Earnings

Dallas-based EnLink Midstream LLC is primed to build its Lower 48 oil and natural gas gathering and transportation business, with an eye on expanding opportunities for carbon capture and storage (CCS), the CEO said Wednesday. During a wide-ranging call to share second quarter results, CEO Jesse Arenivas laid out the company’s long-term plans. Anchored by…

Enterprise Products Partners LP reported company-record natural gas pipeline volumes, accommodating steadily robust production. However, the second quarter top and bottom lines declined amid weakened prices. Still, the Houston-based midstream company continues to expand its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas, liquids and…

The uncertain direction of natural gas and oil prices during the second quarter led to an “underlying sense of apprehension” by oilfield services (OFS) companies, but there are signs that business will get better before the end of the year and improve through 2024 as customers prepare for more U.S. LNG exports. Several of the…

Ovintiv Inc. had a solid quarter in terms of production and is raising its guidance on natural gas output for the year. The Denver-based company sees natural gas production hitting 1.575-1.625 Bcf/d for the year, up from 1.525-1.575 Bcf/d in previous guidance. The company has assets in the Permian, Uinta and Anadarko Basins, and Canada’s…

Chesapeake Energy Corp. executives said Wednesday they expect to announce more deals tied to the LNG market as the company aims to expose 15-20% of its natural gas production to international trade of the super-chilled fuel.  Earlier this year, Chesapeake clinched a tentative arrangement with global commodities trader Gunvor Group Ltd. to supply up to…

Haynesville Shale pure-play Comstock Resources Inc. is keeping its sights on the long-term LNG demand outlook amid recent sluggishness in U.S. natural gas prices. CEO Jay Allison hosted a conference call Tuesday to discuss results for the second quarter, during which U.S. gas prices plunged by about 70% year/year.  Frisco, TX-based Comstock was the 11th…

Haynesville Shale exploration and production (E&P) companies are biding their time and keeping an eye on forward natural gas prices in anticipation of more LNG takeaway by 2025, DT Midstream Inc. (DTM) CEO David Slater said Tuesday. During the conference call to discuss second quarter results, Slater said the Detroit-based company is “observing moderating production…

Mexico’s state oil and gas giant Petróleos Mexicanos (Pemex) is showing how serious it is about producing more oil and natural gas, even if it means increasing amounts of government help. Natural gas production was 4.051 Bcf/d in the second quarter, up 199 MMcf/d compared to the same period last year. Liquids production was the…

Uniper SE, Germany’s largest natural gas buyer, said Tuesday it would invest nearly $9 billion through 2030 to accelerate its transformation into a “greener company” less than a year after it was nationalized amid one of the worst energy crises in Europe’s history.  The newly appointed management team said it would invest for a “massive…