Houston-based Enterprise Products Partners LP reported first quarter results in line with analyst expectations while management on Thursday expressed a bullish view on prices underpinned by strengthening fundamentals in the hydrocarbons complex.
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With no relief expected from oil or natural gas prices through this year, Anadarko Petroleum Corp. plans to direct its onshore might to only two basins, the Denver-Julesburg and the Permian, management said Tuesday. No rigs are planned in any other onshore play.
Anadarko Petroleum Corp. is reducing its capital spending plans by almost half this year, but volumes still could be up to 4% higher, led in the United States by conventional production in the deepwater Gulf of Mexico and continued strength from the Wattenberg field in Colorado and Permian Basin, despite lower planned activity.
Noble Energy Inc. spent 14% less sequentially to build its wells during the third quarter but it shattered production records following outperformance from more efficient well designs in northern Colorado and Texas.
Williams Partners LP’s Northeast gathering and processing (G&P) business enjoyed higher volumes and increased revenues during the third quarter compared to a year ago — in spite of substantial price-related producer shut-ins during the period, Williams CEO Alan Armstrong told analysts Thursday.
Executives with Targa Resources Partners LP (NGLS) and general partner Targa Resources Corp. (TRGP), said that despite continuing low commodity prices, volumes at NGLS’s field gathering and processing (FG&P) segment for 2015 should grow 3-5% over 4Q2014. They also are considering restarting an idled cryogenic processing plant in Texas.
Williams is preparing for curtailed natural gas volumes from some of its customers in Appalachia because prices are low and there's no expectation on when they may improve, CEO Alan Armstrong said Thursday.
Williams is preparing for curtailed natural gas volumes from some of its customers in Appalachia because prices are low and there’s no expectation on when they may improve, CEO Alan Armstrong said Thursday.
MarkWest Energy Partners LP — the largest gas processor and fractionator in the Northeast — saw record volumes in Appalachia during the third quarter as the leading Marcellus Shale and up-and-coming Utica Shale kept on giving. There’s more to come, CEO Frank Semple told analysts who follow the company.
In a sign suggesting that the U.S. unconventional boom is not abating, Halliburton Co. has extended an agreement with Hi-Crush Partners LP to increase through 2018 its annual Northern White sand volumes.