Appalachia

Appalachia’s Northeast Natural Aiming to Certify Natural Gas as Responsibly Sourced

Appalachia’s Northeast Natural Aiming to Certify Natural Gas as Responsibly Sourced

Privately held Northeast Natural Energy (NNE) plans to have natural gas production across its entire operating area in West Virginia environmentally certified by two companies. Certification would be based on separate standards developed by Equitable Origin (EO) and MiQ to validate it is producing what the industry has coined as “responsibly” sourced gas production. If…

May 14, 2021
Chesapeake Looking to Build Lower 48 Natural Gas Supply, Searching for New CEO

Chesapeake Looking to Build Lower 48 Natural Gas Supply, Searching for New CEO

Oklahoma City-based Chesapeake Energy Corp. expects to up the natural gas mix in its production portfolio to 85% in 2022 from 77%, executives said Wednesday in the first quarter earnings call. The recently restructured company expects its gas production to hit 715-735 Bcf this year. Capital expenditures are set at $670-740 million, executives said. At…

May 13, 2021
Antero Warns of Winter Propane Shortages Without Adequate Stock Builds

Antero Warns of Winter Propane Shortages Without Adequate Stock Builds

Executives at Appalachian pure-play Antero Resources Corp., the nation’s second largest natural gas liquids (NGL) producer, are warning that without an adequate build in propane inventories through the fall, the world would be undersupplied this winter.  “U.S. domestic propane buyers will need to outbid export markets this summer to build sufficient inventories for this upcoming…

May 7, 2021
Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

New measurements released last week by Kayrros quantifying emissions across the Appalachian Basin show the region is the biggest source of methane in the United States. Kayrros, which uses satellites and other methods to track emissions, said methane from Appalachia exceeds even the country’s most active oil and gas fields in the Permian Basin. But…

April 26, 2021
Pennsylvania Operator Acquiring Three Small Appalachian Natural Gas Producers

Pennsylvania Operator Acquiring Three Small Appalachian Natural Gas Producers

American Energy Partners Inc. said this week that it would acquire three oil and natural gas producers in western Pennsylvania and West Virginia in a deal valued at nearly $11 million.  The Allentown, PA-based company, traded over the counter, said it would acquire 100% of the stock and units of the three undisclosed companies. “This…

April 21, 2021
Northern Access Natural Gas Pipeline Project Inches Forward After Big Court Win

Northern Access Natural Gas Pipeline Project Inches Forward After Big Court Win

The long-delayed Northern Access expansion project, which would move more natural gas out of Appalachia, cleared a major legal obstacle Tuesday when a federal appeals court found New York state regulators waived their authority to issue a crucial water quality certification (WQC) for the pipeline. The U.S. Court of Appeals for the Second Circuit upheld…

March 26, 2021
FERC Upholds MVP Construction Authorization in 3-2 Vote

FERC Upholds MVP Construction Authorization in 3-2 Vote

A split FERC on Wednesday upheld a recent decision to allow Mountain Valley Pipeline LLC (MVP) to partially resume construction near national forest lands, denying a stay request filed by a coalition of environmental groups. Divided three to two along party lines, the Federal Energy Regulatory Commission rebuffed efforts to overturn a December order allowing…

March 25, 2021
Ascent Resources to Curb Utica Spending, Stay Disciplined in 2021

Ascent Resources to Curb Utica Spending, Stay Disciplined in 2021

Ascent Resources Utica Holdings LLC, Ohio’s largest oil and natural gas producer, plans to cut spending this year and hold production flat to 2020 levels as the industry continues to take a more conservative financial approach.  The Ohio pure-play has issued 2021 capital guidance at a range of $550-600 million and intends to maintain production…

March 15, 2021
Southwestern Drills First Ohio Utica Well after Montage Acquisition

Southwestern Drills First Ohio Utica Well after Montage Acquisition

Appalachian pure-play Southwestern Energy Co. plans to keep year/year production and spending flat in 2021 even as it assumes a larger asset base and entry into Ohio with its acquisition of Montage Resources Corp. The exploration and production company laid out its vision for the year last week, joining peers in announcing a plan aimed…

March 3, 2021
Appalachian Pure-Plays Cabot, Range Staying in Maintenance Mode This Year

Appalachian Pure-Plays Cabot, Range Staying in Maintenance Mode This Year

Appalachian heavyweights Cabot Oil & Gas Corp. and Range Resources Corp. both plan to keep spending and production flat this year despite an improving outlook for natural gas.  “While a warmer start to the winter heating season and higher storage levels resulted in wider than anticipated differentials across the Appalachian Basin during the fourth quarter,…

February 26, 2021