Earnings

Calgary-based Crescent Point Energy Corp. is focused on producing liquids from the Kaybob Duvernay formation while working to control continued supply chain issues through efficiencies, management said. The independent issued its 2Q2022 results in late July, noting it has a wary eye on the inflation threats to profitability. “The company has controlled a significant portion…

Calgary-based Keyera Corp., whose massive pipeline system intended to move liquids from the Montney Shale is 70% complete, is awaiting a new partner to potentially take half-ownership in the project after the Competition Board of Canada ordered a partner’s sale. CEO Dean Setoguchi, who discussed second quarter results during a conference call, said the Competition…

Williams is partnering with PennEnergy Resources LLC to market and deliver certified natural gas from the Appalachian Basin to meet growing demand in the United States and beyond. Through its Sequent business unit, purchased from Southern Co. in 2021, Williams is building a marketing portfolio to sell the low-carbon natural gas to utilities, LNG export…

The sweeping Inflation Recovery Act, which cleared the Senate over the weekend, offers many positives for the energy sector, according to Occidental Petroleum Corp. CEO Vicki Hollub. Houston-based Oxy, as it is better known, held its second quarter conference call Thursday, helmed by Hollub and her executive team.  The exploration and production (E&P) independent has…

SM Energy Co.’s oil and gas production outperformed expectations in the second quarter, with CEO Herb Vogel highlighting the “high quality” of the Austin Chalk results in South Texas.  Forty-six Austin Chalk wells scored strong initial production rates over 30 days (IP30). Vogel said the “South Texas operations continued strong through the quarter.” Production volumes…

 Pembina Pipeline Corp. management predicted “meaningful” growth after robust second quarter activity and advancement of some key infrastructure projects. CEO Scott Burrows said the second quarter was an indicator of the upward trajectory for the company, supported by growth in natural gas liquid volumes “across many of Pembina’s systems.” Support for Canadian LNG projects also…

Targa Resources Corp. plans to build a 275 MMcf/d natural gas processing plant in the Permian Basin, adding to a spate of projects in the prolific region aimed at meeting mounting demand — both domestically and globally. The Houston-based company is eyeing additional future projects in West Texas as well, executives said during the second…

Southwestern Energy Co. said Friday it would increase both production and spending this year in response to inflation. The company also plans for a 2023 maintenance program, and free cash flow would be strengthened by the move.  COO Clay Carrell said a second company-operated fracture fleet would be added in Appalachia by the end of…

As parts of California face wildfires and the persistence of extreme dry conditions, PG&E Corp. estimates that around 90% of its wildfire risk has been mitigated by technology and program enhancements. CEO Patricia Poppe said during a second quarter conference call that new safety settings for lines and vegetation control have helped increase safety and…