Halliburton Co. CEO Jeff Miller said Tuesday the company is prepared to face the “biggest test” for the U.S. natural gas and oil industry in five years by following the usual playbook and proactively stacking equipment and cutting expenses.
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4Q2019 Earnings: Halliburton Right Sizing North American Land Business to Hold Market Share
Halliburton Co. CEO Jeff Miller said Tuesday the company is prepared to face the “biggest test” for the U.S. natural gas and oil industry in five years by following the usual playbook and proactively stacking equipment and cutting expenses.
Extraction to Refile 3Q Earnings Report Because of Accounting Error
Denver-based Extraction Oil and Gas Inc. on Monday said it planned to refile its quarterly financial statements issued in November for 3Q2019 and the first nine months of the year after determining there were “material misstatements.”
Ultra Drops Another Rig in Wyoming as Focus on Cost Reduction Narrows
Wyoming pure-play Ultra Petroleum Corp. plans to drop another drilling rig in the third quarter in pursuit of positive free cash flow (FCF).
WPX Boosts Output Guidance, Replicates Permian Well Design in Williston
Tulsa-based WPX Energy Inc. boosted its outlook for 2019 production targets following the replication of its Texas well design in the Williston Basin in North Dakota.
Enbridge Expects Ramp Up in NatGas Pipe Integrity Costs; ‘Hearts Go Out’ to Victims of KY Blast
Enbridge Inc., which has experienced two high-profile disruptions on its Texas Eastern Transmission (Tetco) system this year, including last week’s deadly explosion in Kentucky, said it expects higher “integrity expenditures” for its gas transmission business to continue through the end of the year.
Seneca to Cut Spending, Drop Rig in Appalachia on Low NatGas Prices
National Fuel Gas Co. (NFG) exploration and production subsidiary Seneca Resources Corp. plans to cut spending next year and slow its operations in the Appalachian Basin as the natural gas outlook remains bleak.
BHGE Gains on Stronger LNG Equipment Demand, Overseas Activity
The expansion worldwide in global liquefied natural gas (LNG) demand and growing international oil and gas services helped lift the second quarter performance of Baker Hughes, a GE company (BHGE).
Enterprise Hits On All Cylinders in 2Q with Record Volumes in Natural Gas, NGL Businesses
Houston-based Enterprise Products Partners LP’s volumes climbed almost across the board during the second quarter on stronger activity in the natural gas pipelines, liquids fractionation, petrochemical and oil systems, with most of the business moving supply from the Permian Basin to the Texas coast and beyond.
Superior Energy Reduces Permian Crews in 2Q, Sees Continued Onshore Challenges
Superior Energy Services Inc.’s U.S. land revenue fell sharply in the second quarter after the Houston company elected to operate fewer Permian Basin pressure pumping fleets in West Texas.