Company

West Virginia Gov. Earl Ray Tomblin announced this week that startup US Methanol Corp. intends to move a methanol production facility to Kanawha County in the southwestern part of the state.

Appalachian pure-play Antero Resources Corp. focused heavily on natural gas liquids (NGL) production during the second quarter as part of its strategy to position itself for a rebound in prices.

During the second quarter Denver-based SM Energy Co. saw its production grow by 7% over the previous quarter, thanks to improvements in both the Permian Basin and the Eagle Ford Shale, while costs came down.

Cabot Oil & Gas Corp. said Friday that an improving outlook for natural gas prompted it to add a second completion crew that will finish another 15-20 wells this year in Northeast Pennsylvania’s Marcellus Shale.

A bankruptcy court judge in Manhattan has approved a second amended plan for Sabine Oil & Gas Corp., which calls for the company to emerge from Chapter 11 later this year.

Stone Energy Corp. expects to report second quarter production near the high end of its guidance for the period, estimating that it produced 174 MMcfe/d for what would be a better-than-expected finish on incremental production from the Appalachian Basin that came back online in June.

During the downturn, Southwestern Energy Co. has been “drilling wells on paper,” revisiting past efforts and analyzing results for opportunities to improve. Now that prices have improved, somewhat, Southwestern is sending rigs back to the patch.

The energy industry has lost tens of thousands of jobs since oil prices collapsed in 2014, and while the workforce reductions may have slowed, several companies have reported more layoffs in cost-cutting efforts during recent days.

The energy industry has lost tens of thousands of jobs since oil prices collapsed in 2014, and while the workforce reductions may have slowed, several companies have reported more layoffs in cost-cutting efforts during recent days.