Appalachian Basin

Equinor’s Ohio Natural Gas Output Certified; Ascent Monitoring Methane

Equinor’s Ohio Natural Gas Output Certified; Ascent Monitoring Methane

Equinor ASA’s natural gas production in the Appalachian Basin of Ohio has been certified as responsibly developed by Equitable Origin (EO). About 135 MMcf/d is actively produced by Equinor US in Monroe County. The third-party review covered Equinor’s “entire U.S. onshore natural gas production, encompassing 51 producing wells on 13 well pads at the time…

October 3, 2022
Crestwood Pulling Out of Marcellus with Sale to Antero

Crestwood Pulling Out of Marcellus with Sale to Antero

Antero Midstream Corp. plans to acquire the Marcellus Shale natural gas gathering and compression assets owned by Crestwood Equity Partners LP (CEQP), the companies reported Monday. The $250 million bolt-on acquisition, which requires regulatory approval, would boost Appalachian Basin pure-play Antero’s gas compression capacity by 20% and gas compression mileage by 15%, said management. CEQP…

September 14, 2022
Haynesville Continuing to Lead Natural Gas Production Growth in Latest EIA Projections

Haynesville Continuing to Lead Natural Gas Production Growth in Latest EIA Projections

Spearheaded by the Haynesville Shale, natural gas production from seven key U.S. onshore regions will approach 95 Bcf/d in October, according to the latest modeling from the Energy Information Administration (EIA). Combined output from the Haynesville — along with the Anadarko, Appalachian and Permian basins, as well as the Bakken, Eagle Ford and Niobrara formations…

September 12, 2022
Manchin’s Goal to Get MVP Natural Gas Conduit Completed Facing Opposition

Manchin’s Goal to Get MVP Natural Gas Conduit Completed Facing Opposition

An overhaul of natural gas pipeline permitting by Sen. Joe Manchin (D-WV) is set to be included in a congressional spending package this week, but some House Democrats are balking at the measure to clear the path for Mountain Valley Pipeline (MVP). Stopgap spending legislation, known as a continuing resolution (CR), is likely to be…

September 12, 2022
Sitio, Brigham in $4.8B Merger to Create Largest Publicly Traded Mineral, Royalty Company

Sitio, Brigham in $4.8B Merger to Create Largest Publicly Traded Mineral, Royalty Company

Sitio Royalties Corp. and Brigham Minerals Inc. said Tuesday they have agreed to merge in a roughly $4.8 billion, all-stock transaction. The combined firm would be the largest publicly traded mineral and royalty company in the United States, according to Sitio and Brigham. The plan is to focus on industry consolidation across diverse operators and…

September 6, 2022
Proposed Pennsylvania LNG Export Terminal in Talks to Commercialize Project

Proposed Pennsylvania LNG Export Terminal in Talks to Commercialize Project

An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024. The 7.2 million metric tons/year (mmty) facility would be located at a yet-to-be-determined site along…

August 31, 2022
Pennsylvania Natural Gas Production Dips for Second Consecutive Quarter

Pennsylvania Natural Gas Production Dips for Second Consecutive Quarter

Unconventional natural gas production in Pennsylvania declined again in the second quarter, according to the state’s Independent Fiscal Office (IFO). The 0.9% year/year decrease to 1.836 Tcf marks the first time that production recorded a yearly decline in consecutive quarters since quarterly production data became available in 2015, IFO said. Production fell 0.6% in the…

August 23, 2022
Southwestern Energy Boosts Spending to Fight Inflation, Prepare for 2023

Southwestern Energy Boosts Spending to Fight Inflation, Prepare for 2023

Southwestern Energy Co. said Friday it would increase both production and spending this year in response to inflation. The company also plans for a 2023 maintenance program, and free cash flow would be strengthened by the move.  COO Clay Carrell said a second company-operated fracture fleet would be added in Appalachia by the end of…

August 8, 2022
Democrats’ Climate Deal May Revive MVP Natural Gas Project, Equitrans CEO Says

Democrats’ Climate Deal May Revive MVP Natural Gas Project, Equitrans CEO Says

A legislative compromise to help ease the federal permitting process for energy infrastructure projects would provide the certainty Equitrans Midstream Corp. needs to finally complete the Mountain Valley Pipeline, CEO Thomas Karam said Tuesday.  “The need for this proposed bill should be crystal clear,” Karam said, noting that MVP has been the “collateral damage” of…

August 2, 2022
CNX Increases Spending to Stay Ahead of Inflation

CNX Increases Spending to Stay Ahead of Inflation

CNX Resources Corp. will increase this year’s capital expenditures (capex) as it battles through inflationary pressures and works to keep its operations stable heading into next year. The Appalachian pure-play is now guiding for a 2022 capex range of $550-590 million, up $70 million at the midpoint from its previous forecast.  “We are planning to…

August 1, 2022
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