West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…
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Williams Reports Record Appalachian Natural Gas Volumes Amid Stronger Pricing
Midstream giant Williams reported record natural gas gathering and processing (G&P) volumes in the Appalachian region during the third quarter, driven by higher prices in the region. Gross gathering volumes for the Northeast G&P segment rose 8% year/year (y/y) to 9.4 Bcf/d, while gross processing plant inlet volumes swelled by 17% to 1.4 Bcf/d, management…
Range Remaining Disciplined Despite Improving Natural Gas Outlook
Range Resources Corp. has ended production curtailments imposed in September and October in response to weak Appalachian natural gas prices, but even with an improved outlook, there are no plans to increase activity. Range cut 210 MMcf/d of natural gas production during the second half of September and most of October as Appalachian storage levels…
EQT Restarts Appalachia Natural Gas Volumes, but Warns More Shut-ins Possible
EQT Corp., the largest natural gas producer in the Lower 48, said Thursday it has ended another round of curtailments, but management said it won’t hesitate to continue shutting in volumes as low prices warrant. The Appalachian pure-play had curtailed about 400 MMcf/d beginning Sept. 1, cutting 15 Bcf from third quarter production volumes. The…
Cabot Looking for Higher Winter Prices as More Appalachia Natural Gas Volumes Shut-in
Cabot Oil & Gas Corp. has again curtailed natural production volumes that averaged 372 MMcf/d through the last two weeks of September as it continues to weather weak Appalachian prices. Shut-in volumes have grown to average 450 MMcfe/d since Oct. 1 in anticipation of better prices soon. Cabot has lowered full-year production guidance to 2.300-2.350…
Stream-Crossing Permits Bring New Court Challenges as MVP Awaits Construction Restart
In keeping with an extensive history of persistent legal opposition to Mountain Valley Pipeline LLC (MVP), environmental groups have asked a federal appeals court to stay recently updated waterbody-crossing permits for the 303-mile, 2 million Dth/d natural gas conduit. In petitions filed Monday with the U.S. Court of Appeals for the Fourth Circuit, a coalition…
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19
Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…
Mountaineer NGL Storage Pulls Key Ohio Permits, But Project Still Moving Ahead
An underground natural gas liquids (NGL) storage project in Ohio — seen as key to the Appalachian Basin’s petrochemical buildout — has hit another snag as its backers have withdrawn their permits in the face of a lawsuit from environmental groups. The Ohio Department of Natural Resources (ODNR) last week cancelled three permits to drill…
Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market
Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…
Gulfport Keeping Utica Natural Gas Curtailed to Await Better Prices
Gulfport Energy Corp. is still curtailing Appalachian natural gas production in anticipation of better prices later this year and into 2021. Given an uncertain economic outlook, weak energy demand and a slight rebound in associated gas volumes, Gulfport remains “cautious near-term on natural gas pricing,” said CEO David Wood during a call to discuss second…