Fourth

Freeport LNG Fully Funds Fourth Train with $1B Loan

Freeport LNG Fully Funds Fourth Train with $1B Loan

The liquefied natural gas (LNG) export project in service on Quintana Island in Texas by Freeport LNG on Monday said it has secured all of the funding needed to add a fourth train.

September 10, 2019
ACP’s Appalachian Crossing Still in Limbo as Fourth Circuit Denies Rehearing

ACP’s Appalachian Crossing Still in Limbo as Fourth Circuit Denies Rehearing

The U.S. Court of Appeals for the Fourth Circuit late Monday denied an Atlantic Coast Pipeline LLC (ACP) petition to rehear a December ruling that overturned key federal approvals for the project, another legal setback that could see the company take its case to the U.S. Supreme Court.

February 26, 2019

SM Energy ‘Shrinking to Grow’ This Year

On Thursday, Jay Ottoson, CEO of Denver-based SM Energy Co., said that following a transformative 2016, the independent producer will “shrink to grow” this year.

February 23, 2017

Rex Energy Production Flat as Company Works Toward Growth

Rex Energy Corp. finished the fourth quarter within guidance but saw its production remain flat both sequentially and year/year as it works to finish drilling to hold core acreage in Ohio and Western Pennsylvania ahead of plans for growth over the next two years.

January 25, 2017

Same Counties, Operators Drove Ohio’s Triple-Digit Shale Growth in 2015

Ohio’s unconventional oil and natural gas production skyrocketed in 2015, with each growing by about 100% from 2014 levels. An analysis of the data shows that many of the same operators and counties continue to push those volumes higher.

March 11, 2016
Chevron Reports First Quarterly Loss Since 2002; U.S. Unit Loses $1.95B

Chevron Reports First Quarterly Loss Since 2002; U.S. Unit Loses $1.95B

Chevron Corp. surprised Wall Street on Friday with a quarterly loss, its first in 13 years, after the upstream arm was crushed by falling commodity prices.

January 29, 2016

Not ‘Business as Usual,’ But Enterprise Reports Profitable 4Q

Enterprise Products Partners LP was able to hold its own during a fourth quarter that was anything but business as usual with regard to commodity prices.

January 28, 2016

Many U.S. E&Ps Taking Extended Break at Thanksgiving, Says Fairmount CEO

Many U.S. exploration and production (E&P) companies may take a longer holiday break than usual this year, halting work crews beginning the week of Thanksgiving through New Year’s Day, leading to more distress in the oilfield services industry, Fairmount Santrol Inc.’s CEO said Thursday.

November 13, 2015

KMI Weathers Commodity Downturn as CEO Change Approaches

Kinder Morgan Inc.’s (KMI) largely fee-based businesses continued to weather the storm of lower commodity prices during the fourth quarter, CEO Rich Kinder said Wednesday during an analyst briefing in which he announced that he will be leaving the CEO post June 1.

January 22, 2015
Oilfield Services Provider Tesco Expects Pinch in 4Q2014, 2015

Oilfield Services Provider Tesco Expects Pinch in 4Q2014, 2015

Tesco Corp., an oilfield services company based in Houston, said the collapse of world oil prices has caused several of its customers to either delay or cancel requests for its services, and it warned that its financial results for 4Q2014 and the full-year 2015 will be affected.

December 23, 2014
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