Earnings

Williams executives are expecting strong growth for natural gas consumption in the years ahead, but said those levels of demand may not come “quite as quickly as a lot of people think,” and, in one case, that demand was not enough to overcome opposition to a pipeline project. “Natural gas demand is not just growing…

BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.  Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in…

Canada’s largest natural gas producer, Tourmaline Oil Corp., is using hedging and a diversified marketing strategy to counteract low prices for the commodity in Western Canada, management said.  CEO Michael Rose hosted a conference call to discuss first quarter earnings for Tourmaline, which operates in the Alberta Deep Basin, the Montney Shale and the Peace…

Multi-basin exploration and production firm EOG Resources Inc. is managing its natural gas program to align with demand dynamics, management said in its first quarter earnings call. “While we expect the natural gas market to remain soft through the end of this quarter, much like last year, we expect it to strengthen through the second-half…

Houston-based Coterra Energy Inc. is shifting its near-term capital spending in the Lower 48 to focus on oil and liquids-rich plays, but optionality is still in play to take advantage of a “structural change in the natural gas macro” later this year, CEO Tom Jorden said. During the first quarter conference call, Jorden said caution…

Nearly everything is in place for Haynesville Shale pure-play Comstock Resources Inc. to become a major LNG supplier. First, though, the company has an “all-hands” effort to manage the assets with uncooperative natural gas prices. CEO Jay Allison discussed the first quarter performance and the outlook during a recent conference call. It was a tough…

Targa Resources Corp. is moving forward with two major projects based on its outlook for increasing Permian Basin natural gas production and resulting natural gas liquids (NGL) supply growth. High utilization rates at the 250 MMcf/d Pembrook processing facility in the Permian’s Midland sub-basin “necessitates moving forward with Pembrook II,” CEO Matt Meloy said during …

Dallas-based EnLink Midstream LLC, whose natural gas transport options extend from the Permian Basin to Louisiana, is looking to the “longer-term setup” for incremental demand growth, including the potential to power artificial intelligence (AI) data center growth, CEO Jesse Arenivas said. He discussed first quarter performance during a recent conference call and highlighted how the…

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…