Canadian natural gas producers and processors are discovering a way to increase supplies and profits without expensive drilling through increased efficiency.
Profits
Articles from Profits
Ruby Financing Ready to Go
El Paso Corp. turned its recent losses on their head in 1Q2010, reporting Thursday that it had net profits of $388 million (54 cents/share) versus a loss of $969 million (minus $1.41) in the year-ago period.
El Paso ‘Certainly’ Cash Flow Positive by 2012, Says Foshee
El Paso Corp. turned its recent losses on their head in 1Q2010, reporting Thursday that it had net profits of $388 million (54 cents/share) versus a loss of $969 million (minus $1.41) in the year-ago period.
Despite Earnings Hit, Dominion Focused on Development
A 30% decline in quarterly profits was within Dominion’s expectations and growth opportunities are within sight, according to the Richmond, VA-based company, which affirmed its 2010 operating earnings guidance range of $3.20-3.40/share.
Oil Spill Overshadows BP’s Strong Quarter
BP plc on Tuesday beat Wall Street’s earnings expectations in 1Q2010 by more than doubling adjusted profits from a year ago, but the positive news was overwhelmed by the company’s Gulf of Mexico oil spill, which threatens to cut into future operational performance for months to come.
Oil Spill Overshadows BP’s Strong Quarter
BP plc on Tuesday beat Wall Street’s earnings expectations in 1Q2010 by more than doubling adjusted profits from a year ago, but the positive news was overwhelmed by the company’s Gulf of Mexico oil spill, which threatens to cut into future operational performance for months to come.
Anadarko Continues Liquids Focus, Interest in Shale Plays
Natural gas is good, but it’s better when it has liquids along with it to juice profits while gas prices remain weak, Anadarko Petroleum Corp., among others, has found. Going forward, look for a continued emphasis at the company on liquids-rich onshore gas production as well as on oil in the offshore, Anadarko COO Al Walker said Tuesday.
Anadarko Continues Liquids Focus, Interest in Shale Plays
Natural gas is good, but it’s better when it has liquids along with it to juice profits while gas prices remain weak, Anadarko Petroleum Corp., among others, has found. Going forward, look for a continued emphasis at the company on liquids-rich onshore gas production as well as on oil in the offshore, Anadarko COO Al Walker said Tuesday.
Anadarko Continues Liquids Focus, Interest in Shale Plays
Natural gas is good, but it’s better when it has liquids along with it to juice profits while gas prices remain weak, Anadarko Petroleum Corp., among others, has found. Going forward, look for a continued emphasis at the company on liquids-rich onshore gas production as well as on oil in the offshore, Anadarko COO Al Walker said Tuesday.
Oilfield Service Operators Eye Recovery Later This Year
The last three months of 2009 proved to be treacherous for U.S.-based oilfield service operators, with Baker Hughes Inc.’s (BHI) profits falling 81%, Halliburton’s off 48% and Schlumberger Ltd.’s down 31%, but a recovery in pricing and services is likely to pick up later this year, executives said.