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Energy & Exploration Partners Inc. (E&E) on Monday acquired 57,275 net acres and 11 producing wells in the East Texas Eaglebine formation from a subsidiary of Chesapeake Energy Corp.

Piedmont Natural Gas is investing $180 million in Marcellus Shale-focused Constitution Pipeline Co. LLC to join Williams Partners LP and Cabot Oil and Gas Corp. as an equity holder in the project.

Permits and production are soaring in the Niobrara Shale where Chesapeake Energy is indicating it has unlocked some important finds as it eyes the play as a significant contributor to its strategy for expanding its production of natural gas liquids (NGL).

In a move anticipated by oil and natural gas producers, the Susquehanna River Basin Commission (SRBC) said Monday it was suspending 64 water withdrawal permits due to ongoing drought conditions in the basin, the highest number of suspensions since it began issuing permits in 2008.

Midstream operations in the Marcellus Shale are significantly expanding for Penn Virginia Resource Partners LP (PVR), after the partnership inked agreements with four of the biggest natural gas producers to extend its Lycoming County, PA, pipeline system to provide access to multiple markets.

Data gathered from 30 large domestic natural gas producers indicate that the U.S. inventory of gas reserves has grown to about 300 Tcf, according to a new report from the American Gas Association (AGA). That estimate, based in large part on new discoveries in shale plays, shatters the previous domestic reserves record of 293 Tcf, which was recorded in 1967.

Individual operators reported record-breaking production from the Marcellus Shale in 2011, producing more than 1 Tcf from the Pennsylvania portion of the play, according to new Pennsylvania Department of Environmental Protection (DEP) data.

Proving the common saying that region trumps party in Pennsylvania politics, a pair of Republican state representatives are proposing a severance tax on natural gas production in the Marcellus Shale.

It is becoming impossible to ignore the Bakken Shale in North Dakota as an oil play that may be at the center of a domestic upswing in U.S. production, according to a report released Wednesday by the Washington, DC-based Energy Policy Research Foundation Inc. (EPRINC).