Appalachia

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…

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…

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…

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…

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…

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).

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).

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.

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).