ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.» Read More
PITTSBURGH-- The wheeling and dealing over the natural gas-rich Marcellus Shale has hit the pause button. PwC said low natural gas prices were the main factor, not the output or potential of the vast shale gas formation that lies under parts of Pennsylvania, West Virginia, New York, Ohio and Maryland.
Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits. Conoco had record output in the Eagle Ford basin in south Texas, while Occidental saw strong production of higher-priced crude oil in the Permian Basin.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.
AUSTIN, Texas-- SolarWinds' third-quarter profit rose 8 percent, helped by steep increases in both license and maintenance revenue. SolarWinds said its license revenue jumped 33 percent to $34 million, while maintenance revenue increased 33 percent to $37.7 million.
Oct 25- ConocoPhillips reported a lower third-quarter profit on Thursday that beat analysts' estimates, as it produced more crude than expected from high-margin fields such as the Eagle Ford and Bakken.
AUSTIN, Texas-- Texas school districts are racking up escalating taxpayer debt to build new classrooms and buy equipment, the state's Republican comptroller said Thursday, as a trial gets under way on how the state funds public schools after slashing spending by $5.4 billion.
BILLINGS, Mont.-- A Texas company has bought oil and gas leases on almost 75,000 acres in northeast Montana's McCone County in a move that could portend a significant westward expansion of the Bakken oil patch, government officials and a company representative said Wednesday.
McALLEN, Texas-- Stephan T. Wingert was named publisher Wednesday of The Monitor newspaper and as regional vice president responsible for all AIM Media Texas properties in the Rio Grande Valley.
HOUSTON-- ConocoPhillips said Thursday that net income fell 30 percent in the third quarter as it sold assets and oil and natural gas prices fell. Houston- based ConocoPhillips made $1.8 billion, or $1.46 per share, compared with $2.6 billion, or $1.91 per share, a year earlier.
HOUSTON-- Noble Energy, while wresting with falling natural gas prices and a hurricane in the Gulf of Mexico, topped Wall Street expectations for the third quarter. The Houston energy producer said Thursday that its net income totaled $221 million, or $1.23 per share, in the July-through-September quarter.
HOUSTON-- Linn Energy LLC posted a $430 million loss for the third quarter on Thursday because of losses from commodity derivatives intended to reduce fluctuations in cash flow. The company said that without the hedging losses, it would have earned $89.8 million, or 45 cents per share.
SPRING, Texas-- Investigators say a man suspected of trying to steal copper wire has been found dead at an electrical substation near Houston. The Montgomery County Sheriff's Office on Thursday said investigators believe 37- year-old Harold Gene Schneider was electrocuted in the theft process.
HOUSTON-- Oil and natural gas driller Patterson-UTI Energy Inc. said Thursday that its third-quarter net income fell almost 38 percent as demand fell for drilling rigs in the U.S. The company earned $50.8 million, or 33 cents per share, for the quarter that ended Sept. 30.
Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with New Jersey- based Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.
LOS ANGELES-- Four years after a private eye went to prison for wiretapping phones of the rich and famous on behalf of celebrities and Hollywood heavyweights, his clients are facing hefty bills for his skullduggery.
HOUSTON-- National Oilwell Varco Inc. said Thursday that third-quarter profit rose 14 percent, and it predicted strong fourth-quarter demand for drilling rigs used in deep water. Net income was $612 million, or $1.43 per share, compared with $532 million, or $1.25 per share, a year earlier.
DALLAS-- Two business associates of former Dallas Cowboys linebacker Eugene Lockhart Jr. have been sentenced to prison in a $20 million mortgage scam. A federal judge in Dallas on Wednesday sentenced William Randolph Tisdale Jr. to 10 years for conspiracy to commit wire fraud and bank fraud.
PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with the Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.