Earnings

SilverBow Resources Inc. is eyeing plans to ramp up natural gas production in South Texas amid expectations for stronger commodity prices and as more Gulf Coast export projects near completion. SilverBow, which operates in the Eagle Ford Shale and Austin Chalk formations, earlier this year made oil development its focus. With gas prices hovering around…

Tellurian Inc. said it could soon be insolvent unless it raises more capital to pay off debt and fund its operations as plans to develop the Driftwood LNG export terminal in Louisiana haven’t become a reality.  The company said in its quarterly report filed with the U.S. Securities and Exchange Commission (SEC) that it faces…

ConocoPhillips on Thursday boosted its oil and natural gas production guidance for the remainder of the year and said it expects to spend more now that it has taken full control of the Surmont oilsands site in Alberta.  Full-year oil and natural gas production is now expected to come in at 1.82 million boe/d, up…

Even with low natural gas prices throughout 2023, midstream giant Williams plans to aggressively expand its infrastructure and services to accommodate robust production needed to meet mounting global demand for U.S. supplies. “Shoring up our nation’s and the world’s energy foundation with natural gas is going to happen…because we are running out of time and…

Detroit-based DT Midstream Inc. (DTM) sees natural gas pricing in 2024 improving with liquefied natural gas projects on the Gulf Coast coming online supportive of additional production. “There’s been a lot of focus on the short-term price of natural gas this year, which has certainly impacted producer activity, a portion of our asset portfolio,” CEO…

Natural gas gathering, processing and transportation remain a focal point for Oneok Inc.’s growth plans despite recently closing a major acquisition focused on crude oil and refined products. Oneok saw 12% year/year growth in natural gas processing volumes during the third quarter, CEO Pierce Norton said during a conference call to discuss the Tulsa-based midstreamer’s…

As global natural gas supply settles into a fragile balance, Cheniere Energy Inc. is pushing ahead its next generation of LNG projects with the expectation it may be able to deliver the third stage of the Corpus Christi facility in Texas sooner than expected. Executives of the Houston-based liquefied natural gas exporter reported during the…

Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…

MPLX LP management said development costs in the Permian Basin and Marcellus Shale remain conducive for drilling activity, and the long-term production outlook for its producer customers provides the midstream company with a steady source of growth opportunities. MPLX is progressing on its 2023 capital spending programs, which include allocations of $800 million for growth…