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Sunday, August 25, 2019

Trump claims credit for Shell plant announced under Obama

MONACA, Pa. (AP) — President Donald Trump sought to take credit Tuesday for the construction of a major manufacturing facility in western Pennsylvania as he tries to reinvigorate supporters in the Rust Belt towns...

In Texas, state’s electric grid declare energy conservation emergency as heat continues

Dreadful heat, humidity invade South as misery continues By JEFF MARTIN and JAY REEVES Associated Press ATLANTA (AP) — Stifling heat smothered states from Texas to South Carolina on Tuesday with temperatures that felt like 120...

Devon Energy has strong 2Q report; Delaware Basin shows big increase

OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported second-quarter net income of $495 million, after reporting a loss in the same period a year earlier. The Oklahoma City-based company said it had...

Chesapeake’s 2Q misses Wall Street expectations, but revenue beats forecast

OKLAHOMA CITY (AP) — Chesapeake Energy Corp. (CHK) on Tuesday reported second-quarter net income of $98 million, after reporting a loss in the same period a year earlier. The Oklahoma City-based company said it had...

Exxon profits slide with natural gas prices weak

NEW YORK (AP) — Exxon Mobil brought in $69 billion in revenue in the second quarter, down from last year's $73.5 billion. Some of the benefits of rising crude prices, up 22% this year, were...

Will Trump let Chevron stay in Venezuela?

WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely...

Texas oil company denies wrongdoing in Idaho royalty lawsuit

BOISE, Idaho (AP) — A federal lawsuit filed by Idaho mineral rights owners over royalty payments should be dismissed, a Texas-based oil and natural gas company said in court documents. Alta Mesa and other companies...

Jerry Jones increases stake in Frisco energy company as it makes $2.2B acquisition

Frisco-based Comstock Resources Inc. said on June 10 it will purchase privately held, Houston-based Covey Park in a cash and stock transaction valued at approximately $2.2 billion. The deal includes the assumption of Covey...

Court lifts block on Keystone XL pipeline construction

HELENA, Mont. (AP) — An appeals court has lifted a judge's injunction that blocked construction of the Keystone XL oil pipeline from Canada. But it's not clear whether the 9th U.S. Circuit Court of Appeals'...

Is it 'molecules of freedom' or just natural gas?

It's hard to generate interest in a news release about liquefied natural gas exports, but a high-ranking Trump administration official succeeded by calling the stuff "molecules of U.S. freedom." Words matter after all. Earlier this week,...