Sunday, December 22, 2024
SM Energy reports production beat on lower capital costs and schedules year-end 2023 earnings release and call- oil and gas 360

SM Energy reports production beat on lower capital costs and schedules year-end 2023 earnings release and call

Oil and Gas 360 DENVER, Feb. 1, 2024 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced certain estimated 2023 results, including production, pricing, capital expenditures, return of capital and certain financial metrics. Highlights include: Production exceeded expectations. Production for the full year 2023 was 55.5 MMBoe or 152.0 MBoe/d, up 5% from 2022. Fourth quarter production was 14.1 MMBoe, or

U.S. exports of steam coal reached 5-year high in 2023- oil and gas 360

U.S. exports of steam coal reached 5-year high in 2023

Oil Price Lower domestic coal consumption and higher demand in Asia pushed U.S. exports of thermal coal in 2023 to the highest level since 2018, Reuters reported on Thursday, quoting data from ship-tracking firm Kpler. The United States exported last year more than 32.5 million metric tons of thermal – or steam – coal, used primarily in electricity generation, per the data

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation- oil and gas 360

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation

World Oil (WO) –  Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in urging Congress to take immediate legislative action to counter the Biden administrations’ recent decision to halt LNG permits. The legislation,

OPEC+ to review oil cut extension in March, ministers leave policy unchanged- oil and gas 360

OPEC+ to review oil cut extension in March, ministers leave policy unchanged

Nasdaq LONDON/DUBAI/MOSCOW – A committee of OPEC+ ministers proposed no changesto the group’s oil output plans at a meeting on Thursday. Leading ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies, led by Russia, known as OPEC+, met online to discuss market fundamentals. The Joint Ministerial Monitoring Committee (JMMC) can call for a full OPEC+ meeting or make

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 197 Bcf

Natural Gas Inventories as of January 26, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 197 Bcf as of January 26, 2024. Working gas in storage was 2,659 Bcf as of Friday, January 26, 2024, according to EIA estimates. This represents a net decrease of 197 Bcf from the previous week. Stocks were