Segments

Patterson-UTI Sees ‘Renewal of Optimism’ in Onshore Drilling Market

North American onshore drilling contractor Patterson-UTI Energy Inc. (PTEN) has seen an uptick “in all segments” but it’s particularly strong in the Marcellus, Haynesville and Bakken shale plays, the company’s management team said Thursday.

February 12, 2010

Patterson-UTI Sees ‘Renewal of Optimism’ in Onshore Drilling Market

North American onshore drilling contractor Patterson-UTI Energy Inc. (PTEN) has seen an uptick “in all segments” but it’s particularly strong in the Marcellus, Haynesville and Bakken shale plays, the company’s management team said Thursday.

February 12, 2010

Gas Prices Continue to Suppress Williams Earnings

Lower energy commodity prices impacted Williams exploration and production (E&P) and midstream segments and the company’s earnings in 3Q2009, but overall results were improved compared to 2Q2009, the Tulsa-based producer said Thursday.

November 2, 2009

Gas Prices Continue to Suppress Williams Earnings

Lower energy commodity prices impacted Williams exploration and production (E&P) and midstream segments and the company’s earnings in 3Q2009, but overall results were improved compared to 2Q2009, the Tulsa-based producer said Thursday.

October 30, 2009

Transportation Notes

Tennessee, which had lifted an OFO Action Alert for downstream segments (Zones 2-6) of its system Sunday afternoon (see Daily GPI, May 5), removed it for production-area Zones 0, 1 and L Wednesday. The pipeline also said it was rescinding restrictions on storage, Park and Loan service and imbalance paybacks.

May 7, 2009

To Hedge or Not? Ask California Officials

The supply and distribution segments of the natural gas industry butted heads last Tuesday during a California Energy Commission (CEC) workshop examining how gas is bought by utilities and large noncore purchasers. From the utilities’ point of view, the state-sanctioned incentive mechanism and month-to-month purchases are resulting in generally low prices for retail consumers.

March 16, 2009

To Hedge or Not? Still Germane California Question

The supply and distribution segments of the natural gas industry butted heads Tuesday during a California Energy Commission (CEC) workshop examining how gas is bought by utilities and large noncore purchasers. From the utilities’ point of view, the state-sanctioned incentive mechanism and month-to-month purchases are resulting in generally low prices for retail consumers.

March 11, 2009

Wholesale Unit Lifts AGL Earnings 12.8%

Stronger performance from its wholesale services, energy investments and corporate segments helped drive AGL Resources Inc.’s 4Q2008 net income to $74 million and earnings of 97 cents/share, compared with net income of $66 million and earnings of 86 cents/share in 4Q2007, the company said Thursday.

February 9, 2009

Wholesale Services Drive AGL Resources Earnings Up 12.8%

Stronger performance from its wholesale services, energy investments and corporate segments helped drive AGL Resources Inc.’s 4Q2008 net income to $74 million and earnings of 97 cents/share, compared with net income of $66 million and earnings of 86 cents/share in 4Q2007, the company said Thursday.

February 6, 2009

Spectra Earnings Up 24%; Capital Expansion Paying Dividends

Strong earnings from all of Spectra Energy’s business segments, due primarily to higher commodity prices and sound operating performance in all underlying businesses, resulted in net income of $296 million (48 cents/share) in 3Q2008, up 26% from $234 million (37 cents/share) in 3Q2007, the company said.

November 10, 2008