Appalachian

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…

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…

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…

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.

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.

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.

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.

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.

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.