Carolyn Davis

A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit tossed a petition to halt the Evangeline Pass Expansion underway by Kinder’s Tennessee Gas Pipeline Co. LLC. …

The slump in natural gas prices has pressured the U.S. land market, but signs are emerging that the rig count may be “nearing a leveling off point,” according to the CEO of Helmerich & Payne Inc. (H&P). Activity between January and March in the Lower 48 was fairly solid, CEO John Lindsay said during the…

The imminent startup of Canada’s Trans Mountain oil pipeline, with LNG Canada set to ramp late this year, should provide “significant tidewater access” to boost near-term activity, according to the CEO of Calgary-based Precision Drilling Corp.  CEO Kevin Neveu laid out the near-term forecast for the international contract drilling expert during the recent quarterly conference…

The exploration and production sector may be feeling the heat from slumping natural gas prices, but they had little impact on Enterprise Products Partners LP’s Permian Basin operations during the first quarter, executives said Tuesday. Driven by its operations in West Texas, natural gas transportation volumes during 1Q2024 improved from a year ago to 18.6…

The Gulf of Mexico (GOM) for decades was the breadbasket for U.S. natural gas and oil production, but the Lower 48 took over as unconventional drilling uncorked massive reserves. As onshore activity has waned, however, the deepwater is once again beckoning. Enverus Intelligence Research (EIR) director Andy McConn recently shared the firm’s outlook about the…

Chevron Corp.’s domestic operations, particularly in the Permian Basin, performed “stronger than we had anticipated” in the first quarter, with improved cycle times and natural gas and oil output, CEO Mike Wirth said Friday. During a conference call to discuss quarterly performance, Wirth explained to analysts how the Permian portfolio improved as the wellhead-to-sales times…

ExxonMobil will add more natural gas – including LNG – into the portfolio, both in the United States and overseas, as long as they are “advantaged investment opportunities,” according to CEO Darren Woods. During the quarterly conference call on Friday, Woods was asked whether more liquefied natural gas assets would be added to the portfolio…

Dallas-based independent Matador Resources Co. delivered better-than-expected results during the first quarter, with Permian Basin-heavy natural gas production jumping 36%. Gas output reached nearly 390 MMcf/d, 4% higher than guidance. That came even as average realized gas prices were $2.96/Mcf, about 25% lower year/year. What stoked the performance was the diversified portfolio, executives explained during…

Performance in Latin America during the first quarter proved to be strong for Halliburton Co. and Weatherford International plc, with each reporting double-digit revenue gains from a year ago. The oilfield services giants joined SLB Ltd. and Baker Hughes Co. in reporting their quarterly results. SLB reported a 2% gain in sales year/year across its…