MPLX LP said Thursday they are “very encouraged” by growth in the company’s gathering and processing segment, especially in support of the Marcellus and Utica shales. But the master limited partnership (MLP) again cut capital spending (capex) for 2016 as it delays gathering and processing projects.
E&P
Articles from E&P
Texas Eastern Blast, Fire Rattle Southwest Pennsylvania, Up-End NatGas Flows
Federal regulators late on Friday were preparing to take over the investigation of a massive explosion and fire on a portion of a Texas Eastern Transmission mainline in Westmoreland County, PA, that left one person severely burned and caused significant property damage in the area.
April 29, 2016
FirstEnergy Progressing on WV Transmission Line to Support Shale Development
Crews have begun raising steel poles for a new FirstEnergy Corp. transmission line designed to serve the needs of unconventional shale development in West Virginia.
April 28, 2016
ConocoPhillips Slashes Capex Another $700M Following $1.5B 1Q2016 Loss
ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.
April 28, 2016
NOV Lays Off 6,000 More People, Closes 200 Facilities as Revenues Decline in All Four Businesses
National Oilwell Varco Inc., which designs and manufactures equipment and components used in oil and natural gas drilling, laid off 6,000 more people in the first quarter and has closed or is in the process of closing 200 facilities worldwide, painful reductions to allow the Houston operator to “maintain its investment for the future,” CEO Clay Williams said Thursday.
April 28, 2016
EQT Bolts From 2016 Starting Gate With Record Production, More Utica Progress
EQT Corp. started the year strong, once again turning in record natural gas production and gathering volumes as it continued to navigate through the commodities downturn during the first quarter.
April 28, 2016
ConocoPhillips Slashes Capex Another $700M Following $1.5B 1Q2016 Loss
ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.
April 28, 2016
Patterson-UTI Stacks Half of Horsepower — 1 Million HP — as Producers Shun Onshore Drilling
Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.
April 28, 2016
EQT Bolts From 2016 Starting Gate With Record Production, More Utica Progress
EQT Corp. started the year strong, once again turning in record natural gas production and gathering volumes as it continued to navigate through the commodities downturn during the first quarter.
April 28, 2016
Patterson-UTI Stacks Half of Horsepower — 1 Million HP — as Producers Shun Onshore Drilling
Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.
April 28, 2016
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
