Shares of Concho Resources rose more than 12% in trading Wednesday following word that it was in talks to be acquired by rival ConocoPhillips. As The Street reported, Concho shares jumped 12.49% to $49.65 and ConocoPhillips shares rose 1.06% to $35.25. ConocoPhillips is in talks to acquire rival Concho Resources , Bloomberg reported, citing people familiar …
The US rig count rose by seven in the last week to 321 as of Oct. 14 according to the latest Enverus Drillinginfo Daily Rig Count. Enverus said the count is up 2% in the past week and 13% in the last month but still down 63% from a year ago. The most significant weekly …
Judge Amy Coney Barrett told senators Wednesday that her views on climate change weren’t relevant to her potential role on the Supreme Court. “I don’t think my views on global warming or climate change are relevant to the job I would do as a judge, nor do I feel like I have views that …
Oklahoma City-based LSB Industries, Inc. announced that it will release its financial results for the third quarter ended September 30, 2020 on Thursday, November 5, 2020, after the close of the stock market. The chemical company reported a net loss of $0.4 million in the second quarter and net sales of $105 million with …
ALLETE, Inc., the Minnesota-based company with two large wind farm operations in Oklahoma, will announce its financial results for the third quarter before the stock markets open on Monday, November 9, 2020. Following the release, ALLETE President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, …
The SandRidge Permian Trust says it has received an unsolicited offer to acquire part of its shares. The offer is from SRPT Acquisition, LLC, a wholly-owned subsidiary of PEDEVCO Corp., a firm that offered to exchange each outstanding unit of the trust for 4/10ths of one share of PEDEVCO common stock. The SandRidge trust, …
Cactus, Inc. announced that it will issue its third quarter 2020 earnings release after market close on Wednesday, November 4, 2020. The Houston-based company is coming off a second quarter where revenue plunged $46.1 million or 53% as sales of wellhead and production-related equipment dropped primarily due to lower drilling and completion activity from …
Some officials in New Mexico are worried that growing bankruptcies in the oil and gas industry could leave the state with thousands of abandoned or orphaned oil wells and the state with millions, maybe billions of dollars in the cost of plugging them. In New Mexico, oil and gas companies issued nearly $30 billion …
New Mexico’s largest electric utility is breaking ground on a 50-megawatt solar field that will provide power to Western New Mexico University, the city of Albuquerque and other large users that have signed on to a new program. Officials gathered Thursday on the Jicarilla Apache Nation in northern New Mexico for a ceremony. As …
** Pacific Gas & Electric began turning off power to more than 50,000 Northern California customers Wednesday evening as dry, windy conditions renewed the threat of fire in a season already marked by deadly, devastating blazes. The utility announced that it had begun cutting power to up to 33,000 customers, with about another 20,000 to follow in …
