Charlie Passut

Cabot Oil & Gas Corp. plans to repurchase up to 10 million shares of its stock to generate cash flow and ramp up drilling in the Marcellus and Eagle Ford shales as it moves forward from one of the best quarters in its history, executives said Friday.

Despite an agreement to sell some of its non-core liquids assets, Enerplus Corp. increased its 2013 estimates for annual average and exit production, thanks to a “strong performance” from its core assets in the Bakken and Marcellus shales.

Seneca Resources Corp. credited the Marcellus Shale for “tremendous growth” during the fiscal fourth quarter, with production and reserves posting big gains — reserves to a record high — and a successful drilling program in Pennsylvania allowing it to raise production guidance for 2014.

A Michigan operator that wanted to drill for oil and gas in Bucks County, PA, is abandoning the effort and bringing a six-year-long legal battle to a close.

Ultra Petroleum Corp. dipped its toe into the oil patch Monday, signing an agreement with an undisclosed seller to acquire oil-producing properties in northeast Utah, in the Uinta Basin, for $650 million, the company said Monday.

Anadarko Petroleum Corp. and Noble Energy Inc. have swapped a combined 100,000 net acres in the Greater Wattenberg Field in northern Colorado, leaving both companies with more contiguous acreage positions in the liquids-rich play.

A company planning to build a diamond mine in north central Quebec said it will generate electric power and heat for its operations onsite with liquefied natural gas (LNG). The option of trucked-in LNG won out over a diesel-fueled power plant and a proposal to connect to the grid via a long distance power transmission line.

After receiving insufficient bids for its assets in New York State, two subsidiaries of Norway’s Norse Energy Corp. ASA have entered Chapter 7 bankruptcy and face total liquidation.

An anti-shale drilling protest in New Brunswick turned violent Thursday after authorities moved in to enforce an injunction to end an ongoing demonstration.