Company

EQT Corp. said Thursday that work to learn more about the deep Utica Shale in Pennsylvania and West Virginia continues, with the aim of establishing a development program in 2018 that could overshadow its core Marcellus Shale assets.

A judge in Northwest Ohio has ruled that Kinder Morgan Inc.’s (KMI) 215-mile Utica to Ontario Pipeline Access (Utopia) project is not a common carrier system that would benefit the public, denying the company the ability to use eminent domain for easements along the route.

Chicago-based Invenergy LLC has filed a lawsuit against a Southwest Pennsylvania township for its decision to reject a zoning variance that would allow the company’s proposed 550 MW natural gas-fired power plant to be built.

Despite returning a rig to work in the Fayetteville Shale over the summer, Southwestern Energy Co. plans to keep the focus on the Appalachian Basin heading into the end of the year and early next.

Denver-based Extraction Oil & Gas LLC said Thursday it expects to raise as much as $600 million in a public offering, which would value the Rocky Mountain-focused producer at about $2.6 billion.

American Electric Power Co. (AEP) is selling four power plants in Indiana and Ohio, with a combined 5,200 MW of generating capacity, for $2.17 billion to a joint venture (JV) of private equity firms Blackstone Group LP and ArcLight Capital Partners LLC.

Two years after it withdrew a $400 million offering, Marcellus and Barnett shale-focused Vantage Energy Inc. has refiled with the U.S. Securities and Exchange Commission to take the company public, snapping a dry spell for exploration and production (E&P) companies looking to raise big money in market debuts.

In “one fell swoop,” Enbridge Inc. has rebalanced its business between liquids and natural gas infrastructure with the planned acquisition of Spectra Energy Corp., Enbridge CEO Al Monaco said during a conference call Tuesday.

Oilfield services (OFS) company Key Energy Services Inc. has reached an agreement with creditors on a restructuring plan, becoming the latest energy company to succumb to financial pressure from the oil and gas industry downturn.