Jamison Cocklin

Gulfport Energy Corp. plans to acquire private equity-backed Paloma Partners III LLC for $300 million and bolt on that company's 24,000 net acres in the Utica Shale's dry gas core.

Appalachian pure-play Antero Resources Corp. said it produced a record 1.5 Bcfe/d in the first quarter, adding the caveat that the growth would stall for most of the year on plans to defer the completion of 50 horizontal Marcellus Shale wells this quarter and next.

Republican leadership in the Ohio House of Representatives on Tuesday unveiled their version of the state’s two-year operating budget, which would cut nearly all of the tax reforms proposed by Gov. John Kasich, including a 6.5% severance tax on unconventional oil and natural gas production.

While Magnum Hunter Resources Corp. increased its year-over-year production by 66% to 163.6 MMcfe/d in the first quarter, the company failed to meet Wall Street’s broader expectations after a bumpy finish to 2014 that found it pulling back in the face of falling commodity prices.

After three months of negotiations with several undisclosed parties, Eclipse Resources Corp. has ruled out a joint venture (JV). The company said Wednesday it has sufficient liquidity to develop its assets alone and will defer a partnership until commodity prices improve.

The Pennsylvania Independent Oil and Gas Association (PIOGA) is considering legal action against Democratic Gov. Tom Wolf’s administration for a series of moves that led to changes at the state Department of Environmental Protection (DEP) and new draft rules for the industry that are expected to be implemented next year.

The West Virginia Department of Environmental Protection (WVDEP) confirmed that at least one condensate pipeline in Marshall County was damaged during inclement weather that rolled through the region late last week, causing a spill into a nearby creek.

In the latest legal challenge over pipeline development in the region, Rover Pipeline LLC has filed more than a dozen lawsuits in three southern Michigan counties against landowners who have denied the company access to their property for surveys.

Consol Energy Inc. said it is cutting its Appalachian Basin workforce, confirming layoffs in its gas division and joining several of its peers across the country that have recently announced similar plans aimed at reducing costs amid the commodities downturn.