Appalachian producers

Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations 

Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations 

Three of the Appalachian Basin’s leading upstream and midstream operators on Wednesday announced a new coalition aimed at better monitoring and reducing methane emissions throughout the Marcellus and Utica shales.  Chesapeake Energy Corp., EQT Corp. and Equitrans Midstream Corp. launched the Appalachian Methane Initiative (AMI). The coalition said it would work to identify and fix…

January 11, 2023
Ohio Legislature Opens Door for E&P on State Lands, Stamps ‘Green Energy’ Label on Natural Gas

Ohio Legislature Opens Door for E&P on State Lands, Stamps ‘Green Energy’ Label on Natural Gas

A bill qualifying natural gas as green energy and allowing state agencies to lease land to develop oil and gas has passed the Ohio legislature and was awaiting a signature from Republican Gov. Mike DeWine.  Under current Ohio law, state agencies are not automatically required to lease land for oil and gas exploration and production…

December 14, 2022
Third-Party Issues Seen Challenging EQT Operations Into 2023

Third-Party Issues Seen Challenging EQT Operations Into 2023

Supply chain issues, midstream constraints and adverse weather combined to curb EQT Corp.’s third quarter natural gas output and are likely to impact the company’s operations through the middle of next year, management said last week. “These third-party constraints, along with water restrictions due to drought conditions in parts of the [Appalachian] basin, negatively impacted…

November 2, 2022
Range Resources CEO Says Marcellus, Utica Shales Vital to Stabilize Natural Gas Markets

Range Resources CEO Says Marcellus, Utica Shales Vital to Stabilize Natural Gas Markets

Range Resources Corp. is “in the best position in the company’s history” amid a tightly supplied global natural gas market, CEO Jeff Ventura said Tuesday. Fort Worth, TX-based Range is among the country’s largest natural gas producers, with nearly one million net acres in Pennsylvania targeting the Marcellus, Utica and Upper Devonian shale formations. “As…

October 26, 2022
EQT Reports $1.6B Loss in 3Q on Natural Gas Derivatives

EQT Reports $1.6B Loss in 3Q on Natural Gas Derivatives

EQT Corp. said in a regulatory filing late Tuesday it expects to report steep losses on derivatives for the third quarter as U.S. natural gas prices have hit their highest levels in more than a decade.  In a Form 8-K filed with the U.S. Securities and Exchange Commission, EQT forecast a $1.6 billion loss on…

October 12, 2022
Pennsylvania Natural Gas Production Continues Growing at Pre-Pandemic Levels

Pennsylvania Natural Gas Production Continues Growing at Pre-Pandemic Levels

Pennsylvania’s unconventional natural gas production grew at pre-pandemic rates through the first nine months of the year as prices and demand rebounded, according to the state’s Independent Fiscal Office (IFO).  The IFO said unconventional production came in at 1.884 Tcf in 3Q2021, or 6.8% higher than the year-ago period, resembling the strong rates of the…

November 30, 2021