Quarter

Ohio pure-play Eclipse Resources Corp. plowed ahead with its next generation completion design during the third quarter, using what it learned from the Purple Hayes 1H “super lateral” well in the Utica Shale condensate window to drive improving results.

Space on the 800 MMcf/d Zone 3 capacity enhancement for the Rockies Express Pipeline LLC (REX) is officially sold out, management for operator Tallgrass Energy said during a conference call late Wednesday to discuss 3Q2016 results.

Consol Energy Inc.’s balance sheet continued its transformation during the third quarter, when it divested two more coal mining complexes to exit central Appalachia coal and surface mining with an eye toward a future that looks increasingly full of Utica Shale development.

Marathon Petroleum Corp.’s midstream master limited partnership, MPLX LP, turned in another strong quarter, again buoyed by last year’s acquisition of MarkWest Energy Partners LP and a rebound in drilling activity in the Northeast.

Appalachian pure-play Antero Resources Corp. turned in a strong third quarter, leveraging its firm transportation portfolio to move gas to more favorable pricing outside the basin and grow production 25% year/year.

Baker Hughes Inc. continues to reposition after the failed merger with Halliburton Co. and is focusing more on drilling product innovation, including longer laterals, and less on pressure pumping, a “water and sand” business that requires less expertise, CEO Martin Craighead said Tuesday.

Reflecting low crude oil prices and a weak global economy, General Electric’s (GE) operations showed only modest earnings growth during 3Q2016, with oil/natural gas businesses being the main drag. That could continue in 2017.

Calgary-based Precision Drilling Corp. is seeing activity pick up across all of its U.S. operating regions, with the Permian Basin in West Texas “getting the most attention,” CEO Kevin Neveu told analysts during a 3Q2016 earnings call.

Southwestern Energy Co. spent the third quarter making up for lost time, getting its rigs running again and finding more efficiencies to get back on the growth path heading into 2017 as production has declined since late last year.