Tag: Midland Texas
Clayton Williams Energy sells East Central Texas assets for $400 million
Clayton Williams Energy says funds will be used to expand into Delaware Basin, improve balance sheet Midland, Texas-Clayton Williams Energy, Inc. says it has entered into a definitive purchase and sale agreement with a third party to sell substantially all its assets in the Giddings area in East Central Texas for $400 million. Clayton Williams Energy (NYSE: […]
Q1 tough for Permian Basin service companies, but future looks brighter
Permian Basin oil patch looking forward to recovery when price recovers to $45 or $50 and holds for 30 days Mike Swihart was a bit surprised when some of his Permian Basin oil and gas customers called him in during the first quarter and asked him to sharpen his pencil. Swihart’s Midland-based company, Production Lift […]
Midland-based Clayton Williams Energy loses $35.3M loss in Q1
MIDLAND, Texas- Clayton Williams Energy, Inc. recorded another losing quarter, a Q1 a net loss of $35.3 million, or $2.90 per share, as compared to a net loss of $18.2 million, or $1.50 per share, for Q4 2015. Adjusted net loss (non-GAAP) for 1Q16 was $30.7 million, or $2.53 per share, as compared to adjusted net loss1 (non-GAAP) of […]
Plunger lift use rises in Permian Basin as producers cut costs
Plunger lift offers lower capital and operating costs for Permian Basin wells Mike Swihart says many Permian Basin oil companies that may have been too busy to check out plunger lift at $100 oil are making the switch in the current low-price environment because they save a lot of money on their lifting costs. “Management is telling […]
Permian Basin oil patch is fiercely innovative and competitive
Permian Basin enjoying a renewed spirit of innovation as companies respond aggressively to low oil prices Doom and gloom pervades the American oil industry right now, but judging from my experiences in the Permian Basin, behind the negative headlines are remarkable stories of innovation and resilience. Every month I spend a week in Midland, Texas, […]
Midland, Texas-based advertising sales person wanted for energy news site
North American Energy News is ready to grab another gear, maybe two. We spent the past year developing a readership of 30,000 to 50,000/month of professional oil and gas readers, most of them in Texas Permian Basin and Midland area. And we’ve developed a great premium advertising product. You can check out examples of Midland-based […]
Midland/Odessa housing market hammered along with oil, gas economy
Overall, Texas housing market still favors sellers, especially in major metro economies Housing markets are slumping in communities that were recently flush from the US shale oil fracking boom, especially the the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston, as well as North Dakota, epicenter […]
BC Operating forms Permian Basin joint development
BC Operating says 30 years in Permian Basin gives it unique understanding of operational, geological trends Midland, Texas-based BC Operating, Inc., an independent and oil and natural gas company says it has formed a joint development agreement with Tulsa-based Nadel and Gussman, LLC, to drill and produce in the Permian Basin. The agreement combines the two […]
Clayton Williams Energy loses $9.4 million in Q3 2015, may be for sale
Clayton Williams Energy cash flow for 9-month period in 2015 was $55 million, compared to $211.7 million during same period in 2014 The oil and gas downturn has hit Midland, Texas-based Clayton Williams Energy, Inc. particularly hard, judging by third quarter financial statements, which the company released Thursday. Clayton Williams Energy reported a net loss […]
Clayton Williams Energy may be exploring sale
Clayton Williams Energy shares traded as high as $69.37 on Wednesday Midland, Texas-based Clayton Williams Energy, Inc. may be putting itself up for sale after announcing that it has begun a review of “strategic alternatives” and hired Goldman, Sachs & Co. to provide advice. Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) today announced that its Board of Directors […]
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