3Q2023 earnings

Excelerate Energy Inc. has expanded its operations in South Asia after agreeing to supply Bangladesh with more LNG.  Excelerate, headquartered in The Woodlands north of Houston, has one of the world’s largest portfolios of floating liquefaction terminals. It signed a 15-year sales and purchase agreement (SPA) with state-owned Petrobangla to provide up to 1 million…

In the face of operational issues across its gathering and processing systems in the third quarter, Targa Resources Corp. is progressing projects in the Permian Basin to meet the infrastructure needs of producers anticipating strengthening export demand.  Operations commenced at Houston-based Targa’s Greenwood plant in the Permian’s Midland sub-basin ahead of schedule in October and…

Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…

Chesapeake Energy Corp. has turned to another global commodity trader to help expose more of its U.S. natural gas production to international markets, inking a tentative deal with Vitol Inc. to sell up to 1 million metric tons/year (mmty) of LNG. The heads of agreement (HOA) follows one that Chesapeake signed earlier this year with…

Comstock Resources Inc. has forged a midstream partnership to boost outflow from its western Haynesville Shale assets as it looks past the current slump of natural gas prices into a future of surging Gulf Coast LNG demand. The Frisco, TX-based independent disclosed it is contributing its Pinnacle gathering system and 145-mile associated pipeline, as well…

Enterprise Products Partners LP said Tuesday it would spend $3.1 billion on four new projects in the Permian Basin to increase midstream capacity and meet growing demand for natural gas and other fossil fuels. The new projects include two natural gas processing plants in the Delaware and Midland sub-basins, a 550-mile Bahia natural gas liquids…

Dallas-based Matador Resources Co., which works in the Permian Basin, Haynesville and Eagle Ford shales, achieved record results during the third quarter, with natural gas production up 28% from a year ago and 6% higher sequentially.  The stronger output came in part following the takeover earlier this year of Permian producer Advance Energy Partners Holdings…

The mega-mergers by the two largest U.S.-based producers – and rumors of more tie-ups to come – are positive for business and demonstrate the value of natural gas and oil long term, Halliburton Co. CEO Jeff Miller said Tuesday. Miller held a conference call to discuss third quarter results for the Houston-based oilfield services (OFS)…