Nearly a year after the company said it would suspend its Upper Devonian Shale drilling in favor of the deep, dry Utica, EQT Corp. is reviving the program, with management saying on Thursday that it’s a “use it or lose it play.”
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March natural gas is expected to open a penny lower Tuesday morning at $2.87 as weather models were largely unchanged overnight and analysts ponder longer-term market weakness. Overnight oil markets rose.
Wyoming state regulators are pursuing expanded rules related to emissions of volatile organic compounds (VOC) and methane, both primary components of natural gas. They are seeking tougher mandates for leak detection and repair (LDAR) programs and drawing kudos from environmentalists.
As the majors and other large oil and gas companies deploy up and down the Marcellus and Utica shales, a handful of smaller companies are targeting shallower formations like the Upper Devonian Shale, using hydraulic fracturing (fracking) at less expensive wells to achieve their own measure of success.
The Allegheny County Airport Authority (ACAA), which runs Pittsburgh International Airport and Allegheny County Airport, has accepted the lower of two bids it received to drill Marcellus Shale natural gas wells on airport property.
Consol Energy Inc. and EQT Corp. were the only companies to submit bids for leases to drill for natural gas on 9,263 acres at Pittsburgh International Airport and Allegheny County Airport just outside of the city, according to the Allegheny County Airport Authority (ACAA).
The Pennsylvania Public Utility Commission’s (PUC) revision of distribution figures for impact fee revenue generated by Act 13 is mixed news for municipalities, with a bigger pot of revenue to divvy up, but most will get a smaller share.
A citizens’ advisory task force on Wednesday submitted its final recommendation for cleaning up the air in the Upper Green River Basin to the Wyoming Department of Environmental Quality (DEQ), prompting praise from Gov. Matt Mead.
Houston explorer Marathon Oil Corp. is reducing its rig count in the Eagle Ford Shale because of drilling efficiencies and dropped rigs in the Anadarko Woodford and Bakken plays in response to a “continued decline in natural gas liquids (NGL) and natural gas prices,” the company said Wednesday.
India’s Ministry of Petroleum & Natural Gas (MPNG) on Tuesday told lawmakers in the Rajya Sabha, the upper house of the country’s Parliament, it will announce a new regulatory framework for shale gas development by March 31.