Woodside Reports Record Q3 Production, Narrows Guidance for 2024
Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
Private Midstream Executives: More M&A, More Demand, More Gas Pricing Woes
Private midstream CEOs discuss the growth, opportunities and challenges that lie ahead.
Natural Gas Storage Moves Closer to Average
Producers put 76 Bcf of natural gas into U.S. storage—a little less than market expectations—as the traditional storage season nears an end and prices continue to fall.
Companies Take Advantage of ABSs to Finance Acquisitions
Some companies have taken advantage of asset-backed securitizations to monetize some of their cash flows and better position themselves for a sale.
California Mergin’: CRC-Aera Combination Creates Golden State Scale
CRC President and CEO Francisco Leon believes the state needs to bolster its own oil and gas production—not all citizens and lawmakers agree.
Kinder Morgan to Boost NatGas Capacity in Texas
Kinder Morgan said it has made FID for the Gulf Coast Express expansion and confirmed a new pipeline project to move gas to the site of future Southeast Texas LNG export facilities.
Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’
Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.
Bracewell: How Trump and Harris Differ (or Don’t) on Energy Policy
Presidential impact on energy prices is largely about perception, although LNG permitting, production incentives and the Inflation Reduction Act will be influenced depending on who is in the White House.
Phillips 66 to Cease Operations at Los Angeles-area Refinery
Phillips 66 said on Oct. 16 it plans to stop operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet consumer demand.
EPIC Crude Completes Refinancing Amid Permian Pipeline Expansion
The refinancing comes at the heels of Diamondback and Kinetik Holdings acquiring stake in EPIC’s 800-mile crude pipeline, which runs from the Permian Basin to the Gulf Coast.