Southwestern Energy Co. said Friday it would slash year/year spending by 20% in 2020, but annual production is still expected to climb by 10% over the same time, driven by investment in Southwest Appalachia, where it has focused in recent years.
Articles from Earnings
EOG Resources Inc. CEO Bill Thomas expressed confidence Friday in the company’s ability to withstand a sustained decline in commodity prices, even as the coronavirus roiled financial markets and put downward pressure on demand forecasts for oil and natural gas.
Sempra Energy’s management team is pinning growth on California and Texas utilities, as well as a revival in liquefied natural gas (LNG) growth.
4Q2019 Earnings: Apache Exits Alpine High as Low Natural Gas Prices, Lack of Infrastructure Take Toll
The Alpine High in West Texas, where Apache Corp. threw its chips into making the No. 1 prospect in its portfolio, has crashed on low natural gas and liquids prices, forcing the Houston independent to walk away.
4Q2019 Earnings: CRC CEO Sees ‘Balanced, Scientific’ Approach Winning Out in California Drilling Battle
California Resources Corp., the state’s largest oil and gas producer, is focused on accelerating long-standing debt reduction with plans to sell key assets, management said.
Accountability in the energy industry has become more critical than ever before, and operators have to deliver on what they promise, which includes improving the environment, according to Parsley Energy Inc. CEO Matt Gallagher.
Management for Cheniere Energy Inc., the largest liquefied natural gas (LNG) producer in the United States, does “not view significant or prolonged curtailment of U.S. LNG production as a likely scenario” despite the recent cancellation of two cargoes and growing uncertainty about the impacts of the coronavirus.
The management team of Denver-based Cimarex Energy Co., whose operations are concentrated in the Permian Basin and Midcontinent, wants to be an active participant in how national policies are set for environmental stewardship, but first it has to walk the walk, CEO Tom Jorden said last week.
Atlanta-based Southern Co. sees natural gas providing a U.S. energy bridge stretching beyond 2050, combined with a growing portfolio of both nuclear and renewable resources.
Cabot Oil & Gas Corp. on Friday said tests in the upper Marcellus Shale demonstrate the interval is a “distinct” target with results exceeding “the majority of assets” across Appalachia that’s likely to extend the life of its drilling inventory in Northeast Pennsylvania by over a decade.