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  • VAN HORN, Texas— An isolated edge of vast West Texas is home to a highly secretive part of the 21st- century space race, one of two being directed in the Lone Star State by Internet billionaires whose personalities and corporate strategies seem worlds apart. The presence of Blue Origin, LLC, the brainchild of Amazon founder Jeff Bezos, barely registers in nearby Van...

  • US oil and natural gas rig count drops by 22 to 932 Friday, 24 Apr 2015 | 1:25 PM ET

    Houston- based Baker Hughes said Friday 703 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost 19 rigs; North Dakota lost five; Oklahoma was down three; and Alaska, New Mexico and West Virginia each lost one. Louisiana gained two rigs, while Arkansas, California, Colorado, Kansas and Pennsylvania each gained...

  • HOUSTON— In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. IHS's Kurt Barrow expects oil prices to maybe climb back to $65 a barrel by the end of the year. Adam Sieminski, administrator of the U.S. Energy Information Administration, expects oil to average...

  • Cabot tops Street 1Q forecasts Friday, 24 Apr 2015 | 7:46 AM ET

    HOUSTON _ Cabot Oil& Gas Corp. on Friday reported first-quarter profit of $40.3 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Eleven analysts surveyed by Zacks expected $433.5 million.

  • LyondellBasell tops 1Q profit forecasts Friday, 24 Apr 2015 | 7:39 AM ET

    HOUSTON _ LyondellBasell Industries on Friday reported first-quarter earnings of $1.17 billion. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share. LyondellBasell shares have increased 23 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 3 percent.

  • Prosperity Bancshares meets 1Q profit forecasts Friday, 24 Apr 2015 | 6:12 AM ET

    HOUSTON _ Prosperity Bancshares Inc. on Friday reported first-quarter profit of $73.6 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of $1.05 per share. Prosperity Bancshares shares have decreased 4 percent since the beginning of the year.

  • Forum Energy beats 1Q profit forecasts Thursday, 23 Apr 2015 | 7:28 PM ET

    HOUSTON _ Forum Energy Technologies Inc. on Thursday reported first-quarter net income of $28.7 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Ten analysts surveyed by Zacks expected $378.4 million.

  • Texas transportation officials have unveiled a bold plan to reconfigure a major interstate through downtown Houston that would place lanes below ground level, alleviate congestion and give the city a dramatic face lift. Lenz, whose nonprofit association represents businesses and other groups north of downtown, said the segment of I-45 through Houston is...

  • Southwestern Energy meets 1Q profit forecasts Thursday, 23 Apr 2015 | 4:33 PM ET

    HOUSTON _ Southwestern Energy Co. on Thursday reported first-quarter earnings of $78 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share. Southwestern Energy shares have decreased 3 percent since the beginning of the year, while the Standard& Poor's 500 index has increased roughly 3...

  • It was a markedly more-confrontational speech to the conference than last year, when McCarthy became the first EPA chief to attend and deftly sought to find common ground with the hundreds of oil, coal and utility executives who attend the annual meeting. The EPA proposed rules last summer designed to slash carbon emissions from power plants.

  • April 23- PulteGroup Inc reported a surprise slide in quarterly profit after home sales fell 28 percent in the pricey U.S. PulteGroup sold only 248 homes in the Northeast where it usually claims the highest average selling price. In 2014, when PulteGroup's countrywide average price stood at $329,000, it commanded $452,000 on average in the NorthEast.

  • NEW YORK, April 23- Oil prices jumped 3 percent on Thursday to their highest levels of this year, after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies. "The Saudi escalation of its Yemen campaign is producing exactly the kind of geopolitical tensions oil is known to rally for,"...

  • *Saudi-led coalition resumes bombing of Yemen. LONDON, April 23- Brent crude oil rose more than a dollar to above $64 a barrel on Thursday on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen. Yemen is a tiny oil producer but the Bab el- Mandeb Strait on its southern coast controls access to the Red Sea, Suez Canal and the...

  • Stewart Information Services posts 1Q loss Thursday, 23 Apr 2015 | 9:42 AM ET

    HOUSTON _ Stewart Information Services Corp. on Thursday reported a loss of $12.4 million in its first quarter. Stewart Information Services shares have climbed 8.5 percent since the beginning of the year. Keywords: Stewart Information Services, Earnings Report.

  • Cameron tops Street 1Q forecasts Thursday, 23 Apr 2015 | 7:51 AM ET

    HOUSTON _ Cameron International Corp. on Thursday reported first-quarter earnings of $49 million. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Thirteen analysts surveyed by Zacks expected $2.26 billion.

  • LONDON, April 23- Oil prices steadied on Thursday as news of another steep rise in U.S. crude inventories countered concerns over the security of Middle East supplies due to an escalating conflict in Yemen. Saudi-led coalition warplanes bombed Yemen again on Thursday despite an announcement by Riyadh that it was ending its campaign of air strikes.

  • UPDATE 2-Oil prices edge lower on rising US inventories Thursday, 23 Apr 2015 | 3:33 AM ET

    SINGAPORE, April 23- Oil prices fell slightly on Thursday as rising U.S. crude inventories due to robust shale production outweighed concerns over renewed air strikes in Yemen. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

  • SINGAPORE, April 23- Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

  • Oil prices extend gains as Yemen bombing continues Wednesday, 22 Apr 2015 | 10:08 PM ET

    SINGAPORE, April 23- Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh that it was ending its campaign of air strikes. While Yemen itself is not among the biggest oil...

  • HOUSTON, April 23- There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover. Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives...