Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…
Marcellus
Articles from Marcellus
Permian Activity Declines as U.S. Rig Count Down Two
Driven by declines in the Permian Basin, the U.S. rig count fell two units overall to drop to 263 for the short holiday week ending Thursday (July 2), according to the latest numbers from Baker Hughes Co. (BKR). Changes for the week included a three-rig decline in oil-directed drilling, partially offset by the addition of…
Supreme Court Seeking More Input on PennEast Battle with New Jersey
The U.S. Supreme Court on Monday asked the Solicitor General to weigh in on PennEast Pipeline Co. LLC’s battle to condemn state-owned land in New Jersey, an order that could potentially delay the high court’s decision to take the case. PennEast petitioned the court earlier this year to review the U.S. Court of Appeals for…
Pennsylvania Regulators Failed to Protect Public from Natural Gas Development Problems, Says Grand Jury
Pennsylvania Attorney General (AG) Josh Shapiro on Thursday said a two-year grand jury investigation into unconventional natural gas development uncovered “systematic failure” by regulators to protect the public from the risk of industry operations. The grand jury report recommended new state laws to better protect water supplies and manage air pollution. “This report is about…
Appalachia’s Exco Tapping Small-Scale Liquefaction to Monetize Stranded Production
Edge Gathering Virtual Pipelines 2 LLC has been selected to capture and liquefy natural gas from Exco Resources Inc.’s remote assets in Pennsylvania’s Marcellus Shale.
4Q2019 Earnings: Cabot Tests Show Winner in Upper Marcellus, Management Says
Cabot Oil & Gas Corp. on Friday said tests in the upper Marcellus Shale demonstrate the interval is a “distinct” target with results exceeding “the majority of assets” across Appalachia that’s likely to extend the life of its drilling inventory in Northeast Pennsylvania by over a decade.
Oil Gains, Natural Gas Falls in Latest Rig Data as Overall U.S. Count Steady
The overall U.S. rig count went unchanged at 799 during the week ended Friday, as gains in the oil patch offset a pullback in natural gas drilling, according to data from Baker Hughes Co. (BKR).
Marcellus, Utica Natural Gas Assessments Nearly Doubled by USGS
The U.S. Geological Survey (USGS) on Thursday sharply raised its assessments for the Marcellus and Utica shale formations, estimating they hold a mean of 214 Tcf of undiscovered, technically recoverable natural gas resources — with the Utica now topping the Marcellus.
Penn State Researchers Tout Low-Cost Method for Discovering Marcellus Gas
Pennsylvania State University researchers have developed a method that may help producers more easily identify natural gas-rich areas in the Marcellus Shale for exploratory wells.
DOE’s Marcellus Research Underway on New West Virginia Well
The Marcellus Shale Engineering and Environmental Laboratory (MSEEL) is at work on its latest well at a new site in West Virginia, examining a 139-foot core sample taken from the formation that could yield more data to improve unconventional development in the Appalachian Basin.