second quarter earnings

Houston-based independent Murphy Oil Corp.’s recent wells at its Eagle Ford Shale and Tupper Montney acreage in Western Canada are “exceeding production expectations,” management said earlier this month. The producer “continues to successfully execute a significant and intricate project in the Gulf of Mexico, while our onshore team has enhanced production volumes and accelerated returns…

Calgary-based Crescent Point Energy Corp. is focused on producing liquids from the Kaybob Duvernay formation while working to control continued supply chain issues through efficiencies, management said. The independent issued its 2Q2022 results in late July, noting it has a wary eye on the inflation threats to profitability. “The company has controlled a significant portion…

Calgary-based Keyera Corp., whose massive pipeline system intended to move liquids from the Montney Shale is 70% complete, is awaiting a new partner to potentially take half-ownership in the project after the Competition Board of Canada ordered a partner’s sale. CEO Dean Setoguchi, who discussed second quarter results during a conference call, said the Competition…

SM Energy Co.’s oil and gas production outperformed expectations in the second quarter, with CEO Herb Vogel highlighting the “high quality” of the Austin Chalk results in South Texas.  Forty-six Austin Chalk wells scored strong initial production rates over 30 days (IP30). Vogel said the “South Texas operations continued strong through the quarter.” Production volumes…

San Diego-based Sempra’s whirlwind of LNG and equity agreements during the second quarter helped advance key infrastructure projects, but management indicated some of its biggest announcements are still to come. CEO Jeff Martin said “significant growth drivers” were influential for the Sempra Infrastructure subsidiary formed last year to expand liquefied natural gas exports, net-zero fuels…

Houston-based ConocoPhillips is looking to leverage its experience as a leading natural gas marketer to become a more active player in the global LNG market, CEO Ryan Lance said Thursday. Lance hosted a conference call to discuss the mega-independent’s second-quarter results. ConocoPhillips is among the largest oil and gas producers in North America, with a…

The chief executive of Williams, a natural gas processing and transportation specialist, said mounting calls for LNG and robust summer cooling demand are driving exceptional activity levels on the Transcontinental Gas Pipe Line Co. (Transco) system, bolstering the company’s outlook. The past two months rank among the hottest Junes and Julys on record in the…

BP plc’s Lower 48 natural gas production jumped in the second quarter, with Haynesville Shale investments offering a “very, very quick payback,” CEO Bernard Looney said Tuesday. Looney and his executive team discussed the strong quarterly results and the outlook through the end of the year during a conference call.  With Russia shorting gas supply…

For Patterson-UTI Corp., rig rates are rising and pressure pumping activity is jumping, but the high demand may eclipse supply for a while, CEO Andy Hendricks said. Hendricks led a conference call in late July to discuss the second quarter results. The activity is at pre-pandemic levels, he told analysts, and customers are ready to…