Marcellus

WhiteHawk Energy LLC said it acquired additional Marcellus Shale natural gas mineral and royalty assets from an undisclosed seller for $54 million. The acquisition increases the Philadelphia-based company’s mineral and royalty ownership in its existing 475,000 gross acre position in the Marcellus by 100%. The assets are mostly in Washington and Greene counties of Pennsylvania.…

WhiteHawk Energy LLC has acquired $100 million in institutional investor funding to be used in buying mineral and royalty assets in shale plays in the United States. An initial $20 million would fund closing of a purchase of Haynesville Shale mineral and royalty assets covering 375,000 gross unit acres. The Haynesville assets are being bought…

Range Resources Corp.’s outgoing CEO Jeff Ventura was upbeat about the long-term prospects of the company and the Marcellus Shale in his final quarterly earnings call with the firm on Tuesday (April 25). Ventura and his management team highlighted Range’s liquids-rich, low-cost Appalachian Basin pure-play portfolio, as well as the importance of natural gas to…

The decline in U.S. natural gas prices, combined with elevated costs to drill a well, are forecast to slow down drilling and completions (D&C) activity in the gassy basins of the Lower 48. Rystad Energy Vice President Serik Omarov in a note said the gas price decline has created uncertainty for exploration and production (E&P)…

Oil and natural gas permitting in the Lower 48 slowed down sequentially in October, although the monthly permit count was up on both a year/year basis and when compared to pre-Covid October 2019 numbers, Evercore ISI data show. Operators filed a total of 3,308 permits last month, down 16% from September but up 25% versus…

Equitrans Midstream Corp. said late Thursday it has flooded a natural gas storage well that had leaked for more than 10 days, releasing over 1 Bcf into the atmosphere, according to preliminary estimates.  Spokesperson Natalie Cox told NGI the leak was discovered on Nov. 6. The company worked through a series of setbacks with Texas-based…

EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

A sizable boost in quarterly output from the exploration arm, as well as stronger midstream volumes, have helped fuel Appalachian Basin-focused National Fuel Gas Co. (NFG) as it shifts focus to undeveloped acreage in the Marcellus and Utica shales. Management told investors during a third quarter conference call the firm’s performance reflected its approach to…

Pittsburgh International Airport, known to fliers by the three-digit code PIT, is stepping up its natural gas development partnership with Appalachian Basin-focused independent CNX Resources Corp. PIT and CNX last month launched another phase of their public-private partnership, which includes a revenue-sharing deal for CNX-operated Marcellus Shale wells on airport property and a 20-MW natural…