Marcellus

Ascent Resources Marcellus Holdings LLC and its subsidiaries (ARM), successor companies that had their beginnings with the late Aubrey McClendon, have filed for Chapter 11 bankruptcy protection.

Now that its separation from the coal business is complete and with full control of its midstream assets, CNX Resources Corp. plans to “go on offense” and target the Appalachian Basin’s stacked pay potential to drive growth, CEO Nicholas Deluliis said on Tuesday.

Range Resources Corp. plans to cut its budget and spend within projected cash flow this year to continue sending a message of capital discipline that is trending among other exploration and production companies across the country.

For nearly a decade, Steve Hedrick and his colleagues have been trying to make a natural gas liquids (NGL) storage hub in the Appalachian Basin a reality. Those efforts came one step closer to fruition on Wednesday.

Ultra Petroleum Corp., an early Marcellus Shale entrant, has divested its last assets in the play, agreeing to sell its 50% nonoperated interest in 72,000 net acres for $115 million to an affiliate of privately held Alta Resources LLC.

Lower oil prices and the company’s ongoing push to cut costs find Cabot Oil & Gas Corp. exiting the Eagle Ford Shale in two separate deals that are expected to close next year, leaving the company with its core Marcellus Shale properties and exploratory prospects.

Fresh from closing on a pair of asset sales in the Appalachian Basin, Carrizo Oil & Gas Inc. said it will sell substantially all of its assets in the Denver-Julesburg (DJ) Basin to an undisclosed buyer for $140 million, the latest move in a divestiture program begun earlier this year.

Operating efficiencies that allowed earlier than expected turn-in-lines during the third quarter helped Rex Energy Corp. beat guidance for the period and have the company on track to meet its year-end exit rate production growth target of 15-20%.

National Fuel Gas Co. (NFG) is forecasting a decrease in earnings for fiscal year (FY) 2018, which began last month, primarily as a result of lower anticipated commodity prices for its upstream business segment.