Texas Oil Company Asks Federal Court to Stop Insurance Companies’ $250 Million Demand for Additional Collateral
An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities.
Devon Energy Lower After Beating Q3 Views But Slashing DividendOil-and-gas explorer Devon Energy was trading lower Wednesday after Q3 results that beat views, but investors gave a thumbs down to a 13% dividend cut.
Why Oil Sands Producers Have Been Keeping Their Collective Foot On The Production AcceleratorPalm Beach, FL – April 19, 2022 – FinancialNewsMedia.com News Commentary – Oil sands, the workhorse of Alberta’s — and Canada’s — crude oil production growth, achieved a record production year in 2021. A steady turnaround in crude oil prices, improved market access, and the tried-and-true resilience of oil sands producers combined to drive the […]
