Appalachia

Northern Access Natural Gas Pipeline Project Inches Forward After Big Court Win

Northern Access Natural Gas Pipeline Project Inches Forward After Big Court Win

The long-delayed Northern Access expansion project, which would move more natural gas out of Appalachia, cleared a major legal obstacle Tuesday when a federal appeals court found New York state regulators waived their authority to issue a crucial water quality certification (WQC) for the pipeline. The U.S. Court of Appeals for the Second Circuit upheld…

March 26, 2021
FERC Upholds MVP Construction Authorization in 3-2 Vote

FERC Upholds MVP Construction Authorization in 3-2 Vote

A split FERC on Wednesday upheld a recent decision to allow Mountain Valley Pipeline LLC (MVP) to partially resume construction near national forest lands, denying a stay request filed by a coalition of environmental groups. Divided three to two along party lines, the Federal Energy Regulatory Commission rebuffed efforts to overturn a December order allowing…

March 25, 2021
Ascent Resources to Curb Utica Spending, Stay Disciplined in 2021

Ascent Resources to Curb Utica Spending, Stay Disciplined in 2021

Ascent Resources Utica Holdings LLC, Ohio’s largest oil and natural gas producer, plans to cut spending this year and hold production flat to 2020 levels as the industry continues to take a more conservative financial approach.  The Ohio pure-play has issued 2021 capital guidance at a range of $550-600 million and intends to maintain production…

March 15, 2021
Southwestern Drills First Ohio Utica Well after Montage Acquisition

Southwestern Drills First Ohio Utica Well after Montage Acquisition

Appalachian pure-play Southwestern Energy Co. plans to keep year/year production and spending flat in 2021 even as it assumes a larger asset base and entry into Ohio with its acquisition of Montage Resources Corp. The exploration and production company laid out its vision for the year last week, joining peers in announcing a plan aimed…

March 3, 2021
Appalachian Pure-Plays Cabot, Range Staying in Maintenance Mode This Year

Appalachian Pure-Plays Cabot, Range Staying in Maintenance Mode This Year

Appalachian heavyweights Cabot Oil & Gas Corp. and Range Resources Corp. both plan to keep spending and production flat this year despite an improving outlook for natural gas.  “While a warmer start to the winter heating season and higher storage levels resulted in wider than anticipated differentials across the Appalachian Basin during the fourth quarter,…

February 26, 2021
UGI’s Stonehenge Pays $205M for Pine Run Midstream

UGI’s Stonehenge Pays $205M for Pine Run Midstream

Pine Run Gathering LLC, a joint venture owned by subsidiaries of Stonehenge Energy Resources III LLC and UGI Energy Services LLC (UGIES), has completed a transaction to acquire Pine Run Midstream LLC for $205 million. The acquisition is from Pittsburgh-based independent PennEnergy, an anchor customer on the Pine Run system.  Pine Run Midstream currently operates…

February 19, 2021
Northern Oil Enters Appalachia as India’s Reliance Exits

Northern Oil Enters Appalachia as India’s Reliance Exits

India’s Reliance Industries Ltd. has agreed to divest its entire stake in 64,000 net acres in the Appalachian Basin, continuing its exodus from unconventional oil and natural gas assets in the United States.  Northern Oil and Gas Inc. (NOG) agreed to acquire the nonoperated stake from Reliance Marcellus LLC in exchange for $175 million and…

February 4, 2021
MVP Pursuing New Strategy, Permits to Finish Building Natural Gas Pipeline

MVP Pursuing New Strategy, Permits to Finish Building Natural Gas Pipeline

Seeking to wrap up construction on a project long ensnared in a tangle of legal and regulatory complications, Mountain Valley Pipeline LLC (MVP) will pursue a new strategy to obtain the waterbody and wetlands crossing approvals that represent the natural gas conduit’s final permitting hurdle. Instead of waiting out the legal process on its stayed…

January 27, 2021
Lower 48 DUC Well Inventory Down to Pre-Pandemic Levels as Oil Prices Recover

Lower 48 DUC Well Inventory Down to Pre-Pandemic Levels as Oil Prices Recover

Lower 48 oil and gas producers have drawn down their inventory of drilled but uncompleted (DUC) wells to pre-pandemic levels, reflecting an improved commodity pricing and demand outlook, according to new analysis by Rystad Energy. After reaching a multiyear high of 6,548 wells last June, the DUC count in the country’s major oil regions fell…

January 26, 2021
MVP Clears Major Permitting Hurdle as Forest Service Completes Supplemental Review

MVP Clears Major Permitting Hurdle as Forest Service Completes Supplemental Review

The U.S. Forest Service (USFS) has finalized a supplemental environmental review of the Mountain Valley Pipeline (MVP), a key step in resolving a permitting setback that has prevented construction on a small portion of the project routed through the Jefferson National Forest. Late last week, the USFS released a final supplemental environmental impact statement for…

December 14, 2020
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