Comstock's (CRK) production of oil and natural gas averages 125.5 Bcfe, up 230.2% from the year-ago level as the company's thriving Haynesville shale drilling activity continues to yield returns.
TC PipeLines' (TCP) first-quarter operation and maintenance expenses of $16 million reiterate the year-ago number.
Q1 2020 Williams Companies Inc Earnings Call
Williams (WMB) secures a transportation pact to supply natural gas from the massive Anchor field in the deepwater Gulf of Mexico to the Discovery system.
Oasis Petroleum's (OAS) lease operating expenses decrease to $6.83 per barrel of oil equivalent (Boe) from the year-ago figure of $7.08 per Boe.
Williams (NYSE: WMB) announced today that it has priced a public offering of $1 billion of its 3.50% Senior Notes due 2030 at a price of 99.495 percent of par. The expected settlement date for the offering is May 14, 2020, subject to customary closing conditions.
Enbridge (NYSE: ENB) and The Williams Companies (NYSE: WMB) are two of the largest oil and gas midstream companies in North America. With Enbridge yielding 7.2% and Williams yielding 8.2% at the time of this writing, both companies seem like attractive options for investors who want a little more than the 2% or so average yield in the S&P 500. Both Enbridge and Williams reaffirmed their initial 2020 guidance despite the downturn in oil and gas prices.
Canadian Natural's (CNQ) first-quarter output of 1,178,752 barrels of oil equivalent per day rises 13.9% from the prior-year quarter's level.
Oceaneering's (OII) capital expenditure in the first quarter including acquisitions shoots up to $27.2 million.
Williams Companies, Inc. The (WMB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Gulfport Energy's (GPOR) total oil and gas production drops to 95,896 million cubic feet equivalent (MMcfe) from 113,726 MMcfe in the corresponding period of last year.
(Bloomberg) -- Williams Cos. said it won’t refile state applications for a contentious $1 billion natural gas pipeline after New York again denied the project a key permit.The state’s Department of Environmental Conservation on Friday rejected Williams’ latest application for a water permit for its Northeast Supply Enhancement project after denying the pipeline the same permit last year. Williams said Saturday that it wouldn’t be refiling applications to either New York or New Jersey.“The decision to pause this important infrastructure project is unfortunate for the region,” Williams said in the statement.The Northeast Supply Enhancement project was at the crux of a standoff last year between New York Governor Andrew Cuomo and National Grid Plc after the utility imposed a moratorium on gas hookups.The New York State DEC said it determined construction of the project “would result in significant water quality impacts” and cited a May 8 report by National Grid that “identified additional options that would meet the projected gap between demand and supply of natural gas.”Shellfish BedsThe project, which would add pipeline segments in New York, Pennsylvania and New Jersey to an existing Williams system, joins a slew of gas proposals in the region that have faced delays.New York regulators have focused on the impacts of the 17.4 mile (28 kilometer) stretch of 26-inch diameter pipeline, referred to as the Raritan Bay Loop, which would run underwater en route from New Jersey to Queens. The agency said construction of the project would result in the re-suspension of sediments and other contaminants, including mercury and copper, and disturb shellfish beds and other seabed resources.Environmental group 350.org applauded the denial and called the pipeline “unnecessary and risky.”Williams said on a conference call earlier this month that it wasn’t allocating significant capital to the project until it had all of its necessary permits. “We remain confident that NESE will ultimately be approved,” Williams Chief Executive Officer Alan Armstrong said at the time.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The analysts covering The Williams Companies, Inc. (NYSE:WMB) delivered a dose of negativity to shareholders today, by...
The Longleaf Partners Fund releases its portfolio for 1st-quarter 2020 Continue reading...
Williams (NYSE: WMB) today announced that it is taking steps to develop solar energy installations at its facilities to provide electricity to the company’s existing natural gas transmission and processing operations, an investment made possible through generous federal and state tax credits. The move builds on the company’s natural gas-focused strategy, with natural gas generation bringing reliability to the electric power grid and allowing for growth in renewable energy.
Williams Co (WMB) has revealed that it will not refile an application for its $1 billion pipeline that would have provided 400,000 dekatherms per day of incremental natural gas capacity to National Grid for customers in Brooklyn, Queens, and Long Island.“While we continue to believe in the fundamentals of this project, we will not refile in New Jersey or New York at this time,’’ said Laura Creekmur, spokesperson for Williams, in a statement.Following a previous denial last year, the New York State Department of Environmental Conservation again denied the application for the Northeast Supply Enhancement project based on the company’s inability to demonstrate compliance with water quality standards.Along with other components located in Pennsylvania and New Jersey, the project would have involved the installation of approximately 17.4 miles of 26-inch diameter natural gas loop pipeline within New York State waters, to be known as the Raritan Bay Loop.According to the Department the project would have caused “significant water quality impacts from the resuspension of sediments and other contaminants, including mercury and copper” which would be especially problematic within Raritan Bay- a known sensitive habitat and critical resource area.“The decision to pause this important infrastructure project is unfortunate for the region as the design and construction would have generated valuable economic activity in Pennsylvania, New Jersey and New York, and would have directly and indirectly supported more than 3,000 jobs during the construction period,’’ Creekmur said.Nonetheless, Williams maintains a firmly bullish Strong Buy Street consensus, with 12 recent buy ratings vs just 2 hold ratings. The average analyst price target stands at $22 (18% upside potential). Shares in WMB have plunged 21% on a year-to-date basis. (See WMB stock analysis on TipRanks).Related News: Carl Icahn Initiates Position in Delek US Holdings, Boosts Occidental Petroleum Amazon’s Response To Judiciary Committee ‘Unacceptable’ Tweets Jerry Nadler Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion More recent articles from Smarter Analyst: * Lufthansa Clinches $9.8 Billion Bailout Deal With German Government * Regeneron To Repurchase $5 Billion Stake From Sanofi * Gates Foundation Buys Up Amazon, Apple, Twitter Stock; Trims Berkshire Hathaway Stake * Earnings: RBC Forecasts Choppy Results For Dell This Thursday
New York environmental regulators on Friday denied a water permit for Williams Cos Inc's proposed Northeast Supply Enhancement (NESE) natural gas pipeline from Pennsylvania to New York City. The Department of Environmental Conservation (DEC) said the construction of the project would not meet the state's rigorous water quality standards. Williams has said the project, which includes an offshore pipe between New Jersey and Long Island, New York, will cost about $1 billion and could enter service in time for winter 2021 heating season.
Crashing crude oil prices have weighed on most energy stocks, including pipeline companies that are relatively immune to fluctuations in volumes and pricing. Because of that, many sell for dirt-cheap prices these days. Three that stand out are Kinder Morgan (NYSE: KMI), Williams Companies (NYSE: WMB), and ONEOK (NYSE: OKE).
The oil industry could take a lot longer to recover than the economy. Five experts weigh in on better investments for reliable dividends.
After a steep drop in March, Williams saw a big rebound in April. The bigger question might be why there was a drop in the first place.