The Permian Basin of west Texas and southeast New Mexico is seeing an exploration renaissance, according to Oilprice.com.» Read More
Federal Reserve advanced in the Senate on Tuesday, along with two other nominees to the U.S. central bank, setting the table for their expected confirmation later this week.
SAN FRANCISCO, June 10- Google Inc said on Tuesday it is acquiring satellite company Skybox Imaging for $500 million in cash, the Internet company's second high-profile acquisition of an aerospace company this year. Google said that Skybox's satellites will provide images for Google's online mapping service.
DETROIT, June 3- Tesla Motors Inc is now looking at three sites, instead of two, to begin construction for its lithium-ion battery plant in the United States, Chief Executive Elon Musk said on Tuesday.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas producer at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
As drought bakes nearly half the country, an expert says we may have to return to the days of WWII to ease the pain.
CHICAGO, May 15- Crop land prices in the central Plains were steady to weaker in the first quarter of 2014 compared to the previous quarter as lower grain prices weighed on the outlook for farm income this year, the Federal Reserve Bank of Kansas City said on Thursday.
NEW YORK, May 9- Nuevo Midstream LLC has hired Barclays PLC to explore a sale of the U.S. natural gas pipeline infrastructure company that could fetch more than $2.5 billion, sources familiar with the matter said on Friday.
May 7- Viper Energy Partners LP, an affiliate of oil and gas company Diamondback Energy Inc, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.
May 6- Western Refining Inc and HollyFrontier Corp said they expect refining margins to grow in coming quarters due to lower crude costs. The price for West Texas Intermediate crude oil for delivery into Midland, Texas, which Western Refining and HollyFrontier access easily, is lower than the price for the benchmark crude in Cushing, Oklahoma.
Inland refiners such as Western Refining, HollyFrontier Corp and Marathon Petroleum Corp are benefiting from easy access to cheap shale crude, boosting their refining margins.
The latest increase was 3.07 cents to an average retail price of $3.7225 per gallon of regular grade gasoline, according to survey, which was conducted on May 2. Light crude prices on the New York Mercantile Exchange have declined 4.8 percent over the last week and a half from a recent high of $104.77 a barrel on April 24 to the most recent close of $99.76 on May 2.
April 28- Energy Transfer Partners LP, owner of gasoline retailer Sunoco Inc, said it would buy Susser Holdings Corp and create a separate retail company as it focuses on its core pipeline business.
April 28- Energy Transfer Partners LP, owner of gasoline retailer Sunoco Inc, said it would buy Susser Holdings Corp in a deal valued at $1.8 billion to create a standalone retailing business.
*Susser shares rise 14 pct before the bell. April 28- Pipeline company Energy Transfer Partners LP said it would buy Susser Holdings Corp in a cash-and-stock deal valued at $1.8 billion to expand its retail gasoline business to Texas, New Mexico and Oklahoma.
NEW YORK/ WASHINGTON, April 23- A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts.
April 14- Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world. The 20- person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.
PHILADELPHIA, April 10- A Philadelphia judge on Thursday set aside most of an arbitration ruling that could have cost the state of Pennsylvania some $180 million from a landmark 1998 settlement with the nation's tobacco companies.
April 9- Chevron Corp, the second-largest oil company in the United States, said on Wednesday it expected first-quarter income to slip because of high currency conversion costs and environmental charges in its mining unit.
April 9- Chevron Corp, the second-largest oil company in the United States, said on Wednesday it expected first-quarter income to slip from the prior quarter because of high currency conversion costs and one-time charges in its mining unit.
Shares of La Quinta fell as much as 2 percent in their trading debut on Wednesday, though they later rebounded and rose slightly.