Chris Mathews - HoustonNewMedia.org https://houstonnewmedia.org/author/chris-mathews/ Building "Bridges" Across the Bayou City! Tue, 28 Nov 2023 17:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Chris Mathews - HoustonNewMedia.org https://houstonnewmedia.org/author/chris-mathews/ 32 32 103504436 Year in Review: Matador Resources acquiring Advance Energy Partners Holdings was a Deal of the Week https://houstonnewmedia.org/year-in-review-matador-resources-acquiring-advance-energy-partners-holdings-was-a-deal-of-the-week/?utm_source=rss&utm_medium=rss&utm_campaign=year-in-review-matador-resources-acquiring-advance-energy-partners-holdings-was-a-deal-of-the-week Tue, 28 Nov 2023 17:00:00 +0000 http://houstonnewmedia.org/?guid=1c684e9bb869e187ae1836f3fe7d92c5 In February 2023, Dallas-based Matador Resources Co. (NYSE: MTDR) agreed to acquire Houston-based exploration and production company Advance Energy Partners Holdings LLC, a portfolio company of Houston-based private equity firm EnCap Investments LP.

The post Year in Review: Matador Resources acquiring Advance Energy Partners Holdings was a Deal of the Week first appeared on HoustonNewMedia.org.

The post Year in Review: Matador Resources acquiring Advance Energy Partners Holdings was a Deal of the Week appeared first on HoustonNewMedia.org.

]]> 695030 Infinium developing Texas plants to produce net-zero heavy transport fuels https://houstonnewmedia.org/infinium-developing-texas-plants-to-produce-net-zero-heavy-transport-fuels/?utm_source=rss&utm_medium=rss&utm_campaign=infinium-developing-texas-plants-to-produce-net-zero-heavy-transport-fuels Fri, 17 Feb 2023 12:00:00 +0000 http://houstonnewmedia.org/?guid=e668305a56605bb2105cf57ce77e2e38 California-based Infinium is developing multiple plants in Texas to produce electrofuels.

The post Infinium developing Texas plants to produce net-zero heavy transport fuels first appeared on HoustonNewMedia.org.

The post Infinium developing Texas plants to produce net-zero heavy transport fuels appeared first on HoustonNewMedia.org.

]]> 550028 Marathon Oil makes $3.6B profit in 2022, plans Eagle Ford activity this year https://houstonnewmedia.org/marathon-oil-makes-3-6b-profit-in-2022-plans-eagle-ford-activity-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=marathon-oil-makes-3-6b-profit-in-2022-plans-eagle-ford-activity-this-year Thu, 16 Feb 2023 19:30:57 +0000 http://houstonnewmedia.org/?guid=d50465f6f792afa76270547c60424516 Marathon Oil aims to return $1.8 billion to shareholders this year.

The post Marathon Oil makes $3.6B profit in 2022, plans Eagle Ford activity this year first appeared on HoustonNewMedia.org.

The post Marathon Oil makes $3.6B profit in 2022, plans Eagle Ford activity this year appeared first on HoustonNewMedia.org.

]]> 549600 Exxon to use Honeywell’s carbon capture tech in Baytown hydrogen production project https://houstonnewmedia.org/exxon-to-use-honeywells-carbon-capture-tech-in-baytown-hydrogen-production-project/?utm_source=rss&utm_medium=rss&utm_campaign=exxon-to-use-honeywells-carbon-capture-tech-in-baytown-hydrogen-production-project Wed, 15 Feb 2023 21:18:32 +0000 http://houstonnewmedia.org/?guid=d22120fa5540bfb5cbcfca6fc775221b Honeywell's technology is expected to enable Exxon to capture around 7 million tons of CO2 per year.

The post Exxon to use Honeywell’s carbon capture tech in Baytown hydrogen production project first appeared on HoustonNewMedia.org.

The post Exxon to use Honeywell’s carbon capture tech in Baytown hydrogen production project appeared first on HoustonNewMedia.org.

]]> 548725 Former ENGlobal CEO takes over leadership duties after executive resigns https://houstonnewmedia.org/former-englobal-ceo-takes-over-leadership-duties-after-executive-resigns/?utm_source=rss&utm_medium=rss&utm_campaign=former-englobal-ceo-takes-over-leadership-duties-after-executive-resigns Wed, 15 Feb 2023 00:30:12 +0000 http://houstonnewmedia.org/?guid=995a8645ace2918c89bc1c8a812bf0b5 ENGlobal is an engineering and manufacturing company serving customers in oil and gas, renewables, petrochemicals and other industries.

The post Former ENGlobal CEO takes over leadership duties after executive resigns first appeared on HoustonNewMedia.org.

The post Former ENGlobal CEO takes over leadership duties after executive resigns appeared first on HoustonNewMedia.org.

]]> 547970 Drilling Tools International to go public through SPAC merger valued at $319M https://houstonnewmedia.org/drilling-tools-international-to-go-public-through-spac-merger-valued-at-319m/?utm_source=rss&utm_medium=rss&utm_campaign=drilling-tools-international-to-go-public-through-spac-merger-valued-at-319m Tue, 14 Feb 2023 19:41:12 +0000 http://houstonnewmedia.org/?guid=89f315ccde0757838a5cdf7b4b6325bf Drilling Tools International specializes in rentals of directional drilling tools, wellbore optimization tools and other drilling products.

The post Drilling Tools International to go public through SPAC merger valued at $319M first appeared on HoustonNewMedia.org.

The post Drilling Tools International to go public through SPAC merger valued at $319M appeared first on HoustonNewMedia.org.

]]> 547822 Patterson-UTI plans to increase rig count, drilling contract prices in 2023 https://houstonnewmedia.org/patterson-uti-plans-to-increase-rig-count-drilling-contract-prices-in-2023/?utm_source=rss&utm_medium=rss&utm_campaign=patterson-uti-plans-to-increase-rig-count-drilling-contract-prices-in-2023 Fri, 10 Feb 2023 19:55:55 +0000 http://houstonnewmedia.org/?guid=a503f66a8f5e87b5f47602d5f4bbe7ef Oil field services company Patterson-UTI was profitable in 2022 after several years of annual losses.

The post Patterson-UTI plans to increase rig count, drilling contract prices in 2023 first appeared on HoustonNewMedia.org.

The post Patterson-UTI plans to increase rig count, drilling contract prices in 2023 appeared first on HoustonNewMedia.org.

]]> 544865 Talos Energy shareholders OK $1.1B EnVen Energy acquisition to grow Gulf of Mexico footprint https://houstonnewmedia.org/talos-energy-shareholders-ok-1-1b-enven-energy-acquisition-to-grow-gulf-of-mexico-footprint/?utm_source=rss&utm_medium=rss&utm_campaign=talos-energy-shareholders-ok-1-1b-enven-energy-acquisition-to-grow-gulf-of-mexico-footprint Thu, 09 Feb 2023 23:38:03 +0000 http://houstonnewmedia.org/?guid=6509693597202f04b38320e795ef7774 The deal, which is scheduled to close in less than a week, is expected to double Talos Energy's deepwater facility footprint.

The post Talos Energy shareholders OK $1.1B EnVen Energy acquisition to grow Gulf of Mexico footprint first appeared on HoustonNewMedia.org.

The post Talos Energy shareholders OK $1.1B EnVen Energy acquisition to grow Gulf of Mexico footprint appeared first on HoustonNewMedia.org.

]]> 544119 Plains All American misses analysts’ expectations in 2022, eyes Permian growth in ’23 https://houstonnewmedia.org/plains-all-american-misses-analysts-expectations-in-2022-eyes-permian-growth-in-23/?utm_source=rss&utm_medium=rss&utm_campaign=plains-all-american-misses-analysts-expectations-in-2022-eyes-permian-growth-in-23 Thu, 09 Feb 2023 17:25:12 +0000 http://houstonnewmedia.org/?guid=7f1b5d8a9750e43c063b1a8e0c6a872d Plains is positioned to capture oil and gas production growth in the Permian Basin this year, the company said in earnings.

The post Plains All American misses analysts’ expectations in 2022, eyes Permian growth in ’23 first appeared on HoustonNewMedia.org.

The post Plains All American misses analysts’ expectations in 2022, eyes Permian growth in ’23 appeared first on HoustonNewMedia.org.

]]> 543731 Weatherford makes $26M profit in 2022 after decade of losses, stock price spikes https://houstonnewmedia.org/weatherford-makes-26m-profit-in-2022-after-decade-of-losses-stock-price-spikes/?utm_source=rss&utm_medium=rss&utm_campaign=weatherford-makes-26m-profit-in-2022-after-decade-of-losses-stock-price-spikes Wed, 08 Feb 2023 21:42:15 +0000 http://houstonnewmedia.org/?guid=85d14762483fceeb810587b412a4464e Weatherford's long journey back into profitability also included a voluntary Chapter 11 bankruptcy filing in mid-2019.

The post Weatherford makes $26M profit in 2022 after decade of losses, stock price spikes first appeared on HoustonNewMedia.org.

The post Weatherford makes $26M profit in 2022 after decade of losses, stock price spikes appeared first on HoustonNewMedia.org.

]]> 542948 NOV CEO: Offshore, international markets taking off in 2023 as North American activity lags https://houstonnewmedia.org/nov-ceo-offshore-international-markets-taking-off-in-2023-as-north-american-activity-lags/?utm_source=rss&utm_medium=rss&utm_campaign=nov-ceo-offshore-international-markets-taking-off-in-2023-as-north-american-activity-lags Wed, 08 Feb 2023 00:52:11 +0000 http://houstonnewmedia.org/?guid=5d99f8129322c7c201a960feab8667a5 In line with forecasts by several other oil field service and equipment providers in Houston, NOV's outlook for North American activity in 2023 is less bullish than its outlooks for offshore and international.

The post NOV CEO: Offshore, international markets taking off in 2023 as North American activity lags first appeared on HoustonNewMedia.org.

The post NOV CEO: Offshore, international markets taking off in 2023 as North American activity lags appeared first on HoustonNewMedia.org.

]]> 542255 LyondellBasell: Petrochemicals markets faced high energy costs, weak demand in 2022 https://houstonnewmedia.org/lyondellbasell-petrochemicals-markets-faced-high-energy-costs-weak-demand-in-2022/?utm_source=rss&utm_medium=rss&utm_campaign=lyondellbasell-petrochemicals-markets-faced-high-energy-costs-weak-demand-in-2022 Tue, 07 Feb 2023 19:37:49 +0000 http://houstonnewmedia.org/?guid=454c461dff780e24e808e09e5ee7d55f LyondellBasell expects petrochemical market challenges to persist during the first half of this year.

The post LyondellBasell: Petrochemicals markets faced high energy costs, weak demand in 2022 first appeared on HoustonNewMedia.org.

The post LyondellBasell: Petrochemicals markets faced high energy costs, weak demand in 2022 appeared first on HoustonNewMedia.org.

]]> 541919 Exxon, Chevron, ConocoPhillips eye Permian Basin growth in 2023 https://houstonnewmedia.org/exxon-chevron-conocophillips-eye-permian-basin-growth-in-2023/?utm_source=rss&utm_medium=rss&utm_campaign=exxon-chevron-conocophillips-eye-permian-basin-growth-in-2023 Fri, 03 Feb 2023 02:12:40 +0000 http://houstonnewmedia.org/?guid=b0c25274a7c1187068b9bcbcb6d301bc Oil and gas companies tapped the Permian Basin in a big way in 2022.

The post Exxon, Chevron, ConocoPhillips eye Permian Basin growth in 2023 first appeared on HoustonNewMedia.org.

The post Exxon, Chevron, ConocoPhillips eye Permian Basin growth in 2023 appeared first on HoustonNewMedia.org.

]]> 538321 ConocoPhillips makes $18.7B profit in 2022, misses Q4 earnings forecasts https://houstonnewmedia.org/conocophillips-makes-18-7b-profit-in-2022-misses-q4-earnings-forecasts/?utm_source=rss&utm_medium=rss&utm_campaign=conocophillips-makes-18-7b-profit-in-2022-misses-q4-earnings-forecasts Thu, 02 Feb 2023 19:35:43 +0000 http://houstonnewmedia.org/?guid=0e5d8bb88dceabeacb72e64f1e2d3ee0 ConocoPhillips also returned $15 billion to shareholders in 2022 and plans to return another $11 billion this year.

The post ConocoPhillips makes $18.7B profit in 2022, misses Q4 earnings forecasts first appeared on HoustonNewMedia.org.

The post ConocoPhillips makes $18.7B profit in 2022, misses Q4 earnings forecasts appeared first on HoustonNewMedia.org.

]]> 538154 Enterprise Products makes $5.6B profit in 2022, transports record volumes in Q4 https://houstonnewmedia.org/enterprise-products-makes-5-6b-profit-in-2022-transports-record-volumes-in-q4/?utm_source=rss&utm_medium=rss&utm_campaign=enterprise-products-makes-5-6b-profit-in-2022-transports-record-volumes-in-q4 Wed, 01 Feb 2023 23:04:06 +0000 http://houstonnewmedia.org/?guid=1199d9c3fb8bcb17b1a89a7f19bd5a20 Looking ahead, Enterprise Products has over $3 billion in assets under construction that are slated to enter operations this year.

The post Enterprise Products makes $5.6B profit in 2022, transports record volumes in Q4 first appeared on HoustonNewMedia.org.

The post Enterprise Products makes $5.6B profit in 2022, transports record volumes in Q4 appeared first on HoustonNewMedia.org.

]]> 537134 Phillips 66 stock drops on Q4 earnings miss, lower refining margins https://houstonnewmedia.org/phillips-66-stock-drops-on-q4-earnings-miss-lower-refining-margins/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-stock-drops-on-q4-earnings-miss-lower-refining-margins Wed, 01 Feb 2023 03:37:58 +0000 http://houstonnewmedia.org/?guid=b7dc1bea73f7ac2053a21af79ba55261 In the fourth quarter specifically, Phillips 66 brought in profit of $1.88 billion, the energy company reported Jan. 31.

The post Phillips 66 stock drops on Q4 earnings miss, lower refining margins first appeared on HoustonNewMedia.org.

The post Phillips 66 stock drops on Q4 earnings miss, lower refining margins appeared first on HoustonNewMedia.org.

]]> 536333 Exxon Mobil makes record profit of $55.7B in 2022 amid favorable market, tight supplies https://houstonnewmedia.org/exxon-mobil-makes-record-profit-of-55-7b-in-2022-amid-favorable-market-tight-supplies/?utm_source=rss&utm_medium=rss&utm_campaign=exxon-mobil-makes-record-profit-of-55-7b-in-2022-amid-favorable-market-tight-supplies Tue, 31 Jan 2023 17:50:24 +0000 http://houstonnewmedia.org/?guid=675af10ea3d230333710083a498c3e6e Exxon's 2022 results benefitted from favorable market conditions, including higher demand and lower inventories.

The post Exxon Mobil makes record profit of $55.7B in 2022 amid favorable market, tight supplies first appeared on HoustonNewMedia.org.

The post Exxon Mobil makes record profit of $55.7B in 2022 amid favorable market, tight supplies appeared first on HoustonNewMedia.org.

]]> 535855 Exclusive: North Hudson Resource Partners launches credit platform for upstream deals https://houstonnewmedia.org/exclusive-north-hudson-resource-partners-launches-credit-platform-for-upstream-deals/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-north-hudson-resource-partners-launches-credit-platform-for-upstream-deals Mon, 30 Jan 2023 21:44:13 +0000 http://houstonnewmedia.org/?guid=e02a6be825e0646ea147d9f7f195152d The firm aims to support upstream companies with loans to refinance debt, pursue acquisitions and expand development.

The post Exclusive: North Hudson Resource Partners launches credit platform for upstream deals first appeared on HoustonNewMedia.org.

The post Exclusive: North Hudson Resource Partners launches credit platform for upstream deals appeared first on HoustonNewMedia.org.

]]> 535117 Exxon awards engineering, design contract for major Baytown hydrogen project https://houstonnewmedia.org/exxon-awards-engineering-design-contract-for-major-baytown-hydrogen-project/?utm_source=rss&utm_medium=rss&utm_campaign=exxon-awards-engineering-design-contract-for-major-baytown-hydrogen-project Mon, 30 Jan 2023 18:57:33 +0000 http://houstonnewmedia.org/?guid=0d884926bbc5b76cce5c63dd909f3af4 Exxon plans to reach a final investment decision on the hydrogen project by next year.

The post Exxon awards engineering, design contract for major Baytown hydrogen project first appeared on HoustonNewMedia.org.

The post Exxon awards engineering, design contract for major Baytown hydrogen project appeared first on HoustonNewMedia.org.

]]> 535020 Chevron earns record $36.5B profit in 2022, hits record U.S. production https://houstonnewmedia.org/chevron-earns-record-36-5b-profit-in-2022-hits-record-u-s-production/?utm_source=rss&utm_medium=rss&utm_campaign=chevron-earns-record-36-5b-profit-in-2022-hits-record-u-s-production Fri, 27 Jan 2023 19:18:37 +0000 http://houstonnewmedia.org/?guid=6167b55601d8a0342e09e81c3f543dad Chevron also boosted its dividend over 6% and authorized a new $75 billion share buyback program that will take effect at the start of Q2. The new buyback program drew condemnation from the White House, which has called on oil and gas companies to use ...

The post Chevron earns record $36.5B profit in 2022, hits record U.S. production first appeared on HoustonNewMedia.org.

The post Chevron earns record $36.5B profit in 2022, hits record U.S. production appeared first on HoustonNewMedia.org.

]]> 532824