EQT, the largest producer of natural gas in the United States, reported a net loss of $601 million or $2.35 in the third quarter 2020, Kallanish Energy reports. That compares to a loss of $361 million or $1.41 per share in 3Q 2019. That loss was smaller than had been expected with lower operating costs … Read more
Tellurian Inc. has reported a second quarter 2020 net loss of $128.8 million or 53 cents per share on its Haynesville Shale in Louisiana and East Texas. That compares to a net loss of $40.5 million in 2Q 2019. The company lost $40.7 million in 1Q 2020. It reported an impairment of $81.1 million on … Read more
British oil supermajor BP has roughly 10 new projects in the pipeline expected to receive a final investment decision (FID) by 2021, potentially adding 900,000 barrels of oil-equivalent per day (Boe/d) to its portfolio, Kallanish Energy reports. CEO Bob Dudley said Tuesday during an earnings call these undisclosed projects are located from the Gulf of Mexico … Read more
Alberta-based TC Energy last week reported third-quarter 2019 net earnings of $739 million, or 79 cents per share, Kallanish Energy reports, which compares to net income of $928 million, or $1.02 per share in Q3 2018. Net cash provided by operations was $1.6 billion. “During the third quarter of 2019, our diversified portfolio of regulated … Read more
Energy Transfer LP has reported second quarter 2019 net income of $878 million, or 33 cents per share, Kallanish Energy reports, up $523 million, or 147.3%, compared to Q2 2018. The increase is due primarily to higher operating income and the impact of the simplification transaction involving Energy Transfer and Energy Transfer Operating in October 2018, … Read more
Montage Resources is the latest E&P company reducing full-year 2019 capital spending (Capex), Kallanish Energy reports. The company said it has reduced second half 2019 activity levels from two rigs to one rig, resulting in lowered capital spending of $30 million in the Appalachian Basin. The reason for the reduction is low commodity … Read more
Halcon Resources reported a first quarter 2019 net loss of $336.6 million, or $2.12 per diluted share, as it develops new strategic and financial plans, Kallanish Energy reports. That compares to a Q1 2018 net loss of $2.6 million, or 2 cents a share. The Denver-based company said it generated total revenue of … Read more
French oil major Total reached record production in the first quarter of 2018, posting 5% growth year-over-year, despite the expiration of the Mahakam permit in Indonesia, Kallanish Energy reports. The company’s oil and gas output reached 2.70 million barrels of oil-equivalent per day (MMBOE/d) during the January-March period, compared to 2.56 MMBOE/d a year earlier. … Read more
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