Appalachia

Equitrans Midstream Corp. said corrosion was to blame for a natural gas storage well in Southwest Pennsylvania that leaked over 1 Bcf of natural gas into the atmosphere for more than 10 days last November. Corrosion on the outside diameter of the top joint of the well and debris between its outer and inner casings…

Southwestern Energy Co. said a combination of activity cuts, moderating inflation and operational efficiencies would cut its full-year capital spending by $200 million as it continues to navigate a volatile commodity landscape. The company now expects capital investment to be $2.0-2.3 billion this year, with full-year production of 1.65-1.70 Tcfe, or about 1% below the…

Natural gas forward prices were mostly higher for the July 6-12 period as a drop in production and sweltering summer heat drove larger-than-normal gains in Appalachia and the Southeast, according to NGI’s Forward Look. August forward prices climbed an average of 4.0 cents through the period, Forward Look data showed. The balance of summer (August-October)…

Lower 48-focused Kodiak Gas Services LLC, the largest privately owned natural gas contract compression company in the country, is preparing to go public with an offering that could fetch a valuation of nearly $1.7 billion. Based in Montgomery, TX, about 50 miles northeast of Houston, Kodiak is proposing to sell 16 million shares through an…

Natural gas production from the Lower 48’s top seven basins is expected to climb ever so slightly in July to about 97.34 Bcf/d, about 84 MMcf/d higher than in June, according to the U.S. Energy Information Administration (EIA). The Drilling Productivity Report (DPR) provides month/month natural gas and oil production forecasts for the Anadarko, Appalachia…

Ascent Resources Utica Holdings LLC is pivoting to the liquids-rich window of its acreage and marketing most of its natural gas outside the Appalachian Basin to offset price volatility, according to management. CEO Jeff Fisher hosted a conference call earlier this month to discuss first quarter results of Oklahoma City-based Ascent, a Utica Shale pure-play…

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…

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…

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…