Chris
Mathews
Hart Energy
CEO: Magnolia Hunting Giddings Bolt-ons that ‘Pack a Punch’ in ‘24
Magnolia Oil & Gas plans to boost production volumes in the single digits this year, with the majority of the growth coming from the Giddings Field.
Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO
Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.
Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs
The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.
Williams Beats 2023 Expectations, Touts Natgas Infrastructure Additions
Williams to continue developing natural gas infrastructure in 2024 with growth capex expected to top $1.45 billion.
ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
ARC Resources Adds Ex-Chevron Gas Chief to Board, Tallies Divestments
Montney Shale producer ARC Resources aims to sign up to 25% of its 1.38 Bcf/d of gas output to long-term LNG contracts for higher-priced sales overseas.
NGL Energy Partners Announces Cash Distribution
Payments to holders of NGL Energy Partners’ Class B and C preferred units will be made Feb. 27.