When Rex Energy Corp. announced in August that it acquired the rights to lease about 11,000 net acres in Carroll County, OH, for $40 million, the company said it was doing so to develop a prospect in the Utica Shale play and expand its acreage position there.
August
Articles from August
Hess, CONSOL to Partner in Utica Shale
On the heels of a mega Marcellus Shale partnership agreement in August, CONSOL Energy Inc. on Wednesday announced that Hess Corp. would become its partner on half of its nearly 200,000 acres in the prospective Utica Shale in eastern Ohio.
September 8, 2011
Screen, Storm Threat Spur Rally Unlikely to Last
Support from hot weather remained generally meager for the end of August, but the cash market relied on a prior-day rise of 7.9 cents by October futures and forecasts of a potential hurricane entering the Gulf of Mexico production area to rally by often-substantial amounts at all points Wednesday.
September 1, 2011
Traders Admit Seasonality; September Up by Double Digits
October natural gas rose Wednesday as traders noted a strong seasonal tendency for natural gas prices to rise in the August-November period and expected the government to release inventory figures Thursday showing increases in inventory about in line with seasonal norms. At the close October had risen 14.5 cents to $4.054 and November had added 14.9 cents to $4.173. October crude oil fell 9 cents to $88.81/bbl.
September 1, 2011
‘America’s Natural Gas Highway’ Touted
Natural gas as a transportation fuel has zoomed around the map of North America in August, capitalizing on a continuing price advantage at the pump even with recent falling gasoline prices.
August 25, 2011
Nearly All Points Dip Following Weekend Gains
Finding only relatively moderate cooling load for mid-August in many areas and weighed down slightly by the previous Friday’s near-nickel futures drop, nearly all of the cash market followed up Friday’s gains with softening Monday.
August 16, 2011
FERC Approves Equitrans’ Sunrise Pipeline Project
FERC last Thursday approved plans by Equitrans LP to expand its natural gas pipeline system in Pennsylvania and West Virginia.
July 28, 2011
Carrizo Busy Expanding Acreage, Drilling in Eagle Ford
Carrizo Oil & Gas Inc. has agreed to purchase more than 13,000 net acres in the Eagle Ford Shale in a deal valued at about $71.5 million, and it has temporarily moved one of its rigs from the Barnett Shale to the Eagle Ford in order to speed up production.
June 8, 2011
Ample Western Hydropower Cuts Gas Demand 33%, Study Says
Excess hydroelectric supplies in the West should cut natural gas demand by one-third through August, according to a market alert released Wednesday by energy consultant Bentek Energy LLC. Forward gas prices in the western United States and Canada are overvalued as a result of demand loss that Bentek calculates to be 295 Bcf.
April 15, 2011
El Paso Nears Decision on Eagle Ford Partnership
El Paso Corp. may make a decision “in the next few weeks” about whether to bring aboard a partner to help develop its holdings in the Eagle Ford Shale, CEO Doug Foshee said Monday.
March 29, 2011
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
