Appalachian Basin

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
U.S. Natural Gas Shackled by ‘Short-Sighted’ Energy Policy, Says Range Resources CEO

U.S. Natural Gas Shackled by ‘Short-Sighted’ Energy Policy, Says Range Resources CEO

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…

July 26, 2022
FERC Approval of Nexus Natural Gas Pipeline Exports to Canada Upheld

FERC Approval of Nexus Natural Gas Pipeline Exports to Canada Upheld

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…

July 11, 2022
MVP Seeking Another Extension from FERC as Construction Deadline Approaches

MVP Seeking Another Extension from FERC as Construction Deadline Approaches

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.”…

June 27, 2022
Lower 48 Output on the Upswing as Natural Gas to Grow in June, EIA Projects

Lower 48 Output on the Upswing as Natural Gas to Grow in June, EIA Projects

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…

May 19, 2022
Natural Gas Production Growth to Continue in May, Driven by Haynesville, Appalachia, Permian

Natural Gas Production Growth to Continue in May, Driven by Haynesville, Appalachia, Permian

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…

May 16, 2022
U.S. Midstreamers Using Expansions as ‘Quick Market Solutions’ for Rising Production

U.S. Midstreamers Using Expansions as ‘Quick Market Solutions’ for Rising Production

U.S. midstream operators are focusing on incremental additions to their natural gas infrastructure in the Haynesville Shale, Permian and Appalachia basins as quicker and lower-risk solutions to rising production growth. DCP Midstream LP is in “advanced discussions” with its partners on the Gulf Coast Express Pipeline (GCX) to bring “quick and efficient” capacity to the…

May 12, 2022
Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

The world’s growing appetite for U.S. liquefied natural gas (LNG) continued to take center stage during earnings calls at two more of the nation’s top exploration and production companies, with management at both acknowledging the opportunities and challenges that come with meeting rising demand. Southwestern Energy Co. said Friday it’s already sending a third of…

May 2, 2022