Click here to listen to the latest episode of NGI’s Hub & Flow. NGI’s Leticia Gonzales, Kevin Dobbs, Josiah Clinedinst and Josten Mavez discuss what they learned from North American midstream companies during the third quarter 2023 earnings season. Amid an increasingly positive outlook for natural gas, midstreamers stand ready to connect growing natural gas…
third quarter earnings
Articles from third quarter earnings
ExxonMobil Oil and Natural Gas Permian and Guyana Volumes Rising, with Smackover’s Lithium Potential Lurking
The world’s largest publicly operated oil and natural gas company is continuing to remake itself as it stacks up more resources to develop and looks beyond traditional energy to prepare for the future, ExxonMobil CEO Darren Woods said Friday. Woods discussed the third quarter results during an hour-long call with energy analysts, whose questions centered…
Australian LNG Projects in ‘Urgent Need’ of Regulatory Reform to Secure Domestic Supply, Woodside CEO Says
Woodside Energy Group Ltd. reported one of its projects to expand Australian LNG exports is almost half done, but CEO Meg O’Neill said the country’s regulatory process could be undercutting the firm’s ability to secure foreign investment and domestic natural gas supply. As part of the firm’s third quarter earnings release, O’Neill said construction activity…
EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation
EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said. The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…
TC Energy Looking to Expand Haynesville to Gulf Coast LNG Corridor
TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…
RNG ‘A Big Winner’ as Clean Energy Fuels Swerves from Supply Constraints, But Hits Roadblock with High Natural Gas Prices
Clean Energy Fuels Corp. (CLNE) has a growing list of heavy hitter partnerships thirsting for renewable natural gas (RNG), executives said, including Amazon.com Inc. and Waste Management Inc. In the third quarter, the largest U.S. RNG producer and supplier and Amazon, the world’s second-largest retail company, celebrated the opening of an RNG station in Groveport,…
ConocoPhillips Building Global LNG Portfolio as Long-Term Resource in Energy Transition
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…
EOG Expands into Utica Shale, Touts Global Natural Gas, Oil Pricing Exposure
EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said. The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…
APA Drilling First Pad Since 2019 in Permian’s Natural Gas-Rich Alpine High as Prices, Demand Soar
On strong natural gas pricing and demand, APA Corp. is back to work drilling its first pad since 2019 in the Alpine High in the Permian Basin of West Texas. The Houston-based super independent works all over the world, with the Permian its No. 1 U.S. profit maker. The Alpine High at one time was…