October 2020 archive

National Oilwell Varco reports third quarter 2020 loss of $55 million

National Oilwell Varco, Inc. reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019. Net loss for the Houston-based company in the third quarter of 2020 improved $38 million sequentially to $55 …

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NGL Energy Partners Announces Quarterly Distributions

  NGL Energy Partners LP  announced Tuesday that the Board of Directors of its general partner has declared a quarterly distribution of $0.10 per unit, or $0.40 per unit on an annualized basis, for the quarter ended September 30, 2020. This cash distribution is payable on November 13, 2020 to common unitholders of record at …

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BP returns to profit after worst quarter

  BP posted a modest $86m (£66m) profit in the third quarter, beating analyst expectations, thanks to higher oil prices and a recovery in fuel sales. The oil giant reported a $86m underlying replacement cost profit, its definition of net income, after analysts had predicted the FTSE 100 company would swing $120m into the red reported The Telegraph. …

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Completion reports for October 26, 2020

Completion reports issued on October 26, 2020. DEWEY COUNTY Comanche Exploration Co Llc Mississippian(8948): Oil 195 Gas 2251 Water 1993 Flow 1 18N 14W Thompson 1-1h, November 19, 2019 HH, OIL, TD: 14484 ft Lat: 36.05869, Long: -98.64346 API: 35043236770000

Permits to drill for October 26, 2020

Permits to drill issued on October 26, 2020. permits: none were processed today

Energy stocks take a dive as crude oil prices fall to 3-week low

  Energy stocks took a broad dive Monday, as crude oil prices sold off amid concerns that the recent surge in new COVID-19 cases globally would sap demand. The SPDR Energy Select Sector ETF slumped 3.0%, and was the biggest decliner among SPDR ETFs tracking the S&P 500’s 11 key sectors, with all 25 equity components losing ground. …

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Oil prices settle at 3-week lows as coronavirus cases rise world-wide

Oil futures declined Monday, sending prices to their lowest finish in just over three weeks, as COVID-19 cases in the U.S. and Europe continue to surge, raising alarm over demand for crude. West Texas Intermediate crude for December delivery, the U.S. benchmark, fell $1.29, or 3.2%, to settle at $38.56 a barrel on the New York …

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Biden’s oil patch stumble has Democrats reeling

  Joe Biden’s debate comments last week that he would phase out oil and gas production are still resonating in Oklahoma, Texas and New Mexico—oil and gas producing states. So much so, they even caught the attention of the Washington Post which featured Oklahoma Democrat congresswoman Kendra Horn, who’s been targeted by Republicans for her …

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Nestle water plan results in Colorado Springs water battle

  A water fight is underway at Colorado Springs, one involving Nestle’ Waters North America, a firm that wants to pump up to 65 million gallons of groundwater out of the Upper Arkansas River Valley and sent it to Denver for bottling. “We don’t need Nestlé to bottle our water and sell it back to …

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Renewable energy surges even In fossil fuel friendly Red states

  The nation’s two largest coal-producing states, Wyoming and West Virginia, have emerged as leaders in renewable energy and energy storage, respectively, according to a new report. Kansas, Iowa and North Dakota generate enough renewable energy to meet more than half their electricity demand, according to the report. Oklahoma is not far behind at 45 …

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