Houston’s Apache Corp. has returned online most curtailed volumes in the Permian Basin as commodity prices have improved, but finishing uncompleted wells will take precedence over ramping up development, CEO John J. Christmann IV said Thursday. Christmann led a conference call to discuss the quarterly results for the global independent, which has put a lower…
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Articles from Earnings
Comstock Ramps Haynesville Activity in Anticipation of Higher Natural Gas Prices
Haynesville Shale giant Comstock Resources Inc. “went back to work” in the third quarter to try to cash in on expected higher natural gas prices by accelerating seven well completions and by adding two horizontal drilling rigs, CEO Jay Allison said Thursday. “We have advantaged access to the demand market of the Gulf Coast,” Allison…
Energy Transfer Converting Portion of Mariner East, Expects DAPL to Continue Operating
Energy Transfer LP (ET) is in the process of converting a portion of the Mariner East natural gas liquids (NGL) pipeline to refined products to capture price blowouts between Chicago and New York markets this winter. Newly named Co-CEO Mackie McCrea told investors during the third quarter earnings call last Wednesday the repurposed portion of…
EOG’s 21 Tcf Natural Gas Discovery in South Texas Competitive with ‘Premium Oil Plays,’ Says CEO
Super independent EOG Resources Inc. has identified 21 Tcf net natural gas resource potential with an estimated 1,250 net locations in the South Texas formations of the Austin Chalk and Eagle Ford Shale. The discovery on the Dorado prospect is in Webb County, where EOG has 163,000 net acres, were in 700 feet of stacked…
Sempra Building ‘Strong’ LNG Franchise in North America, Says CEO
Sempra Energy’s planned portfolio of liquefied natural gas (LNG) export facilities is among the most competitive in North America, according to CEO Jeffrey Martin, who on Thursday outlined progress on the three big projects in Louisiana, Texas and Mexico. “We think we have built a strong franchise in our LNG business, and to fund its…
New Fortress Delays Start-Up of Mexico, Nicaragua LNG Projects to 2021
New Fortress Energy Inc. (NFE) has pushed back in-service dates for liquefied natural gas (LNG) projects in Mexico and Nicaragua to early next year. The company had expected to finish an onshore LNG import terminal and merchant power plant in Baja California Sur, Mexico, and a natural gas-fired power plant in Nicaragua by the end…
Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q
Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…
Black Hills Sees Natural Gas Continuing as Long-Term Choice for Customers
Natural gas is a long-term player and not a transitional fuel for the eight states in which Rapid City, SD-based Black Hills Corp. operates, CEO Linn Evans said Tuesday. During a 3Q2020 earnings call, Evans said he was not expecting any local lockdowns in the utility service areas, with the worst of the Covid-19 impacts…
MPLX Expecting Slower Growth, but Permian, Marcellus Volumes Fueling Optimism
In an ongoing effort to optimize capital spending amid the weak oil price environment, MPLX LP brought online the first segment of the Wink-to-Webster pipeline to ultimately transport more than 1 million b/d of Permian Basin crude to the Houston area. The main segment of the 650-mile pipeline was commissioned in October, and service is…
Williams Reports Record Appalachian Natural Gas Volumes Amid Stronger Pricing
Midstream giant Williams reported record natural gas gathering and processing (G&P) volumes in the Appalachian region during the third quarter, driven by higher prices in the region. Gross gathering volumes for the Northeast G&P segment rose 8% year/year (y/y) to 9.4 Bcf/d, while gross processing plant inlet volumes swelled by 17% to 1.4 Bcf/d, management…