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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads.

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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Adjusted EBITDA was $760 million compared to $775 million for the fourth quarter of 2023.

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A Guide to Enhanced Oil Recovery (EOR)

Drillers

These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crude oil grades. But not all oil-bearing geology is the same and not all oil is the same.

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