Northeast

EQT Reshaping Strategy for Era of ‘Sustainable Shale’

EQT Reshaping Strategy for Era of ‘Sustainable Shale’

EQT Corp. CEO Toby Rice said Thursday the largest natural gas producer in the United States is positioning itself for a “new era of sustainable shale,” further shaping its strategy to evolve into a lower carbon future.  “As the largest producer of natural gas in the U.S., we’re able to forge new paths and open…

July 29, 2021
Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the…

July 16, 2021
EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania.  The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would…

May 6, 2021
U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

With activity ramping up on land and offshore, the U.S. rig count surged 13 units higher to 430 during the holiday-shortened week ended Thursday (April 1), according to data published by Baker Hughes Co. (BKR). As has often been the case recently, the increase in domestic drilling for the week was driven by the oil…

April 1, 2021
Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

A federal judge has halted oil and gas development in Ohio’s Wayne National Forest (WNF) after a ruling last year found the Bureau of Land Management (BLM) and the U.S. Forest Service (USFS) failed to adequately consider the impact of unconventional development when they opened the land for drilling. The U.S. District Court for the…

March 11, 2021
Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down

Pennsylvania Saw Modest Increase in Unconventional Natural Gas Production Last Year, but Activity Down

Pennsylvania unconventional natural gas production surpassed 7 Tcf last year, up 3.9% from 2019, the lowest growth rate on record for a full year of production, according to the state’s Independent Fiscal Office (IFO). Fourth quarter production increased 2.9% year/year to 1.8 Tcf, flat with the annual growth level in the third quarter. Quarterly production…

March 4, 2021
CNX Reports Record-Breaking Fourth Quarter Despite Pandemic

CNX Reports Record-Breaking Fourth Quarter Despite Pandemic

Despite a volatile year marred by the Covid-19 pandemic, CNX Resources Corp. said it finished strong, delivering on a more cautious approach implemented early in 2020 when the virus spread across the world and weighed on energy demand.  “2020 marked the most successful year we’ve seen as an” exploration and production company, “and frankly, as…

January 29, 2021
New FERC Chairman Signals Stricter Standards for Further MVP Construction Authorizations

New FERC Chairman Signals Stricter Standards for Further MVP Construction Authorizations

FERC in its monthly meeting Tuesday failed to pass three draft orders for Mountain Valley Pipeline LLC (MVP), a move that could augur poorly for the developer’s expectations to quickly complete construction amid the transition to Democratic leadership at the agency. In recent months, MVP has sought the Federal Energy Regulatory Commission’s blessing to continue…

January 21, 2021
Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…

December 31, 2020
Pennsylvania Selects Partner for $2.5M Study on Link Between Cancer and Hydraulic Fracturing

Pennsylvania Selects Partner for $2.5M Study on Link Between Cancer and Hydraulic Fracturing

Pennsylvania Gov. Tom Wolf’s administration has signed a $2.5 million contract with the University of Pittsburgh Graduate School of Public Health to conduct additional research on the potential health effects of hydraulic fracturing (fracking) in the state.  The move comes in response to growing concerns in four southwestern Pennsylvania counties where unconventional natural gas development…

December 24, 2020
‹ Previous 1 2 3 43