Fourth Quarter

Enable Eyeing Increased Activity, Scale in Midcontinent After Merger

Enable Eyeing Increased Activity, Scale in Midcontinent After Merger

Oklahoma’s Enable Midstream Partners LP has seen an increase in drilling activity around its footprint as commodity prices have improved, with a “substantial” inventory of drilled but uncompleted (DUC) wells sitting behind the company’s system in the Anadarko and Williston basins. “These DUCs provide an inventory of wells producers can complete without investing additional drilling…

March 3, 2021
MPLX’s 2021 Capex Lower, Preparing for Long Post-Covid Recovery

MPLX’s 2021 Capex Lower, Preparing for Long Post-Covid Recovery

The Marcellus Shale and Permian Basin remain growth areas for MPLX LP, but the operator plans to put more of an emphasis on “strict” capital and cost discipline going forward as uncertainty regarding the Covid-19 pandemic lingers. CEO Michael Hennigan said the midstream giant is targeting only $800 million in growth capital spending in 2021,…

February 3, 2021
BP ‘Greening,’ as Oil, Natural Gas Alternatives Evolve, Says Looney

BP ‘Greening,’ as Oil, Natural Gas Alternatives Evolve, Says Looney

BP plc CEO Bernard Looney is juggling dozens of balls as the supermajor ramps up oil and natural gas projects worldwide, but the focus long term, he said Tuesday, is centered on ways to expand the opportunities toward a low carbon future. Speaking from London during a webcast to discuss quarterly results, Looney said last…

February 2, 2021
‘Greater Visibility’ for Stronger E&P Activity by Private, Public Operators, says RPC Chief

‘Greater Visibility’ for Stronger E&P Activity by Private, Public Operators, says RPC Chief

Oil and gas supply and demand appears now to be heading in opposite directions, setting the stage for a potential upcycle in the industry, RPC Inc. CEO Richard A. Hubble said Wednesday. Hubble, who runs the Atlanta-based oilfield services (OFS) giant, discussed the fourth quarter performance and outlook for 2021 during a conference call. RPC…

January 27, 2021

4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs

Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.

January 29, 2020

Chesapeake Energy Reports Progress on Debt Reduction

Chesapeake Energy Corp. said Wednesday it is making progress on debt reduction measures nearly three months after warning that low commodity prices could push the company into bankruptcy.

January 29, 2020

4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs

Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.

January 29, 2020

Chesapeake Energy Reports Progress on Debt Reduction

Chesapeake Energy Corp. said Wednesday it is making progress on debt reduction measures nearly three months after warning that low commodity prices could push the company into bankruptcy.

January 29, 2020

Anadarko’s Natural Gas Portfolio Shines, but Downturn in Oil Market Dents 4Q Results

Natural gas proved a bright spot in Anadarko Petroleum Corp.’s fourth quarter results as the super independent missed Wall Street estimates by a wide margin on the rapid deterioration late last year in liquids prices.

February 6, 2019
Shell Profits Highest in Four Years as CEO Vows Continued Capital Discipline

Shell Profits Highest in Four Years as CEO Vows Continued Capital Discipline

Royal Dutch Shell plc CEO Ben van Beurden, who promised three years ago that the company would hit its targets after the biggest-ever acquisition of BG Group plc, is close to delivering on every metric, after eye-popping results during the fourth quarter.

January 31, 2019