Seneca Resources Co. LLC plans to again slash spending in response to free falling natural gas prices and lean on an inventory of drilled but uncompleted (DUC) wells in Appalachia to keep production flat in fiscal year (FY) 2021.
Earnings
Articles from Earnings
NGI The Weekly Gas Market Report
Kinder Morgan CEO Says Gulf LNG on Backburner, But Growth Opportunities Abound
Kinder Morgan Inc. (KMI) has placed the Gulf LNG (liquefied natural gas) export project on the backburner in favor of other growth opportunities, CEO Steve Kean indicated Wednesday during the firm’s analyst day.
January 31, 2020
NGI The Weekly Gas Market Report
Chevron Plans to ‘Win in Any Environment,’ CEO Promises, as 4Q Writedowns Total $10.4B
Record production from the Permian Basin and a bevy of oil and natural gas projects worldwide was not enough to stanch the decline in commodity prices during the final quarter, as Chevron Corp. recorded a $10.4 billion impairment for assets that included the Appalachia portfolio, a natural gas export facility planned for British Columbia and a deepwater Gulf of Mexico project.
January 31, 2020
4Q2019 Earnings: Appalachia’s CNX Staring ‘Down the Barrel’ of Tough Year Ahead
Appalachian pure-play CNX Resources Corp. on Thursday said it recorded a nearly $500 million impairment on natural gas properties in Pennsylvania during the fourth quarter as commodity prices continued their downward spiral.
January 30, 2020
NGI The Weekly Gas Market Report
Shell Forecasting LNG Trading Growth Even in ‘Difficult’ Macro Environment
Royal Dutch Shell plc saw its fourth quarter results halved from a year ago in part on a huge U.S. onshore natural gas price-related writedown, and more rough patches likely are ahead, but the global natural gas trading arm is on track to rise above the mayhem, the CEO said Thursday.
January 30, 2020
4Q2019 Earnings: Appalachia’s CNX Staring ‘Down the Barrel’ of Tough Year Ahead
Appalachian pure-play CNX Resources Corp. on Thursday said it recorded a nearly $500 million impairment on natural gas properties in Pennsylvania during the fourth quarter as commodity prices continued their downward spiral.
January 30, 2020
NGI The Weekly Gas Market Report
Shell Forecasting LNG Trading Growth Even in ‘Difficult’ Macro Environment
Royal Dutch Shell plc saw its fourth quarter results halved from a year ago in part on a huge U.S. onshore natural gas price-related writedown, and more rough patches likely are ahead, but the global natural gas trading arm is on track to rise above the mayhem, the CEO said Thursday.
January 30, 2020
4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs
Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.
January 29, 2020
4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs
Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.
January 29, 2020
NGI The Weekly Gas Market Report
4Q2019 Earnings: Kinder Natural Gas Pipeline Volumes Climb Again Despite Weak Prices
Capital discipline remained a key theme as Kinder Morgan Inc. executives on Wednesday shed light on fourth quarter 2019 earnings and the outlook for 2020. The midstreamer recorded another quarter of increased natural gas volumes, but the weak price environment has taken a toll on recontracting efforts for some assets.
January 23, 2020
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