Chinese solar equipment firm suffers as prices fall rapidly in recent years SHANGHAI, May 5 (Reuters) – A Chinese solar equipment firm, Baoding Tianwei Yingli New Energy Resources Co Ltd, said it may be miss payment on a 1.4 billion yuan ($215.2 million) five-year note maturing on May 12. The unlisted firm, a subsidiary of New York-listed […]
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Continental Resources cost cuts failed to offset oil price slump By Ernest Scheyder May 4 (Reuters) – Continental Resources Inc, the oil producer founded by legendary wildcatter Harold Hamm, reported a larger-than-expected first-quarter loss on Wednesday as cost cuts failed to offset falling crude prices. The company, once the largest oil producer in North Dakota’s
Continental Resources loss bigger than expected in Q1 Read More »
Chesapeake Energy selling some Oklahoma assets May 5 (Reuters) – Debt-laden Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Thursday it was selling $470 million in assets in Oklahoma to Newfield Exploration Co as part of a plan to shore up its finances through divestitures. Chesapeake’s shares were up 12 per cent at
Chesapeake Energy posts smaller loss; to sell some assets to Newfield Read More »
Dakota Prairie Refinery may be up for sale By Ernest Scheyder HOUSTON, May 5 (Reuters) – The owners of the Dakota Prairie Refinery that was the first to be built in the United States since the 1970s have curtailed output and may try to sell it, the latest victim of the oil price slump roiling the
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Energy Transfer CEO blames tax issues By Michael Erman NEW YORK, May 5 (Reuters) – Energy Transfer Equity LP Chief Executive Kelcy Warren on Thursday delivered the most public and concrete renunciation of his once-coveted deal for rival Williams. Speaking on the company’s earnings call, Warren said tax issues would sink the $21 billion deal. It
Energy Transfer CEO on Williams: ‘We can’t close this deal’ Read More »
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
Midland-based Clayton Williams Energy loses $35.3M loss in Q1 Read More »
“We are particularly excited about re-starting our drilling program in the Permian Basin, where we are seeing faster drill times, lower costs and better wells.” DENVER, Colorado – SM Energy Company is expanding production in the Permian Basin, where it already resumed drilling in the first quarter. The company released financial results for Q1 2016 and provided an
SM Energy refocuses effort toward Permian Basin after strong Q1 results Read More »
SandRidge interest payment due on June 1 By Jessica DiNapoli and Mike Stone May 4 (Reuters) – SandRidge Energy Inc, an Oklahoma City-based oil and gas explorer and producer, is in discussions with its creditors about reaching a debt restructuring deal ahead of a possible bankruptcy filing, according to people familiar with the matter. The company
SandRidge in debt restructuring talks with creditors -sources Read More »
Marathon Oil Q1 losses lower than expected HOUSTON, May 4 (Reuters) – Marathon Oil Corp posted a lower-than-expected first-quarter loss on Wednesday as cost cuts failed to offset low crude prices. The company had a net loss of $407 million, or 56 cents per share, compared with $276 million, or 41 cents per share, in the
Marathon Oil first-quarter loss misses Street’s expectations Read More »
Williams alleges Energy Transfer trying to walk from deal NEW YORK, May 4 (Reuters) – Pipeline company Energy Transfer Equity has rejected two possible solutions that rival Williams Cos Inc hoped would resolve tax issues that Energy Transfer believed threatened their $17 billion tie-up. Energy Transfer said in a filing with the Securities and Exchange
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