Earnings

Noble Energy Expects Rising Summer Natural Gas Demand in Eastern Med, but Shut-ins, DUCs in Lower 48

Noble Energy Expects Rising Summer Natural Gas Demand in Eastern Med, but Shut-ins, DUCs in Lower 48

Super independent Noble Energy Inc., whose vast U.S. portfolio extends across Texas and Colorado, plans to move cautiously through the year in the Lower 48 by shutting in wells and clawing back activity, while it works to build natural gas infrastructure overseas.

May 8, 2020
New Fortress Energy Working Through LNG Surplus, But Eyeing Cheaper Supplies for Growth

New Fortress Energy Working Through LNG Surplus, But Eyeing Cheaper Supplies for Growth

New York City-based New Fortress Energy LLC (NFE) has more liquefied natural gas (LNG) supply than it needs for customers in the Carribean as the Covid-19 pandemic has cut into economic activity and use of the fuel for power generation across the region.

May 8, 2020
Apache Switches Most Capital from Permian to International Operations

Apache Switches Most Capital from Permian to International Operations

Apache Corp. has eliminated all of its Permian-centered U.S. drilling and completions work and reduced activity overseas to ensure strong liquidity and wait out the dire impacts to demand from Covid-19.

May 7, 2020
Permian Pure-Plays Pioneer, Laredo Upend Capex, Activity to Battle Covid-19

Permian Pure-Plays Pioneer, Laredo Upend Capex, Activity to Battle Covid-19

Permian Basin independents Laredo Petroleum Co. and Pioneer Natural Resources Co. are joining their peers in adjusting to the new “normal” by reducing spending and activity to deal with the crushing reversal in energy demand wrought by Covid-19.

May 7, 2020
Marathon Oil Pauses Lower 48 Completions, Cuts 16% of U.S. Workforce, 70% of Contractors

Marathon Oil Pauses Lower 48 Completions, Cuts 16% of U.S. Workforce, 70% of Contractors

Houston-based Marathon Oil Corp., which works in the Bakken Shale, Oklahoma and the Permian Basin, has paused all completion activities and is shutting in some production as it joins the legions of operators at war with low demand and prices.

May 7, 2020
EQT Says in ‘Unique Position’ for 2021 Natural Gas Rally

EQT Says in ‘Unique Position’ for 2021 Natural Gas Rally

After months of cost cutting, management changes and a complete overhaul of operations, EQT Corp. CEO Toby Rice said Thursday the nation’s largest natural gas producer is in a “unique position” to take advantage of rising prices.

May 7, 2020
Despite Coronavirus, Williams CEO Says Natural Gas Demand Solid, Exceeding ‘Historical Norms’

Despite Coronavirus, Williams CEO Says Natural Gas Demand Solid, Exceeding ‘Historical Norms’

Tulsa-based Williams, which operates more than 30,000 miles of natural gas pipelines across the onshore and into the deepwater Gulf of Mexico, said demand remains solid in the face of the coronavirus pandemic and the economic disruption it imposed beginning in March.

May 6, 2020
Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Lower 48 independent Devon Energy Corp., whose broad portfolio stretches across Texas, and into the Anadarko and Powder River (PRB) basins, has curtailed 10,000 b/d of oil through at least June, with future shut-ins to be made on a month-to-month basis given ongoing price volatility.

May 6, 2020
Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Equity Partners LP is offering incentive rates across its midstream portfolio in order to generate revenue, but management expects the natural gas liquids (NGL) storage and rail-to-truck liquid petroleum gas (LPG) terminal assets that it recently acquired to be the largest contributor to a projected 3% year/year increase in earnings this year.

May 6, 2020
Total’s LNG Sales Grew in 1Q, But Slowdown Likely Ahead

Total’s LNG Sales Grew in 1Q, But Slowdown Likely Ahead

Total SA on Tuesday highlighted the resilience of its liquefied natural gas (LNG) sales in the first quarter, which increased by nearly 30% year/year during a period that otherwise squeezed many facets of the supermajor’s operations.

May 5, 2020
1 5 6 7 8 9 16