Dominion Energy, Chevron: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Oil & Gas Rig Count Holds Steady - U.S. energy firms kept the number of oil and natural gas rigs unchanged for the week ending July 31. The rig count steadied at the all-time low of 251. (Reuters)

U.S. Crude Output in May Down by 2 Million Barrels per Day - U.S. crude oil production plummeted in May, falling a record 2 million barrels per day (BBL/d) to 10 million BBL/d, the U.S. Energy Information Administration said in a monthly report on Friday. (Reuters)

FINANCIAL
Dominion Takes $2.8 Billion Charge to Exit Atlantic Coast Pipeline - U.S. energy company Dominion Energy (NYSE:D) said on Friday it took a $2.8 billion charge in the second quarter related to the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina. Atlantic Coast was the most expensive U.S. gas pipeline under construction when Dominion and partner Duke Energy Corporation (NYSE:DUK) exited the $8 billion project earlier this month. (Reuters)

EARNINGS REPORTS
Chevron Reports $8.3 Billion Quarterly Loss - Chevron Corporation (NYSE:CVX) on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades. Chevron's oil and gas production write-downs totaled $5.6 billion. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.