Articles by Stu Turley

About Stu Turley

Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

Earnings

Antero Resources (AR) Q4 Earnings Miss, Proved Reserves Fall

February 18, 2021 Stu Turley

Antero Resources Corporation AR reported fourth-quarter 2020 adjusted loss per share of 3 cents against the Zacks Consensus Estimate of earnings of 2 cents. The company’s year-ago loss was 2 cents per share. Total revenues of $1,309.1 […]

Southern Company reports fourth-quarter and full-year 2020 earnings

February 18, 2021 Stu Turley

Southern Company today reported fourth-quarter 2020 earnings of $387 million, or 37 cents per share, compared with $440 million, or 42 cents per share, in the fourth quarter of 2019. Southern Company also reported full-year 2020 earnings of $3.12 billion, or $2.95 per share, […]

Bonanza Creek Energy Announces Fourth Quarter and Full-Year 2020 Results

February 18, 2021 Stu Turley

Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its fourth quarter and full-year 2020 financial results, and has posted an updated investor presentation to its website. Highlights for the fourth […]

Ovintiv (OVV) Beats Q4 Earnings Estimates

February 18, 2021 Stu Turley

Ointiv (OVV) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted […]

U.S. LNG exports set consecutive monthly records of 9.4 Bcf/d in November and of 9.8 Bcf/d in both December 2020 and January 2021, according to EIA’s estimates based on the shipping data provided by Bloomberg Finance, L.P. EIA forecasts that U.S. LNG gross exports will average 9.7 Bcf/d in February 2021 before declining to seasonal lows in the shoulder months of the spring and fall seasons. EIA forecasts LNG exports to average 8.5 Bcf/d in 2021 and 9.2 Bcf/d in 2022, compared with average gross pipeline exports of 8.8 Bcf/d in 2021 and 8.9 Bcf/d in 2022. Since November 2020, all six U.S. LNG export facilities have been operating near full design capacity. In December, the Corpus Christi LNG facility in Texas commissioned its third and final liquefaction unit six months ahead of schedule, bringing the total U.S. liquefaction capacity to 9.5 Bcf/d baseload (10.8 Bcf/d peak) across six export terminals. The November–January increase in U.S. LNG exports has been driven by rising international natural gas and LNG prices, particularly in Asia, and lower global LNG supply because of unplanned outages at several LNG export facilities worldwide. U.S. monthly natural gas pipeline and LNG exports Source: U.S. Energy Information Administration, Natural Gas Monthly U.S. pipeline exports to Mexico increased by 6.4% in the first eleven months of 2020 compared with the same period in 2019 as a result of the completion of a new segment of the Wahalajara pipeline system in June and the Cempoala compressor station in September. The completion of Mexico’s Samalayuca-Sásabe pipeline (0.47 Bcf/d capacity) in January 2021 and the expected completion of Tula-Villa de Reyes pipeline (0.89 Bcf/d capacity) later this year are expected to further increase U.S. pipeline exports to Mexico. Principal contributor: Victoria Zaretskaya

Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022

February 18, 2021 Stu Turley

According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of […]

AF-35 fiter - hill Airfors Base - Ogden - Energy News Beat

The Good, Bad and Homely: China Targets America’s Rare Earth Vulnerability and will impact the grid infrastructure

February 18, 2021 Stu Turley

Energy News Beat Publishers Note: The good, bad and homely. The good thing to come out of the Texas disaster, it has brought our United States aging energy infrastructure, which is incapable of handling the […]

Crescent Point Energy Corp - Energy News Beat

Shell sells Canada’s Duvernay oil assets for $707mn

February 18, 2021 Stu Turley

The sale includes about 450,000 net acres in the Fox Creek and Rocky Mountain House areas in Alberta, along with related infrastructure, which is currently producing 30,000 b/d oil equivalent (boe/d) from more than 270 […]

Oil Traders Rush for European Diesel to Help Supply Icy U.S.

February 18, 2021 Stu Turley

Diesel traders are snapping up ocean-going tankers to haul millions of barrels of European diesel to the U.S., where the coldest weather in years has brought swaths of the petroleum industry to a halt. At […]

Texas leaders failed to heed warnings that left the state’s power grid vulnerable to winter extremes, experts say

February 18, 2021 Stu Turley

Millions of Texans have gone days without power or heat in subfreezing temperatures brought on by snow and ice storms. Limited regulations on companies that generate power and a history of isolating Texas from federal oversight help […]

Texas Bans Gas Exports, 1.6 Million Get Power: Energy Update

February 18, 2021 Stu Turley

Texas Governor Greg Abbott is banning sales of the state’s natural gas beyond its borders in the latest sign the crisis roiling energy markets and leaving millions in the dark is far from abating. Top U.S. liquefied […]