Lowest Exxon Mobile Q1 in six years Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon’s top and bottom lines. It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results […]
Exxon Mobile Q1 profits down 46% to $4.94B Read More »
IPAA says divestment movement is “just a media campaign” The head of independent American oil and gas producers says the much touted divestment movement from fossil fuels has no measurable impact on actual investors, according to a new survey. New research commissioned by the Independent Petroleum Association of America (IPAA) and released at IPAA’s annual
Divestment movement doesn’t affect actual investment decisions Read More »
JP Energy Partners connects Midland Basin assets with Magellan Midstream pipeline JP Energy Partners LP (NYSE:JPEP) of Irvine, Texas announced Monday it has acquired all of the assets of Southern Propane Inc. and signed an interconnection agreement with an affiliate of Magellan Midstream Partners. JP Energy Partners LP acquired Southern Propane Inc., a Houston-based industrial and commercial
JP Energy Partners buys Southern Propane, signs pipeline deal Read More »
iSeeAutomation says merger with Bayside Petroleum will help reduce the overall costs of producing energy Bayside Corp. (OTC PINK: BYSD) announced the merger of Bayside Petroleum Company, Inc., and iSeeAutomation, Inc., a vision guided automated technology company on Monday. The ongoing slump in oil prices resulted in Technis Energy, Ltd. exercising an option under the
Dropping oil prices force merger of Bayside Petroleum, iSeeAutomation Read More »
Quicksilver Resources anticipates carrying on normal operations as it restructures Quicksilver Resources Inc. (OTCQB:KWKA) – saddled with $1.35 billion of liabilities, 10 times its cash flow – announced Tuesday that it has filed for chapter 11 bankruptcy protection. The company was unsuccessful at finding investment or a buyer for its assets, which includes unconventional shale reservoirs and
Quicksilver Resources files for bankruptcy, $1.35 billion in liabilities Read More »
