third quarter 2022

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…

Flexibility is key to all that Coterra Energy Inc. is planning for the Lower 48 in 2023, as inflationary headwinds drive up the price for things across the board, executives said. Coterra, formed last year with the merger of Cabot Oil & Gas Corp. and Cimarex Energy Co., focuses on producing natural gas and oil…

New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter. NFE has finalized a series of liquefied natural gas agreements with Mexican state electricity firm Comisión Federal de…

After posting record volumes across its gathering and processing (G&P) systems during the third quarter, Targa Resources Corp. has sanctioned two midstream projects in the Permian Basin. A second natural gas processing plant at the Wildcat facility in the Delaware sub-basin of the Permian would boost processing capacity by 275 MMcf/d. To be called Wildcat…

Calgary-based Crescent Point Energy Corp. recorded a 10% increase in natural gas production during the third quarter, but the company is focusing on the Kaybob Duvernay formation for liquids growth over the next five years. Management said natural gas output hit 144.3 MMcf/d during the quarter, up from 130.8 MMcf/d a year earlier. Natural gas…

Williams’ long-term natural gas focus continues to bring in the returns, according to CEO Alan Armstrong, who said strong quarterly results were attributable to the company sticking to its strategy. Speaking on a 3Q2022 conference call, Armstrong said the midstream giant’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was up 15% compared to…