Appalachian Basin

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…

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…

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…

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…

The top executive of Range Resources Corp., one of the largest natural gas producers in the United States, said again on Tuesday that not enough is being done by the country to ease the global energy crisis.  “Energy policy will need to be rooted in market realities,” said CEO Jeff Ventura. “If infrastructure projects, mainly…

A federal appeals court has upheld FERC’s approval of the Appalachia-to-Midwest Nexus Gas Transmission pipeline, siding with the Commission’s assessment of the public benefits of exported gas as part of its certificate decision. Responding to a challenge filed by the City of Oberlin, OH, the U.S. Court of Appeals for the District of Columbia Circuit…

Mountain Valley Pipeline LLC is seeking an extension from FERC that would give the operator until October 2026 to finish construction on the delayed Appalachia-to-Southeast natural gas conduit. In a letter filed last Friday, MVP asked the Federal Energy Regulatory Commission for more time to finish construction in light of “ongoing legal and permitting challenges.”…

The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…

The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…