FINWIRES · TerminalLIVE
FINWIRES

NWS Warns of Tropical Storm Bertha Impact in Gulf Coast

By

The US National Weather Service said tropical storm conditions are likely in parts of the Gulf Coast stretching from the panhandle of Florida into Louisiana through Wednesday due to the presence of tropical storm Bertha.

The NWS issued a tropical storm warning early Wednesday for Florida's De Funiak Springs, Pensacola and Panama City, primarily served by NextEra Energy (NEE) subsidiary Florida Power & Light.

A similar warning was raised for Alabama's Mobile, which falls under the service area of Southern Company (SO) unit Alabama Power.

Also covered under a tropical storm warning were New Orleans and parts of Houma in Louisiana. An extreme heat warning was issued for the remaining parts of the state, except for parts of Monroe and Shreveport. Entergy's (ETR) Louisiana subsidiaries, Cleco, and American Electric Power (AEP) unit Southwestern Electric Power Company are the major power suppliers in Louisiana.

An extreme heat warning was raised for Mississippi's Vicksburg, Jackson, Brookhaven, Natchez, McComb, Hattiesburg, while Gulfport was covered by a tropical storm warning. Southern Company unit Mississippi Power and Entergy's Mississippi unit are the primary service providers in the state.

The NWS issued an extreme heat warning for the following places in Texas: Gainesville, Bowie, Sherman, Jacksboro, Decatur, Denton, Greenville, Sulphur Springs, Graham, Fort Worth, Dallas, Emory, Granbury, Canton, Waxahachie, Tyler, Athens, Stephensville, Lufkin, Corsicana, Cleburns, Hillsboro, Palestine, Waco, Fairfield, Gatesville, Temple, Centerville, Cameron, Hearne, Bryan, Beaumont, Galveston, Bay City, and Houston. Meanwhile, a flood warning was raised for Cotulla and George West.

CenterPoint Energy (CNP), the Texas units of AEP and Entergy, SWEPCO, and TXNM Energy's (TXNM) TNMP are among the major electricity providers in these places.

In Arizona, a similar warning was raised for Parker, Yuma, Dateland, Gila Bend, Phoenix, Casa Grande, Wickenburg, Lake Havasu City, Kingman, and Bullhead City. The state is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.

Las Vegas and Beatty in Nevada, where Berkshire Hathaway Energy unit NV Energy is the primary service provider, were also covered under the extreme heat warning watch.

Affected areas in California include Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Death Valley, Baker, Barstow, Palmdale, Campo, Mount Laguna, Julian, Borrego Springs, Indio, Temecula, Ontario, Chino, Riverside, Victorville, Hemet, Beaumont, and Wrightwood. PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy unit San Diego Gas & Electric are the major electricity service providers in these places.

The NWS issued a red flag warning for Oregon's Lakeview, Adel, Klamath Falls, Ashland, Medford, Shady Cove, Paisley, Silver Lake, Chemult, Crater Lake, Chiloquin, Bly, Burns, Madras, Prineville, Redmond, Cottage Grove, Williamette Pass, and Bend. These places are primarily served by PacifiCorp unit Pacific Power.

A flash flood was raised for Lawrenceburg, Centerville, and places near Clarksville in Tennessee, served by the Tennessee Valley Authority. Similar warnings were also raised for parts of Virginia, West Virginia, and Maryland.

Some areas of West Virginia and Ohio were also covered under a flood warning.

Related Articles

Commodities

Weatherford Q2 Results Highlight Global Contract Wins, Sees Stronger H2

Weatherford International (WFRD) reported Tuesday its Q2 results, highlighting several global contract awards, an agreement to acquire NCS Multistage and an improving second-half outlook despite continued geopolitical headwinds.Weatherford secured managed pressure drilling contracts from Noble Corporation (NE) in Nigeria and Constellation Oil Services, Ventura Offshore and Valaris (VAL) in Brazil. The Valaris award covers two years.The company also won a three-year, 247-well integrated drilling services contract from Petroleum Development Oman, a five-year framework agreement with Chevron (CVX) in Australia, a 22-month contract with PTTEP Thailand, and two five-year contracts from Kuwait Oil.The company also agreed to acquire NCS Multistage, expecting at least $15 million in annual cost savings within 18 months of closing.Management said H2 2026 margins should improve despite ongoing uncertainty in the Middle East, although it expects activity to recover gradually as regional stability returns.Weatherford also expects its proposed redomestication to Delaware to deliver $20 million to $30 million in annual cash savings beginning in 2027, subject to shareholder approval.Drilling and evaluation segment revenue declined to $291 million for the quarter ended June 30, compared with $335 million a year earlier, while well construction and completions revenue decreased to $433 million from $456 million.

$CVX$NE$VAL$WFRD
Commodities

US Crude Oil Inventories Rise, API Says

Data from the American Petroleum Institute revealed Tuesday that US crude oil inventories increased by 2.603 million barrels in the week ended July 17, following a 564,000-barrel draw the previous week, and compared with analysts' estimate of a 1.5-mmbbl decline according to a Bloomberg-compiled survey.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Commodities

Range Resources Posts Slight Production Growth in Q2

Range Resources (RRC) reported on Tuesday a total average production of 2.30 billion cubic feet of gas equivalent per day in Q1, compared with 2.20 Bcfe a year ago.The total production comprised 118,113 barrels of natural gas liquids, 6,475 bbls of oil and 1.55 billion cubic feet of natural gas.That compares with 110,209 bbls of NGLs, 6,382 bbls of oil and 1.50 Bcf of natural gas in the same period last year.During the quarter, Range drilled about 190,000 lateral feet across 11 wells and turned over about 300,000 feet across 21 wells, the natural gas exploration and production firm said.The Texas-based company reaffirmed its 2026 annual production guidance of 2.35 to 2.40 Bcfe per day, with liquids expected to remain above 30% of the total production mix.

$RRC