Monday, December 23, 2024

Texas Gov. Abbott Believes Gulf Coast Set to Explode with Growth

From the Times Record News Texas Gov. Greg Abbott said, believe it or not, he is mightier than Russian President Vladimir Putin, on Wednesday during a speech in Wichita Falls. Abbott said the economy of Texas is heftier than the economies of Canada, Australia – and Russia. “That makes me more powerful than Putin,” the native Wichitan said to appreciative

Cabot Reports Highest Earnings Since 2014

3% production growth despite no new wells Cabot Oil & Gas (ticker: COG) announced first quarter results today, showing net earnings of $117.2 million, or $0.26 per share. After adjusting for hedging and other non-recurring items, Cabot earned $128.5 million, or $0.28 per share. Both of these earnings are the highest recorded by the company since before the downturn, and

Southwestern Reports Narrowing Differentials in the Marcellus

Completing wells faster than ever before Southwestern Energy (ticker: SWN) announced first quarter results today, showing net income of $205 million, or $0.36 per share. The company produced an average of 2.46 Bcfe/d in Q1, up 11% year-over-year. Southwestern’s liquids production has grown significantly more rapidly than overall output, rising by 37% year-over-year. The company drilled 32 wells and completed