA: Ovintiv to Host its 2020 First Quarter Results Conference Call May 8
By Press release submission | May 1, 2020
Announced plans to hold its 2020 first quarter results conference call at 9 a.m. MT on Friday, May 8, 2020.
SCHLUMBERGER: Lending a Hand to Local Communities during COVID-19
By Press release submission | May 1, 2020
Schlumberger facility produces hand sanitizer for frontline responders
DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Revised Time for First Quarter 2020 Conference Call on May 5
By Press release submission | May 1, 2020
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced that it has revised its first quarter 2020 conference call time.
COVID-19, plummeting oil prices have Midland businesses concerned
By Tamara Browning | Apr 30, 2020
Some Midland, Texas, business people are expressing concerns that COVID-19 and the drop in oil prices are converging to give the area a double whammy economically.
Hearing aid company serves as 'light' in the community during COVID-19
By John Suayan | Apr 23, 2020
Beltone is known to help the hearing impaired, but in these challenging times, the Glenview, Il.-based hearing aid company is lighting the way for the Permian Basin.
Midland County leads Permian Basin in January oil production
By Michael Pineda | Apr 23, 2020
If you are looking for oil in Texas, you are looking toward the Permian Basin.
Midland area suffers drop in oil permits
By Michael Pineda | Apr 23, 2020
The drop-off in the state oil industry began its descent at the beginning of the year as the Midland area recorded a 27% decrease in permits from the previous year.
BIG D EQUIPMENT CO: Explaining Negative Oil Prices
By Press release submission | Apr 21, 2020
Midstream players are now paying buyers to take oil volumes away as the physical storage limit will be reached.
CIMAREX: Cimarex Announces Further Reduction to 2020 Capital Plans; Curtails 30% of May Volumes
By Press release submission | Apr 21, 2020
Announced that, due to the continued weakness in oil prices, it now expects a 55-60 percent reduction in its 2020 capital investment program from its original guidance of $1.25-$1.35 billion.
SCHLUMBERGER: Schlumberger Announces First-Quarter 2020 Results
By Press release submission | Apr 21, 2020
Schlumberger Announces First-Quarter 2020 Results
ENCANA: Ovintiv to Host its 2020 First Quarter Results Conference Call on Friday, May 8, 2020eN
By Press release submission | Apr 21, 2020
Announced plans to hold its 2020 first quarter results conference call at 9 a.m. MT on Friday, May 8, 2020.
PLAINS MARKETING,LP: Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of First-Quarter 2020 Earnings
By Press release submission | Apr 21, 2020
Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced they will release first-quarter 2020 earnings after market close on Tuesday,