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Targa Resources Forecasts Rising Profits on 2024 Exports
Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.
Antero Poised to Benefit from Second Wave of LNG
Despite the U.S. Department of Energy’s recent pause on LNG export permits, Antero foresees LNG market growth for the rest of the decade—and plans to deliver.
Midstream Operators See Strong NGL Performance in Q4
Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
NOV Declares Regular Quarterly Cash Dividend
NOV’s dividend is payable March 28 to stockholders on record by March 14.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
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.