Jamison Cocklin

Magnum Hunter Resources Corp. continued to focus on divesting non-core assets in the first quarter, as it looks to shore-up its liquidity and narrow its focus on two core areas in the Appalachian and Williston Basins that continue to slowly drive production gains.

Roughly one year after its first cryogenic and fractionation plants came online, the sprawling Utica East Ohio (UEO) midstream complex, with facilities that stretch from Columbiana to Harrison counties, OH, said Monday that it would respond to producer demand and increase its processing capacity from 800 MMcf/d to more than 1 Bcf/d.

Appalachian pure-play operator Eclipse Resources Corp., which has been rumored since last year to be considering an initial public offering (IPO), has filed a Form S-1 with the U.S. Securities and Exchange Commission indicating that it intends to raise $100 million on the New York Stock Exchange (NYSE) in the coming months.

Little changed for Appalachian pure-play operator Antero Resources Corp. during the first three months of the year, as production continued to steadily climb and the company kept realizing strong natural gas prices as the result of cold weather and its sharp focus on firm transportation.

Range Resources Corp. has earned the cooperation of Allegheny County, PA, to drill for natural gas underneath the 1,180 acre Deer Lakes Park, about 20 miles northeast of Pittsburgh.

Gulfport Energy Corp. on Thursday announced a drastic shift in its strategy to develop the Utica Shale, defying expectations and scaling-back its drilling and completion plans in favor of a slower approach aimed at long-term growth that found analysts on edge and sent the company’s stock plummeting.

PDC Energy Inc. continued to deliver results in its core areas of Colorado’s Wattenberg Field and Ohio’s Utica Shale last quarter by nearly doubling production and once again boosting its liquids mix, but legal fees, commodity prices and processing constraints cut into profits and limited gains at the same time.

For the third time in a year, voters in Youngstown, OH, on Tuesday rejected a referendum calling for a charter amendment that would have banned horizontal hydraulic fracturing (fracking) and related industrial activity within city limits.

In response to requests from Appalachian producers, MarkWest Energy Partners LP on Tuesday said it would add another 400 MMcf/d of rich gas processing capacity by building two cryogenic plants at existing facilities serving Marcellus Shale production in West Virginia.