EQT Corp., which on Thursday reported a larger year/year loss for the third quarter, said that it expects a pair of 2021 deals to lower its firm gas transportation costs by about 5 cents/Mcfe going forward. In one deal, EQT reached an agreement to sell down up to 525 million Dth/d firm transportation capacity on…
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TGP, Southwestern Aiming to Deliver Certified Appalachian Natural Gas to Northeast Markets
Tennessee Gas Pipeline (TGP) and Southwestern Energy Co. have clinched an agreement to move certified natural gas supply to the Northeast beginning in November. Kinder Morgan Inc. subsidiary TGP, through its existing system, would transport Southwestern’s Appalachia supply that is certified as responsibly sourced gas (RSG). Certified gas is produced and transported by companies whose…
Seneca Looking to Certify Appalachian Natural Gas as Responsibly Sourced
Seneca Resources Co. LLC plans to certify as responsibly sourced gas (RSG) about 300 MMcf/d of its Appalachia Basin production. The National Fuels Gas Co. subsidiary clinched an agreement with Project Canary to independently certify nearly one-third of its natural gas production. Seneca said it also plans to install continuous monitoring devices at three well…
EQT Reshaping Strategy for Era of ‘Sustainable Shale’
EQT Corp. CEO Toby Rice said Thursday the largest natural gas producer in the United States is positioning itself for a “new era of sustainable shale,” further shaping its strategy to evolve into a lower carbon future. “As the largest producer of natural gas in the U.S., we’re able to forge new paths and open…
Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets
The challenge of transporting natural gas to energy-hungry consumers in the Northeast is continuing to create opportunities and spur demand for small-scale applications and virtual pipeline services throughout the region. Despite the sharp uptick in gas production from the prolific Appalachian Basin over the last decade, pipeline constraints remain an issue in the Northeast, particularly…
Southwestern Energy Reaches First Appalachian-Wide Deal to Certify Natural Gas Production
Southwestern Energy Co. this week said it would become the nation’s first exploration and production (E&P) company to certify that its natural gas is responsibly produced from all of its wells across an entire basin. The company reached an agreement for Project Canary to continuously monitor emissions and certify responsibly sourced gas (RSG) from all…
EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets
EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania. The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would…
EQT Looking to Lead in Certifying U.S. Natural Gas Supply
EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its Appalachian Basin supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene and…
U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch
With activity ramping up on land and offshore, the U.S. rig count surged 13 units higher to 430 during the holiday-shortened week ended Thursday (April 1), according to data published by Baker Hughes Co. (BKR). As has often been the case recently, the increase in domestic drilling for the week was driven by the oil…
Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest
A federal judge has halted oil and gas development in Ohio’s Wayne National Forest (WNF) after a ruling last year found the Bureau of Land Management (BLM) and the U.S. Forest Service (USFS) failed to adequately consider the impact of unconventional development when they opened the land for drilling. The U.S. District Court for the…