With the smallest annual profits in 13 years, ExxonMobil Corp. is reducing its capital spending by 25% to a 10-year low and suspending its share buybacks as a shield in the declining oil and natural gas trade, the largest U.S. operator said Tuesday.
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Articles from Business
Fort Worth’s Energy & Exploration Partners Seeks Chapter 11 Protection
Energy & Exploration Partners Inc. (ENXP), whose operations are centered in East Texas and Wyoming, late Monday filed for Chapter 11 bankruptcy protection to give it flexibility to continue operations. The petition listed debt of $1-10 billion and assets of $500 million to $1 billion.
December 8, 2015
Shell Creating Standalone Unconventional Resources Arm
Royal Dutch Shell plc announced a major revamp of its upstream business on Tuesday, which would separate operations into three businesses, including a new unconventional unit to oversee shale, tight natural gas/oil and oilsands exploration and development worldwide.
November 3, 2015
‘Strategic Alternatives’ Considered For Freeport-McMoRan E&P Business
Freeport-McMoRan Inc., which made a $9 billion bet only three years ago to pump up its natural gas and oil business, has split the board of directors to prepare for a public offering, spinoff or joint venture for the bleeding enterprise.
October 6, 2015
Kentucky NatGas Utility Latest Sale For Small Cap Looking to Grow
Cleveland-based Gas Natural Inc. said Tuesday that it would sell its Kentucky natural gas utility business for $1.9 million in cash to a small private company in the eastern part of the state.
August 13, 2015
Drillers Get Break on Fees in Western Colorado County
Rio Blanco County, CO, elected officials recently passed a measure to temporarily suspend impact fees on oil/natural gas development to encourage business expansion.
May 19, 2015
Colorado County Gives Driller Break on Fees Due to Low Prices
Rio Blanco County, CO, elected officials recently passed a measure to temporarily suspend impact fees on oil/natural gas development to encourage business expansion.
May 19, 2015
Drillers Get Break on Fees in Western Colorado County
Rio Blanco County, CO, elected officials recently passed a measure to temporarily suspend impact fees on oil/natural gas development to encourage business expansion.
May 19, 2015
Colorado County Gives Driller Break on Fees Due to Low Prices
Rio Blanco County, CO, elected officials recently passed a measure to temporarily suspend impact fees on oil/natural gas development to encourage business expansion.
May 19, 2015
Halliburton, Baker Merger On Track Following Shareholder OK
Nearly all shareholders voting Friday for the proposed combination of Halliburton Co. and Baker Hughes Inc. approved the mega-merger, which would bring together the No. 2 and No. 3 global oilfield service companies.
March 27, 2015
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