Targa Resources Corp. (NYSE:TRGP) Q4 2023 Earnings Call Transcript February 15, 2024 Targa Resources Corp. misses on earnings expectations. Reported EPS is $1.26 EPS, expectations were $1.53. Targa Resources Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day […]
Occidental Petroleum expects the closing of its $12-billion deal to buy CrownRock to be delayed to the second half of 2024 as the Federal Trade Commission (FTC) has asked for additional information
Capital investment in shale and exploration will be trimmed by $320 million, and two rigs in the Permian will be idled this year, the Houston-based company said Wednesday. Spending will increase in the Gulf of Mexico, chemicals and the enhanced oil recovery business.
The operators, today running a total of 26 rigs in the Permian basin, will see that count whittled down to between 20 and 22 over time, Kaes Van’t Hof, chief financial officer at Diamondback, said Monday on a conference call. They’ll be more efficient, however, meaning production will rise modestly despite the curtailed rig count.