Quarter

Rex Energy Corp. finished the fourth quarter within guidance but saw its production remain flat both sequentially and year/year as it works to finish drilling to hold core acreage in Ohio and Western Pennsylvania ahead of plans for growth over the next two years.

The fourth quarter marked the second in a row that Kinder Morgan Inc. (KMI) took a writedown on natural gas pipeline assets. Revenue was down, again, on lower oil/natural gas throughput, but adjusted earnings were in line with Street expectations.

In a fourth quarter operations update Monday, Ring Energy Inc. released new well results from its development of the Permian Basin’s Central Basin Platform (CBP).

Ohio’s unconventional natural gas production continued to grow in 3Q2016, increasing by nearly 46% from the year-ago period, while low oil prices demonstrated their impact again as the state reported a decline in that production for the third consecutive quarter.

Job losses in the energy sector of the Texas economy slowed during the third quarter. Houston saw a turnaround in employment trends, but gains were more robust in Dallas and Fort Worth. Meanwhile, exports of Texas natural gas to Mexico continue to increase.

Rex Energy Corp. continued drilling to hold its acreage with production in the third quarter, saying 61% of its Moraine East properties in Western Pennsylvania and all but one unit in the Warrior North area of Eastern Ohio should be secured by the end of the year.

Results from the third quarter show Permian Basin pure-plays Diamondback Energy Inc., RSP Permian Inc. and Laredo Petroleum Inc. feeling bullish heading into 2017.

U.S. proppant operators, which provide sand and ceramic materials to fracture onshore oil and natural gas wells, began raising prices and pulling railcars out of storage during the third quarter because of increased demand.

Two master limited partnership (MLP) midstream organizations created for the shale gas revolution, Summit Midstream Partners LP and Cone Midstream Partners LP, stayed relatively sanguine about the future based on their respective 3Q2016 earnings conference calls with analysts last week.