Appalachian

Due to increased natural gas production coming out of the Appalachian region, MarkWest Energy Partners LP. said it will invest about $60 million to expand nearly all of its gas processing plants that serve the area. The company is the largest gas processor in the northeastern United States and has operated in Appalachia since 1988.

Due to increased natural gas production coming out of the Appalachian region, MarkWest Energy Partners LP said it will invest about $60 million to expand nearly all of its gas processing plants that serve the area. The company is the largest gas processor in the northeastern United States and has operated in Appalachia since 1988.

Appalachian-focused CNX Gas Corp. plans to boost its exploration and production (E&P) budget this year 84% to $312 million to test the viability of some coalbed methane (CBM) plays. CNX expects its natural gas output to reach 64 Bcf in 2007, increasing by 15% in both 2008 and 2009.

Appalachian-focused CNX Gas Corp. significantly upped its outlay on capital spending this year, escalating its exploration and production (E&P) budget 84% to $312 million to test the viability of some coalbed methane (CBM) plays. CNX is forecasting that its natural gas output will reach 64 Bcf in 2007, increasing by 15% in both 2008 and 2009.

Talisman Energy Inc. subsidiary Fortuna Energy Inc. of Calgary began production from two prolific gas wells in New York’s Appalachian Basin, and the latest results from the upper Black River Formation are showing the same promise that’s been seen in recent years.

Based on prior-day screen strength and continuing limits on available supply from the Gulf Coast, most points in the Gulf Coast, Midcontinent/Midwest and Appalachian markets were in rebound mode Friday. But overall price movement was mixed, with several points in the above areas along with the Northeast and much of the West flat to down as much as a little over a half dollar.

Equitable Resources announced the closing of a $147 million sale of non-core gas properties to NCL Appalachian Partners, a partnership between Locin Oil Corp. and GE Commercial Finance Energy Financial Services. Equitable sold an estimated 66 Bcf of proved reserves, of which 59 Bcf were developed. Equitable expects that no gain or loss will be recorded and reiterated its 2005 supply sales estimate of 73 Bcf.

CONSOL Energy Inc., the second largest natural gas producer and reserve holder in the Appalachian Basin, has reported increases in both coalbed methane (CBM) production and reserve totals for 2004. The company increased its CBM reserves by 4% or 90 Bcf, to more than a Tcf during 2004, at the same time increasing production to 50 Bcf during the year, about 12% more than the 44 Bcf produced in 2003.

CONSOL Energy Inc., the second largest natural gas producer and reserve holder in the Appalachian Basin, has reported increases in both coalbed methane (CBM) production and reserve totals for 2004. The company increased its CBM reserves by 4% or 90 Bcf, to more than a Tcf during 2004, at the same time increasing production to 50 Bcf during the year, about 12% more than the 44 Bcf produced in 2003.