Istmo Energy LLC announced the start of commercial operations at the first of two rail terminals under its control. The Pecos-East Rail Terminal Istmo acquired in 2021, located in Pecos, Texas, consists of two unit-train loops with more than 20,000 ft. of usable track and direct connection to the UPRR.
Read MoreDay: August 19, 2022
Shale Producers Facing Hedging Losses
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research showed. Many shale operators offset their risk exposure through derivative hedging, helping them to raise capital for operations more efficiently. Those who hedged at lower prices last year are in…
Read MoreHighPeak Comments on Second-Quarter Success, Flat Top Frac Operations
HighPeak Energy announced that net sales volumes, excluding the acquired Hannathon production during the second quarter 2022 averaged 21,995 Boe/d, consisting of approximately 86% oil and 95% liquids.
Read MoreSmart Sand Trumpets Successful Second Quarter
Smart Sand Inc. announced results for the second quarter 2022. Revenues were $68.7 million in the second quarter of 2022, compared to $41.6 million in the first quarter of 2022 and $29.6 million in the second quarter of 2021. Revenues increased in the second quarter, compared to both the first quarter of 2022 and the second quarter of 2021, due…
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures were down 13 cents, or 0.1%, at $96.46 a barrel at 1339 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up 28 cents, or 0.3%.
Read MoreElgin Sweeper Releases New Broom Badger
The enhanced, Elgin-manufactured Broom Badger is a compact, highly maneuverable street sweeper, the latest in the innovative lineup from Elgin Sweeper, a global manufacturer of street sweepers. Once again Elgin engineers incorporated updates based on extensive customer feedback.
Read More