Both independents and majors, which continued to report 4Q earnings last week, are shattering earnings records because of sustained high oil and natural gas prices. Several of the U.S.-based independents reported higher domestic production, but for the majors, the story continues to be dwindling output in North America. However, the biggest story last week was Royal Dutch Shell Group’s announcement that it will once again reduce its proved reserves — the fifth time in just about a year’s time.
Records
Articles from Records
ChevronTexaco Tops Earnings Estimates, but Production Falls
ChevronTexaco Corp. set new records in the fourth quarter, nearly doubling net income from a year ago and beating analyst expectations. However, natural gas and oil output fell 9% globally, and most of the losses were blamed on U.S. asset sales and Hurricane Ivan shut-ins.
January 31, 2005
Transco Hits New Three-Day Throughput Record on Eastern Cold Snap
Williams said its Transcontinental Gas Pipe Line (Transco) system, the largest gas pipeline in the United States by transportation capacity, set new throughput records on the three days from Jan. 17 through Jan. 19. The pipeline’s throughput volume averaged 8.3 million Dth/d (or about 8.058 Bcf/d).
January 31, 2005
Transco Hits New Three-Day Throughput Record on Eastern Cold Snap
Williams said its Transcontinental Gas Pipe Line (Transco) system, the largest gas pipeline in the United States by transportation capacity, set new throughput records on the three days from Jan. 17 through Jan. 19. The pipeline’s throughput volume averaged 8.3 million Dth/d (or about 8.058 Bcf/d).
January 26, 2005
Calpine Cuts Year-End Gas Reserves, Records $200M Charge for TX, LA Fields
Power producer Calpine Corp last Thursday said it cut its natural gas reserves estimate by 6% at the end of the fourth quarter and reduced the carrying value of certain fields in South Texas and offshore Louisiana. Both actions will take a toll on the San Jose, CA-based energy company’s fourth quarter results, which will be announced in late February.
January 24, 2005
Calpine Cuts Year-End Gas Reserves, Records $200M Charge for TX, LA Fields
Power producer Calpine Corp on Thursday said it cut its natural gas reserves estimate by 6% at the end of the fourth quarter and reduced the carrying value of certain fields in South Texas and offshore Louisiana. Both actions will take a toll on the San Jose, CA-based energy company’s fourth quarter results, which will be announced in late February.
January 21, 2005
PECO, ConEd Record High Gas Send-Outs
Forecasts may be moderating, but two major eastern utilities reported setting some new gas and power send-out records Monday. Consolidated Edison (ConEd) pinpointed the average temperature in its New York City area over the 24-hour period of Dec. 20 at 15 degrees Fahrenheit.
December 22, 2004
North American Producers’ Income Setting Records
Spurred by — what else — record oil and natural gas prices, North American producers ConocoPhillips, EnCana Corp., Kerr-McGee Corp. and EOG Resources Inc. have millions of reasons to be pleased with 3Q results.
October 28, 2004
North American Producers’ Income Setting Records
Spurred by — what else — record oil and natural gas prices, North American producers ConocoPhillips, EnCana Corp., Kerr-McGee Corp. and EOG Resources Inc. have millions of reasons to be pleased with 3Q results.
October 28, 2004
North American Upstream Spending Declines 22% Since 2001
Oil and natural gas industry cash flow is setting all-time records, but upstream spending in North America has declined 22% since 2001, as capital budgets shift toward more investments in South and Central America and Africa and Middle East regions, according to the latest sector survey by consultants John S. Herold Inc. and Harrison Lovegrove & Co. Ltd.
September 27, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
