Here is a big tip of the hat to CEO Harold Korell and his whole team at Southwestern Energy Corp. in Houston. The E&P company is the only energy-related company to make the list of the 10 best performers in the S&P 500 for 2008. That's quite an honor in this year of all years. You can thank a glorious set of shale wells and acreage, and good, steady execution. The company's third-quarter results showed that its Fayetteville shale production in Arkansas was up 75% over the prior year. The stock has outperformed just about everybody--actually going up and staying up relative to other E&Ps, many of which have gone on a wild ride this year to new highs and new lows. The 52-week high was $52 and change in July--the low was $19.05 on October 10. In the interest of full disclosure, I don't own any of this stock (other than if it is buried in some of my mutual funds)--but I wish I did. The stock closed at $27.78 on Dec. 15. --Leslie Haines, Editor in chief, Oil and Gas Investor. Contact me at firstname.lastname@example.org.
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
2024-02-15 - The BP-operated Greater Tortue Ahmeyim project on the Mauritania and Senegal maritime border is expected to produce 2.3 million tonnes per annum during it’s initial phase.
2024-02-13 - First gas from the TotalEnergies-operated project is expected in fourth-quarter 2024.
2024-01-16 - The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.
2024-02-05 - Here’s a roundup of the latest E&P headlines, including an update on Enauta’s Atlanta Phase 1 project.