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Continental sees 700,000 barrel a day decline in US oil output

2015-04-21 16:57:10| Electronics - Topix.net

Daily crude output from the three largest US basins may fall as much as 700,000 barrels over the next year, according to Harold Hamm, chief executive officer of Continental Resources Inc. [NEW YORK] Daily crude output from the three largest US basins may fall as much as 700,000 barrels over the next year, according to Harold Hamm, chief executive officer of Continental Resources Inc. Producers including Continental, owner of the most acreage in North Dakota's Bakken Shale, have cut drilling to save costs after oil prices plummeted, Mr Hamm said Tuesday on CNBC. Output has begun to decline, which will lead to higher prices, he said.

Tags: day oil output continental

 

Revenue, net income decline at Kimberly-Clark

2015-04-21 15:34:22| Paper - Topix.net

The Irving-based consumer products maker reported a 4 percent decline in revenue and a 13 percent drop in net income for the period ended March 31. Kimberly-Clark said it generated $4.69 billion in revenue compared to $4.88 billion in the year-earlier period. Net income was $468 million compared to $538 million.

Tags: net income revenue decline

 
 

CME: Market Uncertainty Causes Hog, Cattle Futures Decline

2015-04-21 02:00:00| ThePigSite - Industry News

US - Lean hog futures declined last week due to hog supply uncertainties, but the decline was not as steep as cattle futures, which remain jittery, write Steve Meyer and Len Steiner.

Tags: market decline uncertainty cattle

 

Halliburton reports an 'unprecedented decline in drilling...

2015-04-21 00:00:01| Energy - Topix.net

But the big story is the impact the oil plunge, and the subsequent decline in drilling activity, is having on the company. A net loss of $643 million, or 76 cents a share versus a profit of $622m, or 73 cents a share the previous year.

Tags: reports decline drilling unprecedented

 

EPA Highlights Decline In Methane Emissions From Natural Gas Production

2015-04-17 08:32:21| oilandgasonline News Articles

“The latest inventory shows that U.S. producers continue to make dramatic improvements, with net methane emissions from natural gas production falling 38 percent since 2005,” said Howard J. Feldman, API senior director of regulatory and scientific affairs.

Tags: natural production gas highlights

 

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