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Enterprise Shakes Off Impact from Weak Permian Natural Gas Prices
Earnings
Chesapeake ‘Encouraged’ by Natural Gas Demand Signals as Production Cuts Continue
Chesapeake Energy Corp. said Wednesday it would continue to curtail natural gas output until demand rebounds, forecasting another 400 MMcf/d of cuts in the second quarter. The company first announced the cuts in February and said they would mostly come by not turning wells in progress to sales. Chesapeake curbed 200 MMcf/d of output during…
May 1, 2024LNG
Feed Gas Flows, Vessel Traffic Indicate Stabilized Production at Freeport LNG
Feed gas flows to Freeport LNG continued to tick up as a fully loaded vessel left the Texas export facility for the first time in a week, indicating Train 3 operations could be stabilizing. Nominations of natural gas to the plant began increasing April 27 after hovering near zero for several days, according to Wood…
May 1, 2024Earnings
Canada E&P Outlook for Natural Gas ‘Surprisingly Strong,’ Despite Weak AECO Pricing, Says Precision CEO
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…
May 1, 2024Earnings
Antero Touts Premium Natural Gas and NGL Markets Exposure, Forecasts 2025 Market Rebalance
Appalachian Basin pure play Antero Resources Corp. expects the currently oversupplied natural gas market to balance over the next year as producers tap the brakes and export demand picks up. During a call to discuss first quarter earnings, CEO Paul Rady and his management team highlighted the natural gas liquids-rich production mix and exposure to…
May 1, 2024Trending News
Earnings
Chesapeake ‘Encouraged’ by Natural Gas Demand Signals as Production Cuts Continue
May 1, 2024Infrastructure