Even with ExxonMobil Corp.’s record profit in the third quarter, slower earnings growth continues to be the theme for most of the largest oil and natural gas producers. Slammed by lower natural gas prices and soaring costs, integrated producers are taking some of the biggest hits to their bottom lines, while the smaller domestic producers, able to pivot more quickly because of their size, are overcoming the obstacles and posting solid production and income. In every earnings announcement last week, it was all about the money — profits, of course — but also the high capital costs.
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Independents Post Solid Growth, Mixed Bag for Larger E&Ps
Even with ExxonMobil Corp.’s record profit in the third quarter, slower earnings growth continues to be the theme for most of the largest oil and natural gas producers. Slammed by lower natural gas prices and soaring costs, integrated producers are taking some of the biggest hits to their bottom lines, while the smaller domestic producers, able to pivot more quickly because of their size, are overcoming the obstacles and posting solid production and income.
CA Governor Stays ‘Green’ in Call for Drilling Ban On- and Offshore
Keeping his election year pro-environmentalism theme in tact, California Gov. Arnold Schwarzenegger Wednesday pushed further and harder for a continued ban on new drilling offshore and on federal lands onshore.
February Futures Settle Lower Ahead of Storage Report
Continuing the seesaw theme of the week that has seen higher and lower days alternate, February natural gas futures on Wednesday settled 6.9 cents lower at $5.833 as traders turned their attention to Thursday’s release of the Energy Information Administration’s (EIA) natural gas storage report for the week ended Dec. 31.
Futures Higher as Thermometer’s Mercury Drops
Better late than never was the general theme surrounding the natural gas futures market Monday, as more seasonable cold weather finally settled into the East. As a result, January natural gas futures began trading in Monday’s regular session at an elevated level, exploring higher ranges in search of resistance.
Futures Higher as Thermometer’s Mercury Drops
Better late than never was the general theme surrounding the natural gas futures market Monday, as more seasonable cold weather finally settled into the East. As a result, January natural gas futures began trading in Monday’s regular session at an elevated level, exploring higher ranges in search of resistance.
Report Forecasts More International Expansion by Domestic Producers
U.S. producers will continue to struggle to grow domestic production this year, and international expansion will be a dominant theme and a key driver behind any mergers and acquisitions (M&A) in the oil and gas sector, according to a report by CreditSights analysts.
Report Forecasts More International Expansion by Domestic Producers
U.S. producers will continue to struggle to grow domestic production this year, and international expansion will be a dominant theme and a key driver behind any mergers and acquisitions (M&A) in the oil and gas sector, according to a report by CreditSights analysts.
PPL Corp. Goes West in A Big Way
Pennsylvania-based PPL Corp. has recently taken on a “Go West”theme, as evidenced by its plans to build 1,800 MW of newelectricity generation on the left coast at an estimateddevelopment cost of $900 million.