Marcellus Shale

Coterra Ready to ‘Accelerate or Decelerate’ Oil, Natural Gas Development Heading into 2023

Coterra Ready to ‘Accelerate or Decelerate’ Oil, Natural Gas Development Heading into 2023

Flexibility is key to all that Coterra Energy Inc. is planning for the Lower 48 in 2023, as inflationary headwinds drive up the price for things across the board, executives said. Coterra, formed last year with the merger of Cabot Oil & Gas Corp. and Cimarex Energy Co., focuses on producing natural gas and oil…

November 9, 2022
Range Resources CEO Says Marcellus, Utica Shales Vital to Stabilize Natural Gas Markets

Range Resources CEO Says Marcellus, Utica Shales Vital to Stabilize Natural Gas Markets

Range Resources Corp. is “in the best position in the company’s history” amid a tightly supplied global natural gas market, CEO Jeff Ventura said Tuesday. Fort Worth, TX-based Range is among the country’s largest natural gas producers, with nearly one million net acres in Pennsylvania targeting the Marcellus, Utica and Upper Devonian shale formations. “As…

October 26, 2022
U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

Production of ethane, a natural gas liquid (NGL), should grow by about 9% in the United States during the second half of 2022 compared to first-half levels, according to an Energy Information Administration (EIA) forecast. “Ethane is consumed almost exclusively as a feedstock in petrochemical plants known as steam crackers to produce ethylene, a precursor…

August 31, 2022
Northern Oil Pushed Permian Position to Record Production Despite Williston Hiccups

Northern Oil Pushed Permian Position to Record Production Despite Williston Hiccups

Northern Oil and Gas Inc. posted record production and earnings during the second quarter, led by Permian Basin activities, as it pursues acquisitions in the Williston Basin and elsewhere. CEO Nicholas O’Grady told investors during a second quarter conference call the firm saw an across-the-board production increase during the quarter, attributed to mostly organic growth,…

August 15, 2022
West Virginia Researchers Eye Hydrogen-Friendly Natural Gas Turbines

West Virginia Researchers Eye Hydrogen-Friendly Natural Gas Turbines

Researchers at West Virginia University (WVU) are developing technology to keep natural gas turbines at large-scale power plants intact when using hydrogen to generate electricity. “In West Virginia, we have access to natural gas,” said WVU’s Xingbo Liu, mechanical and aerospace engineering professor. “We are sitting in one of three major gas fields, the Marcellus…

July 20, 2022
Natural Gas Futures Steady in Rare Quiet Session Ahead of Expiration; Cash Rising

Natural Gas Futures Steady in Rare Quiet Session Ahead of Expiration; Cash Rising

Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. Spot gas prices gathered…

December 28, 2021
GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

The U.S. natural gas rig count slid one unit to 101 for the week ended Friday (Sept. 10), while a partial post-Ida recovery in the Gulf of Mexico (GOM) helped lift the overall domestic drilling tally six units to 503, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Offsetting the one-rig…

September 10, 2021
U.S. Rig Count Climbs on Partial GOM Recovery

U.S. Rig Count Climbs on Partial GOM Recovery

A week after the Gulf of Mexico (GOM) saw its rig count flatline, a partial recovery in offshore activity helped lift the overall U.S. drilling tally six units higher to 503 as of Friday, according to the latest data from Baker Hughes Co. (BKR). Seven oil-directed rigs were added in the United States for the…

September 10, 2021
Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down

Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down

Pennsylvania unconventional natural gas production surpassed 7 Tcf last year, up 3.9% from 2019, the lowest growth rate on record for a full year of production, according to the state’s Independent Fiscal Office (IFO). Fourth quarter production increased 2.9% year/year to 1.8 Tcf, flat with the annual growth level in the third quarter. Quarterly production…

March 4, 2021
Delaware River Basin’s Permanent Fracking Ban Decried as ‘Purely Political’ by Energy Industry

Delaware River Basin’s Permanent Fracking Ban Decried as ‘Purely Political’ by Energy Industry

The Delaware River Basin Commission (DRBC) on Thursday voted to make permanent its longstanding de facto prohibition on hydraulic fracturing (fracking), drawing cheers from environmentalists and a sharp rebuke from oil and gas industry advocates in the region. The DRBC, the hybrid interstate and federal regulatory body established in 1961 to oversee the waters of…

February 25, 2021