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.
Articles from Marcellus
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.
A UGI Corp. subsidiary said this week it would expand its Auburn natural gas gathering system in Northeast Pennsylvania because of growing Marcellus Shale volumes.
CNX Resources Corp. reported a 184% year/year (y/y) increase in Utica Shale volumes during the first quarter, as it continues to build more of the play into its development program.
Antero Resources Corp. continued favoring its Marcellus Shale assets in West Virginia during the first quarter, where it completed its longest lateral to date at nearly 14,400 feet.
The United States became a net exporter of natural gas in 2017 for the first time since 1958, as increasing shipments of liquefied natural gas (LNG) to world markets and pipeline deliveries to Mexico exceeded imports, according to FERC.
Appalachian pure-play Eclipse Resources Corp. said this week that it is exploring a “full range” of strategic, operational and financial alternatives to maximize shareholder value.