Cabot

FBR: Market Can Handle Marcellus Growth

The growth of the Marcellus Shale likely won’t be constrained by market demand, despite a projected seven-fold increase in production from the play over the next 15 years, according to FBR Capital Markets.

September 27, 2011

Penn Virginia Selling Oklahoma Assets

Following the trend toward liquids-rich basins, Penn Virginia Corp. recently announced plans to sell much of its Mid-continent assets to an undisclosed buyer for $30.5 million.

August 3, 2011

People

Thomas S. Liberatore has joined Eclipse Resources as a partner, executive vice president and COO, the State College, PA-based oil and gas company said. Liberatore, who resigned as vice president of Cabot Oil & Gas Corp.’s East region following a restructuring there two years ago (see Daily GPI, June 1, 2009), is a member of the American Association of Petroleum Geologists and the Appalachian Geological Society, has served on the board of directors of the West Virginia Oil and Natural Gas Association and is a past president of the Independent Oil & Gas Association of West Virginia. Additionally, Brian Panetta, who was previously a geologist with Waco Oil & Gas and a senior geologist for Chesapeake Energy Corp., has joined Eclipse as vice president of geology. Eclipse focuses on the acquisition, exploration and development of unconventional oil and natural gas properties in the Appalachian Basin, including the Marcellus Shale, Utica Shale and Upper Devonian shales.

June 3, 2011

People

Thomas S. Liberatore has joined Eclipse Resources as a partner, executive vice president and COO, the State College, PA-based oil and gas company said. Liberatore, who resigned as vice president of Cabot Oil & Gas Corp.’s East region following a restructuring there two years ago (see Daily GPI, June 1, 2009), is a member of the American Association of Petroleum Geologists and the Appalachian Geological Society, has served on the board of directors of the West Virginia Oil and Natural Gas Association and is a past president of the Independent Oil & Gas Association of West Virginia. Additionally, Brian Panetta, who was previously a geologist with Waco Oil & Gas and a senior geologist for Chesapeake Energy Corp., has joined Eclipse as vice president of geology. Eclipse focuses on the acquisition, exploration and development of unconventional oil and natural gas properties in the Appalachian Basin, including the Marcellus Shale, Utica Shale and Upper Devonian shales.

June 3, 2011

Industry Briefs

Tennessee Gas Pipeline Co. (TGP) has executed binding, 15-year term agreements with Cabot Oil & Gas Corp., Anadarko Energy Services Co. and Seneca Resources Corp. to carry up to 250,000 Dth/d of incremental firm transportation capacity from the Marcellus Shale region to existing markets in New England and Niagara Falls, NY, via a revamped Northeast Supply Diversification Project (NSD Project). The NSD Project combines TGP’s original NSD Project, which provided transportation to New England; and the Marcellus to Leidy and Niagara Project (MLN Project), which provided transportation service to Niagara Falls. A certificate application with the Federal Energy Regulatory Commission is to be filed later this year, and pending approval, construction could begin in the first half of 2012, with a Nov. 1, 2012 in-service date.

August 2, 2010

Tennessee to Transport More Marcellus Gas

Tennessee Gas Pipeline Co. (TGP) on Wednesday executed binding, 15-year term agreements with Cabot Oil & Gas Corp., Anadarko Energy Services Co. and Seneca Resources Corp. to carry up to 250,000 Dth/d of incremental firm transportation capacity from the Marcellus Shale region to existing markets in New England and Niagara Falls, NY, via a revamped Northeast Supply Diversification Project (NSD Project).

July 29, 2010
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