Earnings

Avista Corp. utilities in four northwestern states have committed to helping communities rebuild from the Covid-19 pandemic, but they are getting hit in real time from the loss of demand. CEO Dennis Vermillion during a conference call to discuss third quarter earnings said the safety and health of customers, employees and communities were the top…

Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…

California Resources Corp. (CRC) CEO Todd Stevens said the state’s largest independent is not planning any significant increase in capital investment in the fourth quarter after exiting bankruptcy last month.* CRC expects to add a renewable component to its traditional oil and gas business, Stevens said during the third quarter conference call.  “This has always…

While Covid-19 continues to have a financial impact, Portland, OR-based NW Natural is pursuing acquisitions of small water utilities, rolling out hydrogen research projects and expanding its sources of renewable natural gas (RNG). CEO David Anderson and senior executives outlined third quarter results and projects underway during an earnings conference call Thursday. After the initial…

Liquefied natural gas (LNG) project developer Tellurian Inc. in the third quarter bought and sold its first LNG cargo under a master agreement reached last year, according to a report the company filed with the U.S. Securities and Exchange Commission (SEC). Tellurian’s marketing arm bought the cargo in July and subsequently sold it to an…

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…

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 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…

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…