Appalachia

EQT Forced to ‘Claw Back’ Natural Gas Production After Third Quarter Setbacks

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…

October 28, 2022
Warmer Forecast Drags Natural Gas Futures Below $6; Near-Term Cold Boosts Cash

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…

October 17, 2022
Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction

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…

September 7, 2022
With Seneca Resources Shift, NFG Foresees Appalachian Natural Gas Growth

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…

August 12, 2022
F-Word Rattles Natural Gas Futures Again Despite No Change to Operations Plans; Cash Mixed

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…

August 10, 2022
CNX Looking to Capture Methane from Appalachia Operations for Biodegradable Plastic

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…

July 15, 2022
Appalachian Pure-Play Olympus Certifying All Natural Gas, Midstream Operations

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…

July 12, 2022
Supply Fears Keep Pressure on Natural Gas Forward Prices

Supply Fears Keep Pressure on Natural Gas Forward Prices

With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

May 27, 2022
U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

Infrastructure constraints and a slow pace of project approvals have hampered natural gas production growth, but rising output is coming – albeit at a slower pace and higher price, industry executives said earlier this month in Houston. Goldman Sachs’ Samantha Dart, head of natural gas research, said dry gas growth was the “single biggest contributor”…

March 23, 2022
BKV Working on Certified Natural Gas Label; Seneca E&P Operations Gain Designation

BKV Working on Certified Natural Gas Label; Seneca E&P Operations Gain Designation

Thailand’s Banpu Kalnin Ventures Corp. (BKV) and BKV-BPP Power LLC are working to certify natural gas produced in the Lower 48 initially to fuel a power plant in Central Texas. Denver-based exploration and production (E&P) company BKV purchased the Temple I power plant north of Austin for $430 million in November with Banpu Power US…

March 4, 2022
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