West Texas Intermediate

RIXX Invest AG completes first development phase of Rattlesnake Oil and Gas LLC

Retrieved on: 
Wednesday, March 13, 2024
Acquisition, USD, West Texas Intermediate, WTI, Rattlesnake, KPMG, Oil

Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).

Key Points: 
  • Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully completed the first phase of the development in production areas of Rattlesnake Oil and Gas LLC in Texas (USA).
  • RIXX Invest AG acquired Rattlesnake Oil and Gas LLC, headquartered in Dover (Delaware), USA, at the end of August 2023.
  • The production areas of Rattlesnake LLC cover around 5,700 hectares and offer the potential to reactivate up to 200 existing but currently largely inactive oil production wells.
  • RIXX had already announced its intention to acquire further oil production areas in the future.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Tuesday, February 20, 2024
Permian, Acquisition, Free cash flow, OPEC, Growth, CFPS, NGL, Sale, West Texas Intermediate, Viperidae, Letter, FCF, IPO, Firebird, Deep Blue, DD, WTI, LOE, Security (finance), EPS, Endeavour, G&A, MBO, GRP, Oil

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • The fourth quarter of 2023 rounded out a great year for Diamondback Energy and our stockholders.
  • Diamondback is focused on per share growth, and we have now grown oil production per share 14x since our 2012 IPO.
  • Therefore, Diamondback is positioned to maintain our production, grow Free Cash Flow and return that Free Cash Flow to our stockholders.

SilverBow Resources Announces Fourth Quarter and Full Year 2023 Results and 2024 Outlook

Retrieved on: 
Wednesday, February 28, 2024
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Acquisition, Investment, Natural gas, Transport, Table, West Texas Intermediate, Adjustment, Atlas, FCF, WTI

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2023.
  • As we enter 2024, SilverBow has a more durable asset base, flexibility to shift investments between oil and gas, and a longer runway of high-quality drilling opportunities.
  • Financial results in the period were driven by production results in the upper half of SilverBow's guidance.
  • Production mix for the fourth quarter consisted of 57% natural gas, 27% crude oil and 16% natural gas liquids ("NGLs").

Range Announces Fourth Quarter Production and Pricing

Retrieved on: 
Tuesday, February 6, 2024
RRC, Mont Belvieu, Texas, WTI, NYMEX, West Texas Intermediate, NGL, Natural gas, Oil

FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day.

Key Points: 
  • FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day.
  • In addition, Range realized $8.0 million in contingent derivative settlement gains in fourth quarter 2023.
  • Fourth quarter 2023 daily natural gas production averaged approximately 1,540 Mmcf per day.
  • In fourth quarter 2023, Range realized a total of $8.0 million in contingent derivative settlement gains related to the North Louisiana divestiture.

CN Announces Fourth Quarter and Year-End Results

Retrieved on: 
Tuesday, January 23, 2024
Uncertainty, Grain, Face, West Texas Intermediate, RTM, CNI, GAAP, TSX, EPS, Labour, Personal injury, Nature, News, CNR, Growth

MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2023.
  • For the fourth quarter, the Company delivered diluted earnings per share (EPS) of C$3.29, an increase of 57% and adjusted diluted EPS of C$2.02, a decrease of 4%.
  • (1) Operating ratio for the fourth quarter increased by 1.4-points to 59.3%.
  • (1)
    Operating performance improved across most measures in the fourth quarter of 2023 when compared to the same period in 2022.

Four Nails in the $100-Per-Barrel-Oil-by-December Coffin, an Industrial Info News Alert

Retrieved on: 
Wednesday, December 13, 2023
Oil, Gas, Energy, Hamas, WTI, BBL, Hydrocarbon, Research, Hope, EIA, International Energy Agency, Baby boomers, IIR, USD, Christmas, West Texas Intermediate, News, GMI, IEA, Gasoline, Cryptocurrency, Renewable energy, Great Lakes Paper

Specifically, Industrial Info's Hillary Stevenson says, "With oil being a global commodity, it's no secret that macroeconomics are making the biggest impact."

Key Points: 
  • Specifically, Industrial Info's Hillary Stevenson says, "With oil being a global commodity, it's no secret that macroeconomics are making the biggest impact."
  • Also, adds Industrial Info's Geoffrey S. Lakings, demand in the U.S. and pretty much everywhere else is failing to live up to expectations.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.
  • Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries.

Kinder Morgan Announces 2024 Financial Expectations

Retrieved on: 
Monday, December 4, 2023
Energy, Other Energy, Oil, Gas, EBITDA, WTI, Kinder Morgan, NextEra Energy, Acquisition, NYSE, DCF, Pipeline, Henry Hub, CO2, Natural gas, Adjustment, British thermal unit, KMI, West Texas Intermediate, Growth, Hart–Scott–Rodino Antitrust Improvements Act, Fine chemical, Beauty salon

Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2024 financial projections.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2024 financial projections.
  • “We are projecting an annualized dividend of $1.15 in 2024, constituting the 7th year in a row in which we have increased our dividend.
  • For descriptions of these non-GAAP financial measures and reconciliations to the most comparable measures prepared in accordance with generally accepted accounting principles, please see “Non-GAAP Financial Measures” below.
  • Kinder Morgan remains committed to transparency and will continue to publish its budget on the company’s website as presented at the investor day conference.

NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Oil, Gas, Energy, Sale, EBITDA, Webcast, WTI, EPA, Record, Corporation, Acquisition, Bank, Risk, NGL, Delaware Basin, CMA, Depreciation, Public expenditure, Argus, Propane, Water & Solutions, Liquid logistics, Conference, GAAP, Central Time, Water, Forecasting, West Texas Intermediate, Cryptocurrency, Bookkeeping, Partnership, Adjustment

Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.

Key Points: 
  • Operating expense per produced barrel processed was $0.24 for the quarter ended September 30, 2023, compared to $0.27 in the comparative quarter last year.
  • Operating income for the Crude Oil Logistics segment decreased $18.1 million for the quarter ended September 30, 2023, compared to the quarter ended September 30, 2022.
  • NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense.
  • Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

Distributed Control Systems (DCS) In The Oil And Gas Market size to increase by USD 833.28 million during 2023-2028| Emergence of new refinery projects to drive the growth- Technavio

Retrieved on: 
Thursday, December 7, 2023
DCS, WTI, Safety, Software, YOY, Hitachi, Investment, Oil, Rockwell Automation, Honeywell, Distributed control system, Nature, USD, ABB, FA, Component, West Texas Intermediate, Growth, Mitsubishi Electric, Schneider Electric, Electric power, Petroleum, Geography

These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.

Key Points: 
  • These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Virtualization of DCS in oil and gas, utilizing hypervisors, is emerging, enabling virtual machines for automation control systems.
  • Oil futures serve as critical indicators influencing the demand and operational dynamics shaping the utilization of Distributed Control Systems (DCS) in the oil and gas market.

CN Announces Third Quarter Results

Retrieved on: 
Tuesday, October 24, 2023
CNI, NYSE, GTM, News, West Texas Intermediate, GAAP, Nature, Growth, CN, EPS, Financial Accounting Standards Board, Plan, Transcranial magnetic stimulation, CNR, TSX, Uncertainty, Rare-earth element, Silviculture, Satellite navigation device, Oil

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2023.

Key Points: 
  • MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2023.
  • (2)
    In January 2023, CN announced the Board's approval for a new normal course issuer bid permitting CN to purchase for cancellation, over a 12-month period, up to 32 million common shares.
  • CN reports its financial results in accordance with United States generally accepted accounting principles (GAAP).
  • CN assumes that the North American industrial production will increase by at least two percent CAGR over the next three years.