Profits

Carrizo CEO: ‘Not Treading Water’ With Gas

Like many, but not all, producers, Houston-based Carrizo Oil & Gas Inc. has shifted to oil because that’s where the profits are.

November 8, 2012

Williams Slumps on Low Natural Gas Prices, NGL Frac Spreads

Williams, whose natural gas midstream and pipeline infrastructure stretches from Canada into the deepwater Gulf of Mexico, is tweaking its earnings forecasts lower for the next two years based on conversations with customers that indicate activity will be slower in the short term.

November 5, 2012

Williams Slumps on Low Natural Gas Prices, NGL Frac Spreads

Williams, whose natural gas midstream and pipeline infrastructure stretches from Canada into the deepwater Gulf of Mexico, is tweaking its earnings forecasts lower for the next two years based on conversations with customers that indicate activity will be slower in the short term.

November 5, 2012

Halliburton Won’t ‘Chase’ North American Business, Says CEO

Halliburton Co. reported Wednesday that its profits fell in 3Q2012 from a year earlier in part because of inflated raw materials, but the company also took a sharp hit from the decline in U.S. onshore drilling, which likely won’t accelerate until next year, company executives said Wednesday.

October 18, 2012

Sempra Still Touting REX Pipeline’s Value

Despite taking a significant hit in its 2Q2012 profits related to its 25% interest in the Rockies Express Pipeline (REX), which is now on the sales block, San Diego-based Sempra Energy executives view the natural gas pipeline as a “significant” asset long term because of its potential role in moving gas bidirectionally from the developing parts of the Utica and Marcellus shales.

August 13, 2012

Sempra Takes Charge for REX But Touts Pipeline’s Value

Despite taking a significant hit in its 2Q2012 profits related to its 25% interest in the Rockies Express Pipeline (REX), which is now on the sales block, San Diego-based Sempra Energy executives view REX as a “significant” asset long term because of its potential role in moving natural gas bidirectionally from the developing parts of the Utica and Marcellus shales.

August 8, 2012

U.S. Onshore, GOM Fuel Record Anadarko Output

U.S. onshore and deepwater Gulf of Mexico (GOM) output helped Anadarko Petroleum Corp. post record sales volumes in the second quarter, but profits plunged following a $978 million write-down related to low natural gas prices on coalbed methane (CBM) properties.

August 1, 2012

Southwestern Releases Brown Dense Results

Although its profits fell while production grew, Southwestern Energy Co. said its drilling programs in both the Fayetteville and Marcellus shales remain profitable. But the Houston-based company also plans to divert $50 million in midstream capital toward ventures in the Brown Dense formation and the Denver-Julesburg (DJ) Basin.

May 7, 2012

Transco Primed to Deliver for Marcellus Customers, Says Williams CEO

Williams management said Thursday it is primed for continued growth from the Marcellus Shale because producers want more natural gas takeaway capacity and stalwart Transcontinental Gas Pipe Line (Transco) is ready to deliver the goods.

April 27, 2012

Chevron: U.S. Gas Prices to Impact Quarterly Profits

Chevron Corp.’s first quarter profits should exceed those from the final period of 2011, in part because of lower costs and higher oil prices, but it still will be impacted because of lower natural gas prices, the San Ramon, CA-based major said late Tuesday in an interim report.

April 12, 2012