Appalachia

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).

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).

EQT Corp. said in a regulatory filing on Monday it may incur a steep one-time impairment of up to $1.8 billion for the fourth quarter due to a new development plan and low natural gas prices.

Appalachian pure-play Arsenal Resources Development LLC has completed bankruptcy proceedings, with a prepackaged reorganization plan expected to take effect in the first week of January.

Stung by the continued slump in natural gas prices, Chevron Corp. plans to cut back spending in Appalachia and a long-delayed gas export project proposed for the west coast of Canada, the supermajor said.

A junior independent working in Appalachia, backed by private equity, has rebranded to reflect the next era of shale development in the basin, one in which management believes the company can prosper despite an array of challenges facing the industry.

Southwestern Energy Co. is taking a cautious approach as the year winds down, indicating Friday that it’s likely to spend less in 2020 as natural gas prices continue to flag.

Enterprise Products Partners LP is moving forward with an expansion of its Appalachia-to-Texas (ATEX) ethane pipeline after a successful open season landed the customer commitments needed to greenlight the project.