Is that confetti raining from the sky? No, that would be a blizzard of 1Q earnings reports from our oil and gas producer friends commiserating sub-zero natural gas prices, and our midstream friends largely making hay....
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When earnings season rolls around, which it now has with 1Q in the bag for most oil and gas companies, Wall Street analysts are nothing short of giddy to share their comparisons and contrasts among rivals following earnings reports. That’s what shareholders expect. But in the echelon of largest U.S. energy players, this exclusively translates to Exxon and Chevron—also ranked as fifth and seventh largest, respectively, in the world. ...
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So many news nuggets to share, so limited character space to give each its proper due. Still, Reese Energy Consulting soldiers on to arm our producer and midstream readers with the latest intel. ...
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The U.S. oil and gas pipeline network is a sight to behold that goes largely unseen save for a satellite image. Operating around the clock, shouldering a massive responsibility to keep the nation running uninterrupted at full speed, it’s also one of the world’s largest. Home to the greatest number of crude oil pipelines at 147, with another eight under development. Home to 254 natural gas pipelines—the most in North America. And still, we need more to keep pace with the vast changes underfoot that depend on this critical network....
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Reese Energy Consulting today has curated a couple of news nuggets worthy of mention to put an exclamation point on your Thursday. We start with the announced retirement of EOG Resources President Billy Helms, who will depart his position May 31 after only three years, cutting his physical tether to the company that’s defined 40-year career. ...
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Reese Energy Consulting today is following the latest from three midstreamers—one exiting a partnership, one diving into a new one, and both with MPLX front and center. ...
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