admin

NuStar Energy L.P. Announces Agreement to Sell St. Eustatius Terminal for $250 Million and Reports First Quarter 2019 Earnings Results

Permian Crude System Volume Receipts Exit April at Over 380,000 BPD; Up 194% Since System Acquisition in May 2017 South Texas Crude Oil Pipeline System Volume Increases to Quarterly Average of 168,000 BPD SAN ANTONIO–(BUSINESS WIRE)–May 10, 2019– NuStar Energy L.P. (NYSE: NS) today announced plans to sell its St. Eustatius Terminal, reported the company’s first quarter 2019 earnings results and reviewed NuStar’s growth and growth projects, in the Permian

NuStar Energy L.P. Announces Agreement to Sell St. Eustatius Terminal for $250 Million

SAN ANTONIO–(BUSINESS WIRE)–May 10, 2019– NuStar Energy L.P. (NYSE: NS) today announced plans to sell its St. Eustatius Terminal, reported the company’s first quarter 2019 earnings results and reviewed NuStar’s growth and growth projects, in the Permian and across its system. “Today, we are pleased to announce that we have signed a definitive stock purchase agreement to sell our storage terminal facility located at St. Eustatius in the Caribbean to

Northern Oil and Gas, Inc. Announces Third Quarter 2018 Results, Increases Fourth Quarter 2018 Guidance and Reactivates Stock Repurchase Program

Production increased 92% over the prior year, averaging 34,598 barrels of oil equivalent (“Boe”) per day; strong well performance driving an increase in 2019 production guidance with no change to capital spending guidance. Drilling and development capital expenditures totaled $74.0 million, a 5% reduction versus the prior quarter. Cash flow from operations, excluding an $11.4 million net increase from changes in working capital, was $87.5 million. Northern spent $15.1 million

Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million

Chevron Corporation (NYSE: CVX) announced today that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day match period to expire.  Accordingly, Chevron anticipates that Anadarko will terminate the Merger Agreement. Source link

Callon Petroleum Company Announces Third Quarter 2018 Results

HOUSTON, May 6, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today reported results of operations for the three months ended March 31, 2019. Presentation slides accompanying this earnings release are available on the Company’s website at www.callon.com located on the “Presentations” page within the Investors section of the site. Highlights Increased production to 40.3 Mboe/d (79% oil), an increase of 52% year-over-year Generated an operating margin of $32.57