Appalachian

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Plans for an underground natural gas liquids (NGL) storage facility in Ohio seen as key to the region’s petrochemical build-out have moved another step closer to reality as the backer of a multi-billion dollar ethane cracker has signed a preliminary agreement to further its development.   Energy Storage Ventures LLC (ESV) and an affiliate of Thailand’s…

July 27, 2020
Montage Strikes Deal to Sell Utica Gathering Infrastructure

Montage Strikes Deal to Sell Utica Gathering Infrastructure

Appalachian pure-play Montage Resources Corp. has agreed to sell noncore natural gas gathering assets in Ohio’s Utica Shale to an undisclosed company for $25 million.  Montage said an international company agreed to purchase the infrastructure, which is in a condensate development area. The transaction is expected to close in 4Q2020. Proceeds would be used to…

July 27, 2020
North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

The number of oil and natural gas wells likely to be drilled around the world this year is forecast to hit its lowest level since at least the early 2000s, with North America the most impacted from slumping demand in the age of Covid-19. An analysis by Rystad Energy issued on Tuesday pegged the number…

July 14, 2020
Big Win for ACP as U.S. Supreme Court Reverses Decision in Appalachian Trail Crossing Case

Big Win for ACP as U.S. Supreme Court Reverses Decision in Appalachian Trail Crossing Case

In a major victory for the embattled Atlantic Coast Pipeline (ACP), the U.S. Supreme Court on Monday reversed a lower court ruling that had jeopardized the 604-mile, 1.5 Bcf/d project’s proposed crossing beneath the Appalachian National Scenic Trail.

June 15, 2020
Natural Gas Prices Jump on EQT 1.4 Bcf/d Curtailment

Natural Gas Prices Jump on EQT 1.4 Bcf/d Curtailment

Equitrans Midstream Corp. said in a regulatory filing on Monday its largest customer, EQT Corp., is temporarily curtailing 1.4 Bcf/d of production in Ohio and Pennsylvania.

May 19, 2020
Appalachia’s EQT, Montage Each Cutting Expenses, Revising Midstream Agreements

Appalachia’s EQT, Montage Each Cutting Expenses, Revising Midstream Agreements

EQT Corp. on Monday announced another cut in 2020 capital expenditures (capex) and said it is releasing 15% of current firm transportation (FT) obligations as the Appalachian pure-play continues to optimize its cost structure.

March 17, 2020
Constitution Pipeline Finally Scrapped as NatGas Prices Tank and Opposition Pushes Up Costs

Constitution Pipeline Finally Scrapped as NatGas Prices Tank and Opposition Pushes Up Costs

The Constitution Pipeline project has been canceled, capping an eight year battle that ends at a time when gas prices have hit historic lows and there’s little need for more natural gas in the Northeast from a greenfield system.

February 24, 2020

Fourth Circuit Strikes Again, Vacating Virginia Permit for ACP Compressor Station

A federal court has vacated yet another regulatory approval for the Atlantic Coast Pipeline (ACP) project, this time invalidating an air permit for a compressor station in Virginia.

January 8, 2020

Appalachia-Focused Range to Cut 2020 Capex by Nearly 30%

Leading Appalachian operator Range Resources Corp. plans to cut capital spending by nearly 30% this year in another sign of retrenchment in the Northeast, where natural gas producers continue to take a beating on low prices.

January 7, 2020

Equitrans to Slash 2020 Midstream Spending as Appalachian Activity Slows

Equitrans Midstream Corp., the nation’s third largest natural gas gatherer, plans to cut spending next year as activity slows down in the Appalachian Basin, where all of its operations are focused.

December 20, 2019