Public Capital , Earnings , Shale Plays , Technology

Halliburton Takes $2.2 Billion Charge On Fracking

Halliburton beat analysts' estimates for quarterly profit on Jan. 21, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America activity.

January 21, 2020

Earnings , Exploration & Production , Shale Plays , Technology , Acquisitions & Divestitures

Schlumberger Tops Estimates On Higher International Drilling Activity

Schlumberger outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.

January 17, 2020

Public Capital , Earnings , Exploration & Production , Natural Gas , Shale Plays

EQT To Take Up To $1.8 Billion Charge Due To Low Gas Prices

U.S. natural gas producer EQT Corp. said Jan. 13 it would take a non-cash impairment charge of up to $1.8 billion in the fourth quarter driven by record low gas prices.

January 13, 2020

Public Capital , Earnings , Exploration & Production , Natural Gas , Shale Plays

Range Resources Expects To Book Asset Impairment Charge

Range Resources expects a significant charge in the fourth quarter related to its oil and gas properties in North Louisiana, as U.S. natural gas prices trade near two-decade lows.

January 9, 2020

Public Capital , Earnings , Unconventional , Shale Plays

Diamondback Energy Ends 2019 Strong After Frac Hit Issue Eases

Diamondback Energy reported a rebound in oil production after frac hits impacted the Permian Basin operator’s results in third-quarter 2019.

January 8, 2020

Earnings , Pressure Pumping

Oilfield Services Firm NexTier Raises Earnings, Revenue Outlook

NexTier Oilfield Solutions on Jan. 7 raised its fourth quarter earnings and revenue guidance, according to a presentation at a Miami energy conference.

January 8, 2020

Public Capital , Earnings , Acquisitions & Divestitures

Exxon Mobil Signals Fourth-quarter Weakness Offset By Asset Sale

Offsetting the weak results, Exxon Mobil will report a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production.

January 6, 2020

Earnings , Technology

Petrofac Says Bidding Process Delays Hurt New Orders; Shares Fall

Oilfield services provider Petrofac Ltd. said on Dec. 17 it expected a more than 5% fall in full-year revenue, as delays in bidding processes hit new orders for its engineering and construction segment during the second half of 2019.

December 17, 2019

Earnings , Pipelines

Enbridge Sees Higher 2020 Core Earnings, Distributable Cash Flow

Company plans to apply for contracting approval for Mainline system by year-end.

December 10, 2019


Kinder Morgan Expects Earnings To Decline In 2020

Pipeline operator Kinder Morgan Inc. on Dec. 5 said it expects core earnings to decline next year as it increases its dividend and uses proceeds from asset sales to pay down debt.

December 5, 2019