Appalachia

EQT Again Curtailing Appalachian Natural Gas; Equitrans Contract Issues Surface

EQT Again Curtailing Appalachian Natural Gas; Equitrans Contract Issues Surface

EQT Corp. has once again curtailed Appalachia natural gas production, taking around 425 MMcf/d net output offline Sept. 1, the company said last week. The move to cut production, announced at the Barclays CEO Energy-Power Conference, came less than two months after the largest natural gas producer in the United States brought back online 1.4…

September 14, 2020
Southwestern Strikes All-Stock Deal for Appalachian Pure-Play Montage

Southwestern Strikes All-Stock Deal for Appalachian Pure-Play Montage

Southwestern Energy Co. agreed to acquire Montage Resources Corp. in an all-stock deal that would create the third largest oil and natural gas producer in the Appalachian Basin, with 3 Bcfe/d of combined production.  The deal is valued at $857 million, including debt, according to Raymond James & Associates Inc. It would give the Houston-based…

August 12, 2020
Seneca Continuing Appalachian Shut-ins on Weak Natural Gas Prices

Seneca Continuing Appalachian Shut-ins on Weak Natural Gas Prices

Seneca Resources Co. LLC cut its drilling program to one rig in June and continues to curtail Appalachian spot market production as it has for most of its fiscal year because of low natural gas prices. Seneca, National Fuel Gas Co.’s (NFG) upstream affiliate, curtailed 7.3 Bcf production during the fiscal third quarter (3Q2020) “due…

August 11, 2020
Antero, CNX Sticking to Appalachian Plans as Little Seen Changing for Natural Gas Prices in 2020

Antero, CNX Sticking to Appalachian Plans as Little Seen Changing for Natural Gas Prices in 2020

Appalachian pure-plays Antero Resources Corp. and CNX Resources Corp. said Thursday their activity would remain subdued through most of the year as they work to implement plans crafted  by Covid-19’s impacts on energy markets.  CNX, which announced both liquids and dry gas production shut-ins in April in response to low commodity prices, has yet to…

July 31, 2020
EQT Brings Back 1 Bcfe/d in Appalachia as Natural Gas Demand Said Improving

EQT Brings Back 1 Bcfe/d in Appalachia as Natural Gas Demand Said Improving

EQT Corp. said Monday it has returned the 1 Bcfe/d of Appalachian production to sales this month that was curtailed in May.  The company deferred the volumes as prices eroded from the coronavirus impact on demand.  EQT started bringing back the production earlier this month and said it has so far seen no issues with…

July 27, 2020
Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Dealmaking in the United States within the upstream oil and gas sector staged a slight recovery in the second quarter, with three of five deals in Appalachia, but the period still ranks as the third lowest in quarterly value since 2009, according to Enverus. The data analytics company in its summary of 2Q2020 U.S. upstream…

July 6, 2020
EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
TC Energy Exec Says Appalachian Producers Finally ‘Tapping the Brakes’ Amid Natural Gas Price Crunch

TC Energy Exec Says Appalachian Producers Finally ‘Tapping the Brakes’ Amid Natural Gas Price Crunch

TC Energy Corp.’s natural gas producing customers in the Appalachian Basin are taking corrective measures amid low prices and oversupply of the molecule, management said last Thursday.

February 19, 2020

Oil, Natural Gas Production Growth From Key Onshore Plays Nearly Flat Next Month, Says EIA

Oil and natural gas production from seven of the United States’ most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).

January 21, 2020
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