Articles tagged 2Q2024 earnings

While advancing projects to sustain exploration and production companies vying for the coming boom in the LNG export market, DT Midstream Inc. (DTM) executives said the firm also would focus on supporting power demand from industrial users to underpin the natural gas market.

ConocoPhillips said Thursday that it would earmark more spending this year to cover rising costs across its U.S. onshore portfolio, more partner-operated activity and higher expenses in Alaska as it advances the Willow oil project there.

Shell plc, the world’s No. 1 LNG trader, extended its prowess during the second quarter by making some big deals to secure more natural gas as demand continues to increase.

Comstock Resources Inc., one of the most prolific natural gas producers in the Haynesville Shale, has dropped rigs, cut completion crews and suspended the quarterly dividend to wait out more favorable commodity prices.

As Permian Basin natural gas volumes continue to exceed expectations and drive record activity, Enterprise Products Partners LP has sanctioned a natural gas liquids (NGL) expansion to meet customers’ growing appetite for export capacity, executives said Tuesday.

BP plc’s U.S. natural gas and oil portfolio, both onshore and offshore, have the potential to sharply increase reserves in the coming years, according to CEO Murray Auchincloss.

Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.

With a plethora of global natural gas and oil opportunities from which to pick and choose, BP plc wants to build volumes, but the priority still continues to be value, CEO Murray Auchincloss said Tuesday.

Calgary’s Whitecap Resources Inc. saw natural gas production jump from Western Canada’s Montney and Duvernay shale formations as well as from conventional assets in Alberta and Saskatchewan in the second quarter.

Liberty Energy Inc. CEO Chris Wright said he thinks artificial intelligence (AI) and the return of manufacturing in the United States would bode well for natural gas demand. He also said exports to Mexico would be “increasingly important” and could support the price of U.S. natural gas indexes going forward.