National Fuel Gas ($NFG) has moved from studying a breakup to approving one. On October 14, its board approved a plan to separate the Appalachian upstream and gathering operations into an independently traded company, with completion targeted for the second half of 2027. The decision arrives one day before the October 15 deadline that National Fuel set for… Read More »
National Fuel Gas Company ($NFG) may be preparing to dismantle the integrated natural-gas model it has spent years telling investors was one of its biggest advantages. Reuters reported Wednesday that National Fuel is exploring strategic alternatives for its Integrated Upstream and Gathering business, which includes Seneca Resources and National Fuel Gas Midstream. The alternatives reportedly include a sale,… Read More »
On Wednesday, Exterran Holdings completed its spinoff of Exterran Corporation(EXTN) and changed its name to Archrock, Inc.(AROC). Not to be confused with a defunct seafood restaurant, or a small brewery, or perhaps the next new comic book villain, Archrock “is the leading provider of natural gas contract compression services to customers throughout the United States and a leading… Read More »
Like many companies with a focus on natural gas, Encana(ECA) has struggled with the glut of production causing sustained low prices. To some extent, the company has successfully shifted production to oil and natural gas liquids which have had far better economics over the past few years. There is still more that the company needs to do, however,… Read More »
Image via Wikipedia One potential hurdle for Questar’s (STR) proposed spinoff was cleared earlier this week as the company’s Board of Directors approved the transaction. The new company, QEP Resources, Inc is expected to trade on the NYSE under the symbol “QEP” and will be comprised of the natural gas and oil exploration and production (E&P) and midstream field services businesses.… Read More »
Image via Wikipedia Questar(STR) announced on April 21 that it is considering separating its unregulated exploration and production (E&P) business from its regulated utility business, creating two independent companies. According to that press release, Questar currently consists of six businesses: Questar Exploration and Production Company, a diversified natural gas and oil-exploration and production company; Questar Gas Management, a… Read More »