Petroleum in the United States

Centennial Resource Development, Inc. Announces Second Quarter 2021 Earnings Conference Call

Retrieved on: 
Wednesday, July 28, 2021

DENVER, July 28, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) announced today that it will report second quarter 2021 financial and operating results after the market closes for trading on August 3, 2021.

Key Points: 
  • DENVER, July 28, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) announced today that it will report second quarter 2021 financial and operating results after the market closes for trading on August 3, 2021.
  • Management will host an earnings conference call on August 4, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern).
  • Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development of oil and associated liquids-rich natural gas reserves in the Permian Basin.
  • The Companys assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

Texas Petro Index Midyear Update: Oil and Gas Recovery Slow but Steady

Retrieved on: 
Tuesday, July 27, 2021

Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:

Key Points: 
  • Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:
    Posted West Texas Intermediate (WTI) crude oil prices averaged $67.39 in June up from a low of $14.68 in April last year and the highest since November 2014.
  • Texas oil and gas producers understand the message behind higher prices for crude oil and natural gas, and that is to provide additional product to the marketplace if possible.
  • The Texas Petro Index (TPI) is a monthly measure of growth rates and cycles in the Texas upstream oil and gas economy.
  • Founded in 1930, the Texas Alliance of Energy Producers is the most knowledgeable and effective statewide oil and gas association in the nation.

Amplify Energy Schedules Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Wednesday, July 21, 2021

HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (Amplify or the Company) (NYSE: AMPY) announced today that it will report second quarter 2021 financial and operating results after the U.S financial markets close on August 4, 2021.

Key Points: 
  • HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (Amplify or the Company) (NYSE: AMPY) announced today that it will report second quarter 2021 financial and operating results after the U.S financial markets close on August 4, 2021.
  • Management will host a conference call at 10:00 a.m. CT on August 5, 2021 to discuss the Companys results.
  • Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 5076814) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com.
  • Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.

Amplify Energy Announces Regaining of Compliance with NYSE Continued Listing Standards and Full Forgiveness of PPP Loan

Retrieved on: 
Monday, July 12, 2021

The forgiveness of the loan extinguishes approximately $5.5 million of debt from the Companys balance sheet.

Key Points: 
  • The forgiveness of the loan extinguishes approximately $5.5 million of debt from the Companys balance sheet.
  • As of June 30, 2021, Amplify had net debt of approximately $216 million, with $235 million outstanding under the revolving credit facility and $19 million of cash on hand.
  • Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties.
  • Amplify undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Centennial Resource Development to Present at Upcoming Conferences

Retrieved on: 
Monday, July 12, 2021

Mr. Garrison is also scheduled to present at EnerComs The Oil & Gas Conference in Denver, Colorado on Monday, August 16, 2021 at 3:55 p.m. Eastern.

Key Points: 
  • Mr. Garrison is also scheduled to present at EnerComs The Oil & Gas Conference in Denver, Colorado on Monday, August 16, 2021 at 3:55 p.m. Eastern.
  • The presentation materials used at both conferences will be available on Centennials website at www.cdevinc.com under the Investor Relations tab.
  • Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development of oil and associated liquids-rich natural gas reserves in the Permian Basin.
  • The Companys assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

Magellan and Enterprise Team up With Intercontinental Exchange for New Houston Crude Oil Futures Contract

Retrieved on: 
Monday, June 21, 2021

Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.

Key Points: 
  • Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.
  • The quality specifications of the new futures contract will be consistent with a West Texas Intermediate (WTI) crude oil originating from the Permian Basin with common delivery options at either the Magellan East Houston (MEH) terminal or the Enterprise Crude Houston (ECHO) terminal.
  • Magellan is pleased to join forces with Enterprise and ICE to offer this leading-edge joint futures contract, said Aaron Milford, Magellans chief operating officer.
  • The new contract improves the transparency, flexibility and marketability of Midland WTI crude oil for Gulf Coast and export customers while maintaining industry-recognized quality and consistency.

Magellan and Enterprise Team Up With Intercontinental Exchange for New Houston Crude Oil Futures Contract

Retrieved on: 
Monday, June 21, 2021

Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.

Key Points: 
  • Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.
  • View the full release here: https://www.businesswire.com/news/home/20210621005190/en/
    The quality specifications of the new futures contract will be consistent with a West Texas Intermediate (WTI) crude oil originating from the Permian Basin with common delivery options at either the Magellan East Houston (MEH) terminal or the Enterprise Crude Houston (ECHO) terminal.
  • In support of this new futures contract, Magellan and Enterprise anticipate discontinuing their existing provisions for delivery services under the current futures contracts deliverable at each terminal once the new contract receives regulatory approval and is finalized.
  • Magellan is pleased to join forces with Enterprise and ICE to offer this leading-edge joint futures contract, said Aaron Milford, Magellans chief operating officer.

Devon Energy Celebrates 50 Years of Success  

Retrieved on: 
Monday, May 17, 2021

b'OKLAHOMA CITY, May 17, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) is celebrating its \xe2\x80\x98golden\xe2\x80\x99 anniversary this month after 50 years of success in the oil and gas industry.

Key Points: 
  • b'OKLAHOMA CITY, May 17, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) is celebrating its \xe2\x80\x98golden\xe2\x80\x99 anniversary this month after 50 years of success in the oil and gas industry.
  • Devon continued to grow organically and by acquisition over the years and stepped into its place on the S&P 500 in 2000.
  • \xe2\x80\x9cWe were always looking for new technologies and modern ways to produce oil and gas because we wanted to be innovators.
  • \xe2\x80\x9cThey support us, and we support them.\xe2\x80\x9d\nIn January 2021 Devon and WPX Energy merged as equals, keeping Devon\xe2\x80\x99s name and headquarters in Oklahoma City.

Cardinal Energy Ltd. Announces First Quarter 2021 Financial Results and Increased 2021 Budget

Retrieved on: 
Friday, May 14, 2021

West Texas Intermediate ("WTI") oil prices averaged over US$58/bbl, a 36% increase over the average in the fourth quarter of 2020.

Key Points: 
  • West Texas Intermediate ("WTI") oil prices averaged over US$58/bbl, a 36% increase over the average in the fourth quarter of 2020.
  • While spending a modest $5.9 million on development capital expenditures, Cardinal continued its debt reduction strategy during the first quarter of 2021 lowering net debt by 11% over year-end 2020 levels.
  • The low decline nature of our asset base kept first quarter production consistent with the prior quarter at 18,385 boe/d.
  • First quarter 2021 operating costs per boe increased 4% over the same period in 2020 as Alberta electricity prices increased by 42% which was partially offset by Cardinal\'s 13% reduction in power consumed from the Alberta power grid.

Arco Announces New Chief Financial Officer

Retrieved on: 
Friday, May 7, 2021

b'Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today that Roberto Otero will join Arco as Chief Financial Officer, effective May 11, 2021.\nAs Arco\xe2\x80\x99s CFO, Mr. Otero will be responsible for leading its finance and investor relations strategy and contributing to the acceleration and continuous evolution of its business.

Key Points: 
  • b'Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today that Roberto Otero will join Arco as Chief Financial Officer, effective May 11, 2021.\nAs Arco\xe2\x80\x99s CFO, Mr. Otero will be responsible for leading its finance and investor relations strategy and contributing to the acceleration and continuous evolution of its business.
  • Otero joins Arco from Bank of America Merrill Lynch, where he served as an Executive Director since 2009, covering the education sector, among other industries.
  • Mr. Otero has an extensive background in corporate finance, financial planning, investor relations and financial accounting.\nMr.
  • Arco\xe2\x80\x99s financial discipline, combined with its entrepreneurial spirit and quality-driven DNA, will pave the way for expanded core business endeavors.