Growth

4Q2019 Earnings: MPLX Remains Focused on Permian, Trims Capex Another $500M

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

February 4, 2020

4Q2019 Earnings: MPLX Remains Focused on Permian, Trims Capex Another $500M

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

February 4, 2020

4Q2019 Earnings: Natural Gas Supply, LNG Demand Solid for Long Term, Says Baker Hughes

Recent spot price weakness and fewer sanctions expected this year for export projects have not changed the overall long-term supply and demand picture for liquefied natural gas (LNG), Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.

January 22, 2020

4Q2019 Earnings: Natural Gas Supply, LNG Demand Solid for Long Term, Says Baker Hughes

Recent spot price weakness and fewer sanctions expected this year for export projects have not changed the overall long-term supply and demand picture for liquefied natural gas (LNG), Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.

January 22, 2020
Devon Boosts ’19 Oil Output Forecast on Strong Permian Delaware Results

Devon Boosts ’19 Oil Output Forecast on Strong Permian Delaware Results

Devon Energy Corp. has increased its projections for Lower 48 oil production growth to 17% from 2018, up 200 basis points from previous guidance, on improving well productivity and capital efficiencies, particularly in the Permian Basin.

May 1, 2019

Permian Helping Fuel Oversupply as NatGas Prices Headed for ‘Down Year,’ Says Raymond James

Facing an oversupply that has been compounded by associated gas growth in the Permian Basin, natural gas prices could be headed for a “down year” in 2019 as demand is unable to keep up, according to analysts with Raymond James & Associates Inc.

April 2, 2019
Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Natural gas demand emerged as the global fuel of choice last year, particularly in the United States and China, as energy consumption worldwide increased by 2.3%, the fastest pace this decade, the International Energy Agency (IEA) said Monday.

March 25, 2019

MDU Eyeing Bakken Pipeline Growth, M&A Activity

MDU Resources Group Inc. senior executives earlier this month promised to expand the midstream pipeline and construction business units following a “solid” performance in 2018 by all of the businesses.

February 20, 2019
Appalachian Producers Tempering Forecasts in Response to Flooded Natural Gas Market

Appalachian Producers Tempering Forecasts in Response to Flooded Natural Gas Market

The tenacious natural gas production growth that has characterized the Appalachian Basin over the last decade finally appears to be slowing as an epic pipeline buildout nears its conclusion, demand ebbs and operators realign their visions for the future.

January 29, 2019
Big Oil, Super Independents Appear Unlikely to Slow North American Activity in 2019

Big Oil, Super Independents Appear Unlikely to Slow North American Activity in 2019

North American exploration spending in 2019 is tracking higher for the third consecutive year, albeit at a slower pace, with natural gas-heavy budgets poised to reset higher, while oil operators weigh the implications of extended lower prices.

December 11, 2018
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