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Vitesse Energy Announces First Quarter 2023 Results

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月曜日, 5月 8, 2023

Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today announced the Company’s first quarter 2023 financial and operating results.

Key Points:

Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today announced the Company’s first quarter 2023 financial and operating results.
In the first quarter of 2023, Vitesse repurchased $0.2 million of common stock at an average share price of $16.98.
Oil and gas production for the first quarter of 2023 averaged 11,524 Boe per day, an increase of 20% from the first quarter of 2022.
During the quarter, Vitesse spent $21.6 million on development capital expenditures and $1.1 million on acquisitions of oil and gas properties.

SilverBow Resources Announces First Quarter 2023 Results

Retrieved on:

水曜日, 5月 3, 2023

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023.

Key Points:

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023.
For the second quarter of 2023, SilverBow is guiding to estimated production of 317-332 MMcfe/d, with expected oil volumes of 11,900-12,300 Bbls/d.
As of April 28, 2023, SilverBow had 72% of total production hedged for the remainder of 2023, using the midpoint of guidance.
Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's First Quarter 2023 Earnings Conference Call or by visiting the Company's website.

Southwestern Energy Announces First Quarter 2023 Results

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木曜日, 4月 27, 2023

Energy, Other Energy, Utilities, Oil, Gas, WTI, NYMEX, Borrowing base, S&P, Debt-to-GDP ratio, Transport, Adjustment, EBITDA, Hand, Henry Hub, Fitch, Bank, Southwestern Energy

For the quarter ended March 31, 2023, Southwestern Energy recorded net income of $1.9 billion, or $1.76 per diluted share, including a gain on mark-to-market of unsettled derivatives.

Key Points:

For the quarter ended March 31, 2023, Southwestern Energy recorded net income of $1.9 billion, or $1.76 per diluted share, including a gain on mark-to-market of unsettled derivatives.
As of March 31, 2023, Southwestern Energy had total debt of $3.95 billion and net debt to adjusted EBITDA (non-GAAP) of 1.2x.
In January 2023, S&P updated Southwestern Energy to positive outlook, joining Fitch, which updated the Company to positive outlook in August 2022.
As indicated in the table below, first quarter 2023 weighted average realized price was $3.48 per Mcfe, excluding the impact of derivatives and net of $0.27 per Mcfe of transportation expenses.

Delfin Signs LNG Sale and Purchase Agreement with Hartree

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月曜日, 4月 24, 2023

Liquefied natural gas, FLNG, Citigroup, FID, Henry Hub, SPA, LP, Natural gas, Limited, LNG, Hartree

HOUSTON, April 24, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that its wholly owned subsidiary Delfin LNG LLC (“Delfin LNG”) has finalized a binding Liquified Natural Gas (“LNG”) Sale and Purchase Agreement (“SPA”) with Hartree Partners Power & Gas Company (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners, LP.

Key Points:

HOUSTON, April 24, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that its wholly owned subsidiary Delfin LNG LLC (“Delfin LNG”) has finalized a binding Liquified Natural Gas (“LNG”) Sale and Purchase Agreement (“SPA”) with Hartree Partners Power & Gas Company (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners, LP.
Under the SPA, Delfin LNG will supply 0.6 million tonnes per annum (“MTPA”) on a free on-board (“FOB”) basis at the Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana, to Hartree for a 20-year period.
“We are excited about partnering with Delfin LNG and to strengthen their progress toward reaching Final Investment Decision and look forward to a successful and collaborative long-term relationship,” Stephen Hendel, one of Hartree Partners’ Founding Managing Directors said.
Delfin has now secured commitments for 3.1 MTPA of LNG sales which is sufficient to make Final Investment Decision (“FID”) on the first Floating LNG (“FLNG”) vessel for the Delfin Deepwater Port LNG Export Facility.

ICE Announces Record Depths of Liquidity Across U.S. Natural Gas Markets

Retrieved on:

木曜日, 3月 30, 2023

Finance, Oil, Gas, Banking, Energy, Professional Services, TTF, Atlas, ICE, Intercontinental, Intercontinental Exchange, NBP, Natural gas, Henry Hub, AECO, NYSE, REX, Cryptocurrency, Airline

On March 28, 2023, open interest hit a record high of 17.45 million contracts across North American natural gas futures.

Key Points:

On March 28, 2023, open interest hit a record high of 17.45 million contracts across North American natural gas futures.
On March 28, 2023, U.S. financial natural gas futures and options hit record open interest of 10.4 million, with open interest up 11% y/y.
On March 28, 2023, ICE’s total natural gas complex reached record open interest of 19.19 million in futures, surpassing the record last set in June 2021.
ICE’s markets include the U.S. natural gas benchmark Henry Hub, the Canadian natural gas benchmark AECO, ICE’s European natural gas benchmark TTF and TTF 1st line contract, ICE’s UK natural gas benchmark NBP, and ICE JKM LNG (Platts) the benchmark price for natural gas for North-East Asia.

North American LNG Sector Is Getting Crowded, an Industrial Info News Alert

Retrieved on:

金曜日, 3月 24, 2023

Combined, the three facilities offer something rare for Canada -- access to markets outside of North America. But it may come with a catch. Federal forecasts show marketable Canadian natural gas production may have topped out at 15.5 billion cubic feet per day in 2020 and is on pace for a slow, but steady decline to about 13 billion cubic feet per day by 2050.

Key Points:

The provincial government of British Columbia opted to let the US$7.2 billion floating Ksi Lisims LNG facility enter the environmental review process.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for more details.
Combined, the three facilities offer something rare for Canada -- access to markets outside of North America.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

Crescent Energy Announces Fourth Quarter and Full Year 2022 Financial and Operating Results, Year-End Reserves and 2023 Guidance

Retrieved on:

火曜日, 3月 7, 2023

The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2022 results, as well as its 2023 outlook, at 10 a.m. CT, Wednesday, March 8, 2023.

Key Points:

The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2022 results, as well as its 2023 outlook, at 10 a.m. CT, Wednesday, March 8, 2023.
Average realized price for the fourth quarter, including and excluding the effect of commodity derivatives, totaled $42.74 and $52.50 per Boe, respectively.
Operating expense and operating expense excluding production and other taxes, stated on a per Boe basis, were $19.92 and $15.63 for the quarter, respectively.
Approximately $25 million of capex is carried over from the fourth quarter of 2022.

ICE’s Global Commodity and Energy Markets Reach Record Open Interest Across Futures and Options

Retrieved on:

金曜日, 2月 24, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest across its global commodities and energy futures and options markets.

Key Points:

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest across its global commodities and energy futures and options markets.
On February 22, 2023, open interest hit a record 50.7 million contracts across commodity futures and options, surpassing the previous record set in October 2021.
ICE also hit record open interest that day of 46.8 million contracts across its global energy futures and options markets, beating the previous record set in April 2022.
Open interest across ICE's global natural gas futures and options portfolio is up 8% since the start of the year at 30.3 million, with open interest across North American natural gas futures and options, which includes Henry Hub and U.S.

Denbury Reports 2022 Fourth Quarter and Full-Year Results

Retrieved on:

木曜日, 2月 23, 2023

The Company’s fourth quarter 2022 average pre-hedge realized oil price was $82.54 per barrel (“Bbl”), down 11% from the third quarter of 2022.

Key Points:

The Company’s fourth quarter 2022 average pre-hedge realized oil price was $82.54 per barrel (“Bbl”), down 11% from the third quarter of 2022.
The Company’s sales volumes averaged 46,641 barrels of oil equivalent per day (“BOE/d”) during the fourth quarter of 2022, down modestly from third quarter 2022 levels primarily due to severe winter storm impacts.
CO2 sales and transportation fee revenue in the fourth quarter of 2022 was higher than historical periods; however, lower than the third quarter of the year, due primarily to a short-term agreement that expired during the fourth quarter 2022.
The Company’s fourth quarter 2022 effective income tax rate was approximately 17%, lower than the Company’s 25% statutory rate due to a $12 million valuation allowance released during the fourth quarter of 2022.

NOG Declares $0.34 Quarterly Cash Dividend, 13% Increase over Prior Quarter; Provides Operations and Shareholder Return Updates

Retrieved on:

月曜日, 2月 6, 2023

The Company is also providing operational and shareholder return updates.

Key Points:

The Company is also providing operational and shareholder return updates.
NOG’s Board of Directors has declared a cash dividend in the amount of $0.34 per share, representing a 13% increase from the prior quarterly dividend.
Pending Board approval, this would represent the achievement of NOG’s most recently stated dividend growth plan two quarters ahead of plan.
Our differentiated business growth and capital return program demonstrate our commitment to delivering superior total returns for our shareholders.”