With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, the agency modeled…
Tag / Appalachia
SubscribeAppalachia
Articles from Appalachia

Timely Release of USFS Draft Review a Potential Boon for MVP
Earlier than expected, the U.S. Forest Service (USFS) has released a draft version of an updated environmental review needed for the Mountain Valley Pipeline’s (MVP) proposed 3.5-mile crossing of the Jefferson National Forest along the Virginia-West Virginia border. Notice of the availability of the draft supplemental environmental impact statement (EIS) was published in the Federal…

Sitio, Brigham Complete $4.8B Merger to Form U.S. Mineral, Royalties Giant
Minerals firm Sitio Royalties Corp. closed the books on a successful merger with Brigham Minerals Inc., combining “two of the largest public companies in the mineral and royalty sector,” the companies said. The $4.8 billion all-stock transaction has added 15,000 boe/d of oil-weighted pro forma production to Denver-based Sitio’s portfolio, which now stands at about…

EQT Forced to ‘Claw Back’ Natural Gas Production After Third Quarter Setbacks
Supply chain issues, midstream constraints and adverse weather combined to curb EQT Corp.’s third quarter natural gas output and are likely to impact the company’s operations through the middle of next year, management said Thursday. “These third-party constraints, along with water restrictions due to drought conditions in parts of the [Appalachian] basin, negatively impacted our…

Warmer Forecast Drags Natural Gas Futures Below $6; Near-Term Cold Boosts Cash
Forecasts for dramatic warm-up after this week’s snowy, chilly week sent natural gas futures prices tumbling on Monday. The November Nymex gas futures contract plummeted 45.4 cents to $5.999/MMBtu, while December futures dropped 34.8 cents to $6.479. At A Glance: Weather models agree on warmth’s return Production recovers above 100 Bcf/d Chilly temperatures seen through…

Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction
EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

With Seneca Resources Shift, NFG Foresees Appalachian Natural Gas Growth
A sizable boost in quarterly output from the exploration arm, as well as stronger midstream volumes, have helped fuel Appalachian Basin-focused National Fuel Gas Co. (NFG) as it shifts focus to undeveloped acreage in the Marcellus and Utica shales. Management told investors during a third quarter conference call the firm’s performance reflected its approach to…

F-Word Rattles Natural Gas Futures Again Despite No Change to Operations Plans; Cash Mixed
It appears every time someone utters the word “Freeport,” the natural gas market gets itself into a tizzy. This time, though, the latest development in the wake of the LNG terminal’s explosion earlier this summer did nothing to alter its planned restart and thus should have had little influence over prices. At A Glance: Freeport…

CNX Looking to Capture Methane from Appalachia Operations for Biodegradable Plastic
Appalachian pure-play CNX Resources Corp. has signed a 15-year deal with a California-based technology company to capture methane to manufacture a biodegradable polymer. CNX, which develops unconventional natural gas and coalbed methane assets throughout the Appalachian Basin, would capture the methane from coal mines and other third-party industrial operations for Newlight Technologies Inc. Newlight has…

Appalachian Pure-Play Olympus Certifying All Natural Gas, Midstream Operations
Olympus Energy LLC has become the latest exploration and production (E&P) firm to claim the distinction of producing 100% certified natural gas after an analysis by Project Canary. Pittsburgh independent Olympus operates around 100,000 net acres with more than 10 producing wells in Marcellus, Utica and Upper Devonian plays of southwestern Pennsylvania. Olympus COO Mike…