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Devon Energy to Participate in a Fireside Chat at the Barclays 39th Annual CEO Energy & Power Conference
Globenewswire· 2025-08-20 15:30
Group 1 - Devon Energy Corp. will have its President and CEO, Clay Gaspar, participate in a fireside chat at the Barclays 39th Annual CEO Energy & Power Conference [1] - The event is scheduled for September 3, 2025, at 8:45 a.m. Central time and will be webcast live on Devon's website [1] - A replay of the webcast will be available for 30 days following the event [1] Group 2 - Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio, particularly noted for its position in the Delaware Basin [2] - The company employs a disciplined cash-return business model aimed at achieving strong returns, generating free cash flow, and returning capital to shareholders [2] - Devon Energy emphasizes safe and sustainable operations in its business practices [2]
Crude Inventories Drop by 6 Million Barrels; WTI Oil Tests The $62.50 Level
FX Empire· 2025-08-20 14:43
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in relation to investments and financial instruments [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
PrimeEnergy Resources Corporation Reports Second Quarter and First Half 2025 Results
Globenewswire· 2025-08-20 13:25
Core Insights - PrimeEnergy Resources Corporation reported a decline in revenue and earnings for Q2 and the first half of 2025 due to lower oil prices, but maintained solid cash flow and continued capital returns to shareholders [1][6] Financial Performance - Q2 2025 Revenue: $42.0 million, down from $64.8 million in Q2 2024 - Q2 Net Income: $3.2 million, compared to $19.7 million in the previous year - Q2 Diluted EPS: $1.33, a decrease from $7.77 - First Half 2025 Revenue: $92.0 million, down from $107.8 million in 2024 - First Half Net Income: $12.4 million, compared to $31.1 million in 2024 - First Half Discretionary Cash Flow: $56.9 million, down from $64.1 million in 2024 [6] Shareholder Alignment - In Q2 2025, Chairman Charles E. Drimal, Jr. entered into voting rights agreements covering 155,926 shares, resulting in affiliated shareholders controlling over 80% of the Company's voting power on a fully diluted basis, indicating strong confidence in the Company's long-term strategy [3] Production and Strategy - Despite a modest decline in oil volumes year-over-year, the Company experienced strong growth in natural gas and NGL production, highlighting the strength of its diversified production base [4] - The Company remains committed to executing its development program and creating long-term value, supported by a disciplined capital program [4] Capital Management - Share Repurchases: 53,000 shares in 2025, totaling $12.1 million; $113.5 million since the program's inception, with plans to continue repurchases throughout the year [6] - Liquidity: $2.4 million cash at quarter-end; $115 million fully available under credit facility [6]
Microplastics are everywhere. Here's why that matters to big oil
CNBC· 2025-08-20 12:00
Microplastics are increasingly being found in our bodies and food supply. They are defined as pieces of plastic smaller than 5 millimeters — about the size of a pencil eraser. But they can also be much smaller, like the size of a virus particle or a strand of DNA. Petrochemicals, the building blocks of plastic, are produced from oil and gas. The business is a small but profitable area of the fossil fuel industry, and any push back on the use of plastics is seen as a threat to the oil and gas industry. "Wher ...
A Dividend Investor's Dream Stock: Hemisphere Energy
Seeking Alpha· 2025-08-20 10:35
Analyst's Disclosure:I/we have a beneficial long position in the shares of HMENF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This is not advice to buy or sell this stock or ETF, despite the particular rating I am required to select in the SA template. I am not an acc ...
Natural Gas and Oil Forecast: OPEC+ Output and Sanction Risks Keep Markets Fragile
FX Empire· 2025-08-20 08:19
Italiano Español Português FX Empire Logo English check-icon Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial ...
Pampa Energia Might 10x Oil Revenues By 2027, But I Prefer To Wait
Seeking Alpha· 2025-08-20 04:33
Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective [1] - The approach does not prioritize market-driven dynamics or future price action, instead emphasizing long-term earnings power and competitive dynamics [1] - Most recommendations will be holds, indicating a cautious approach to market conditions, with only a small fraction of companies deemed suitable for purchase at any given time [1] Group 2 - The articles aim to provide valuable information for future investors and introduce skepticism in a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, emphasizing the need for readers to conduct their own due diligence [2][3]
ELLIPSIS U.S. ONSHORE HOLDINGS ANNOUNCES STRATEGIC ACQUISITIONS AND FARMOUT AGREEMENT TO EXPAND NON-OPERATED PORTFOLIO
Prnewswire· 2025-08-19 19:08
Core Insights - Ellipsis U.S. Onshore Holdings LLC has completed two significant transactions to enhance its position in key U.S. onshore basins through the acquisition of non-operated working interests and a large-scale farmout agreement [1] Group 1: Transactions Overview - The first transaction involves the acquisition of non-operated oil and gas assets in the Permian Basin, which includes current net production of approximately 4,000 barrels of oil equivalent per day and over 600 gross remaining drilling locations [2] - The second transaction is a Farmout Agreement with Black Stone Minerals, L.P. covering approximately 270,000 gross acres in East Texas, providing Ellipsis with the exclusive right to earn non-operated working interests in BSM's Haynesville acreage [3] Group 2: Strategic Implications - The Permian acquisition strengthens Ellipsis' Delaware Basin foundation and aligns with its strategy of building scale through high-margin, low-cost, non-operated assets, with an expected daily average production of 20,000 barrels of oil equivalent for the remainder of 2025 [2] - The Farmout Agreement includes a tiered commitment structure that escalates over five years, starting with a minimum of six wells in 2026 and increasing to 25 wells annually by year five, allowing for disciplined and capital-efficient scaling of exposure to Haynesville [3] Group 3: Company Background - Ellipsis, founded in 2023, is focused on acquiring and developing large-scale, producing oil and gas assets across the U.S., targeting non-operated working interest acquisitions exceeding $100 million [5] - Westlawn Group, founded in 2021, is a private investment firm that invests in both operated and non-operated upstream assets, maintaining a broad investment mandate across various regions including the U.S., Canada, and Latin America [6]
Oil-Dri Corporation of America Isn't Done Soaking Up Value Just Yet
Seeking Alpha· 2025-08-19 18:10
Group 1 - The article discusses the potential regret of not investing in certain companies, highlighting the importance of recognizing value and growth prospects in the oil and natural gas sector [1] - Crude Value Insights provides an investment service focused on cash flow analysis and identifying companies with real potential for value and growth in the oil and gas industry [1] - Subscribers to Crude Value Insights gain access to a stock model account with over 50 stocks, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2] Group 2 - The service offers a two-week free trial for new subscribers, encouraging engagement with the oil and gas market [3]
Eni Secures Strategic CCUS Partnership With BlackRock-Owned GIP
ZACKS· 2025-08-19 13:45
Key Takeaways Eni S.p.A. (E) has entered into a major partnership with Global Infrastructure Partners ("GIP"), a BlackRock- owned infrastructure investor, through an agreement granting GIP a 49.99% co-control stake in Eni CCUS Holding, per media reports. The move marks a significant step in scaling carbon capture, utilization, and storage (CCUS) solutions across Europe. E Strengthens CCUS Portfolio With GIP Stake Sale Eni CCUS currently includes cornerstone projects such as Liverpool Bay and Bacton in the U ...