A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.
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Chesapeake Energy Corp.’s Eagle Ford Shale leasehold, now is the top producer within the company, delivering year/year growth in 4Q2012 of 266% and sequential growth of 20%, the independent reported Thursday. Net production in the South Texas play averaged 62,500 boe/d, with 66% of it oil, while 19% was natural gas and 15% liquids.
Statoil ASA, which has natural gas and oil operations in the Gulf of Mexico and across North America, last Thursday began delivering its U.S. natural gas produced in the Marcellus Shale to Canada to secure better prices.
Statoil ASA, which has natural gas and oil operations in the Gulf of Mexico and across North America, on Thursday plans to begin delivering its U.S. natural gas produced in the Marcellus Shale to Canada to secure better prices.
FERC has to conduct a “vigorous and exhaustive” needs analysis for the proposed Constitution Pipeline before it allows the Marcellus-to-New York natural gas project to go forth, said an environmental law practice representing the grassroots coalition “Stop the Pipeline (STP).”
National Fuel Gas Midstream Corp. (NFG Midstream), a unit of National Fuel Gas Co., said its Trout Run Gathering System in Lycoming County, PA, was recently placed in service and is delivering gas to an interconnect with Transcontinental Gas Pipe Line Co. LLC (Transco). Initial production is from four recently completed wells operated by Seneca Resources Corp., a subsidiary of National Fuel.
A judge in Pennsylvania has denied a request by several Dimock Township families to force Cabot Oil & Gas Corp. to continue delivering potable water to their homes.