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  • Panhandle Oil & Gas reports 1Q loss Monday, 8 Feb 2016 | 4:39 PM ET

    OKLAHOMA CITY _ Panhandle Oil and Gas Inc. on Monday reported a fiscal first-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier. Panhandle Oil& Gas shares have dropped 9 percent since the beginning of the year. Keywords: Panhandle Oil& Gas, Earnings Report.

  • With more than $10 billion in bonds, the oil and gas producer's balance sheet is under pressure and its equity market capitalization is around just $1.2 billion. That is plenty to pay $500 million in debt due in March, though at least another $1.3 billion will come due through 2018.. Once a Wall Street darling that in many ways symbolized the U.S. fracking...

  • It reported cash on hand of about $1.8 billion on Sept. 30, according to public filings. That is plenty to pay $500 million in debt due in March, though another $1.3 billion will come due through 2018.. Chesapeake, once a Wall Street darling, has struggled since a governance crisis prompted the departure of its founder and former Chief Executive Aubrey McClendon in...

  • The company's shares plunged 51 percent to $1.50 in early trading. Chesapeake, which has more than $10 billion in debt, has been hit by a steep fall in both oil and gas prices. Chesapeake reported cash and cash equivalents of approximately $1.8 billion on Sept. 30, according to public filings.

  • NEW YORK— Chesapeake Energy sought to assure investors Monday that it is not planning to file for bankruptcy protection. The Oklahoma City company has slashed spending, sold assets and cut jobs to save money. For the nine months ended Sept. 30, Chesapeake Energy lost $12.63 billion, or $19.07 per share, compared with a year-earlier profit.

  • The company's shares plunged 51 percent to $1.50 in early trading. Chesapeake, which has more than $10 billion in debt, has been hit by a steep fall in both oil and gas prices. Chesapeake reported cash and cash equivalents of approximately $1.8 billion on Sept. 30, according to public filings.

  • NEW YORK, Feb 7- The average price of a gallon of gasoline in the United States fell 8.2 cents in the past two weeks to its lowest level in seven years, according to a Lundberg survey released on Sunday. Regular grade gas fell to around $1.82 per gallon in the Feb. 5 survey from $1.91 on Jan. 22, when the previous survey was taken. West Texas Intermediate, the U.S. benchmark,...

  • Gas prices drop 8 cents over past 2 weeks, to $1.82 Sunday, 7 Feb 2016 | 3:38 PM ET

    CAMARILLO, Calif.— The average price of gasoline has dropped 8 cents over the past two weeks, to $1.82 a gallon. In the Lower 48 states, the highest average price of regular gasoline was $2.62 per gallon in Los Angeles. The lowest was $1.44 in Tulsa, Oklahoma.

  • The town of Fairview, in northwest Oklahoma, has been hardest hit, but several large quakes also have rattled the well-to-do suburb of Edmond, including a 4.3- magnitude quake on Dec. 29 and a 4.2 temblor a few days later. "The state's given us nothing other than innuendo about what they think it is," said Fairview resident George Eischen. That includes $387,000 for the...

  • Correction: Las Vegas-Pay To Park story Thursday, 4 Feb 2016 | 2:40 PM ET

    LAS VEGAS— In a story Feb. 2 about MGM Resorts International outsourcing its Las Vegas Strip parking operations to a Chicago- based firm, The Associated Press erroneously reported the title of MGM Resorts executive Corey Sanders. SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte...

  • Orchids Paper misses Street 4Q forecasts Wednesday, 3 Feb 2016 | 6:09 PM ET

    PRYOR, Okla. _ Orchids Paper Products Co. on Wednesday reported fourth-quarter profit of $3.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Five analysts surveyed by Zacks expected $45.4 million.

  • Matrix Service misses Street 2Q forecasts Wednesday, 3 Feb 2016 | 5:47 PM ET

    TULSA, Okla. _ Matrix Service Co. on Wednesday reported fiscal second-quarter earnings of $5.4 million. Matrix Service expects full-year earnings to be $1.30 to $1.50 per share, with revenue in the range of $1.3 billion to $1.4 billion. Matrix Service shares have fallen nearly 6 percent since the beginning of the year.

  • NEW YORK, Feb 3- U.S. crude oil and gasoline inventories jumped more than expected last week to record highs, data from the Energy Information Administration showed on Wednesday. "I didn't expect to see that big of a build, but it didn't surprise me," said Tariq Zahir of Tyche Capital in Laurel Hollow, New York. "The bears are controlling the market, the bulls are only going...

  • SINGAPORE, Feb 3- Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Brent for April delivery had dropped 25 cents to $32.47 a barrel as of 0204 GMT, after settling down $1.52, or 4.4 percent. Prices are going to zig-zag for a...

  • The front month contract for West Texas Intermediate was down 40 cents at $29.48 at 0035 GMT, after settling down $1.74, or 5.5 percent, in the previous session. That came as U.S. crude stocks rose by 3.8 million barrels to 500.4 million in the week to Jan. 29, data from industry group, the American Petroleum Institute showed on Tuesday. Meanwhile, Iran is aiming for...

  • SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand, the company said. Valets were told during an afternoon employees' meeting that SP Plus will hire MGM Resorts' approximately 400 non-union parking service...

  • *U.S. crude settles below $30/ barrel. NEW YORK, Feb 2- U.S. and European stock indexes fell sharply on Tuesday and buyers sought safe-haven government bonds after another tumble in depressed oil prices. Benchmark Brent crude settled down 4.4 percent, while U.S. crude fell 5.5 percent, settling below $30 a barrel.

  • Mary Fallin on Monday proposed increasing the cigarette tax and expanding the sales tax to a variety of services that are currently exempt as a way to close an estimated $900 million hole in next year's budget. The Legislature is grappling with a hole in the budget of about $900 million, or about 13 percent less than lawmakers appropriated last year for...

  • SAN DIEGO, Jan 29- A proposal for an online auction that could shake up the U.S. pricing model for cattle made its public debut on Friday after a secret test run last week, with the support of a unit of the world's largest meatpacker. Terry Duffy, executive chairman of CME, said he was concerned about the decline in cash sales because futures contracts need a viable...

  • CHICAGO, Jan 29- Faced with unappealing prices for most major crops, farmers in the southern U.S. The region, stretching from Texas to Nebraska, is traditionally one of the world's leading producers of wheat and cattle. The U.S. Agriculture Department said farmers in Oklahoma planted fewer than 5 million acres of wheat for the first time since 1964..