While some producers and midstreamers have shifted their focus from the Marcellus and Utica shales to oilier, more lucrative plays, pipeline giant Williams is expanding its Appalachian position by purchasing with the Canada Pension Plan Investment Board (CPPIB) the remaining 38% stake in Utica East Ohio (UEO) Midstream.
Articles from Marcellus
Equitrans Midstream Corp. said Thursday that it has reached a deal with Morgan Stanley Infrastructure Partners to acquire two midstream systems in the Appalachian Basin for $1.03 billion, marking its first strategic transaction since it separated from EQT Corp. late last year.
Unconventional natural gas production in Ohio exceeded 2 Tcf for the first time last year, as volumes set another record in the fourth quarter, according to new state data.
Houston-based Encino Energy LLC last month took over drilling and completion operations on a massive Utica Shale position in Ohio that it acquired late last year in a $2 billion deal from the play’s pioneer Chesapeake Energy Corp., with plans for steady growth in the state as it works to make the assets its own.
Cabot Oil & Gas Corp. on Friday said exploratory efforts in north-central Ohio, where it has been working over the last two years to breathe new life into old oilfields with unconventional drilling, would end because of poor results.
Appalachian heavyweight Antero Resources Corp. finished 2018 by surpassing the 3 Bcfe/d production mark, volumes underpinned by a massive position in the southwestern core of the Marcellus and Utica shales that’s once again expected to drive double-digit output growth this year as other operators scale back.
Appalachian pure-play Antero Resources Corp. turned more wells to sales in the third quarter than it has during any period in its history following a packed stretch of activity that will allow the company to slow down as the year comes to an end.
Just days after Williams reached the finish line on its Atlantic Sunrise project, Transcontinental Gas Pipe Line Co. (Transco) has secured 15-year commitments for 100% of the proposed Leidy South expansion, another Marcellus and Utica shale takeaway project designed to serve East Coast markets.
Cabot Oil & Gas Corp. is pulling up stakes and halting exploratory efforts for oil in one of two prospective areas it identified for tests early last year after incurring $51.1 million of dry hole costs during the second quarter.
The super-sized well pads targeting multiple horizons that CNX Resources Corp. plans to increasingly develop in the coming years will “disrupt” the Appalachian Basin, a company executive said this month at an industry conference in Pittsburgh.