Utica Shale

EQT Achieves Certification for 4 Bcf/d of Appalachian Natural Gas Production

EQT Achieves Certification for 4 Bcf/d of Appalachian Natural Gas Production

EQT Corp. said 80% of its natural gas now holds the certified designation, giving it a potential leg up for premium pricing. The top natural gas producer in the United States, which produced an estimated 5.6 Bcfe/d during the third quarter,  said most of the Marcellus and Utica shale production achieved the certification label last…

January 18, 2022
Natural Gas Futures Steady in Rare Quiet Session Ahead of Expiration; Cash Rising

Natural Gas Futures Steady in Rare Quiet Session Ahead of Expiration; Cash Rising

Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. Spot gas prices gathered…

December 28, 2021
Natural Gas Rig Count Drops to 103 as GOM Activity Slows

Natural Gas Rig Count Drops to 103 as GOM Activity Slows

The U.S. natural gas rig count slipped one unit to 103 for the week ended Friday (July 30) as a pullback in the Gulf of Mexico (GOM) dragged the overall domestic tally lower, the latest data from Baker Hughes Co. (BKR) show. Declines in the United States also included two oil-directed rigs, leaving the combined…

July 30, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
CNX Still Sees Utica Shale in Longer-Term Growth Plan

CNX Still Sees Utica Shale in Longer-Term Growth Plan

CNX Resources Corp. got a lift from stronger first quarter commodity prices as it continued executing on a broader seven-year plan it laid out in 2020. The company said free cash flow (FCF), up for the fifth consecutive quarter, came in at $101 million. It has also increased its full-year FCF guidance to $450 million…

April 30, 2021
Southwestern Drills First Ohio Utica Well after Montage Acquisition

Southwestern Drills First Ohio Utica Well after Montage Acquisition

Appalachian pure-play Southwestern Energy Co. plans to keep year/year production and spending flat in 2021 even as it assumes a larger asset base and entry into Ohio with its acquisition of Montage Resources Corp. The exploration and production company laid out its vision for the year last week, joining peers in announcing a plan aimed…

March 3, 2021
Equitrans Cuts Guidance as Appalachian Producers Continue to Hunker Down

Equitrans Cuts Guidance as Appalachian Producers Continue to Hunker Down

Equitrans Midstream Corp. has significantly cut its 2021 financial forecast as Appalachian natural gas producers continue to curb spending and output. Equitrans, the third largest natural gas gatherer in the United States with operations in Ohio, Pennsylvania and West Virginia, this month cut its net income guidance for next year to $540-610 million. That’s down…

December 24, 2020
MVP Clears Major Permitting Hurdle as Forest Service Completes Supplemental Review

MVP Clears Major Permitting Hurdle as Forest Service Completes Supplemental Review

The U.S. Forest Service (USFS) has finalized a supplemental environmental review of the Mountain Valley Pipeline (MVP), a key step in resolving a permitting setback that has prevented construction on a small portion of the project routed through the Jefferson National Forest. Late last week, the USFS released a final supplemental environmental impact statement for…

December 14, 2020
FERC Nixes Rehearing of MVP Southgate Natural Gas Expansion, with One Dissent

FERC Nixes Rehearing of MVP Southgate Natural Gas Expansion, with One Dissent

FERC on Thursday turned back a rehearing on a 2-1 vote regarding its prior approval for Appalachian natural gas takeaway Mountain Valley Pipeline LLC (MVP) to extend the system. The environmental impacts for the Southgate extension are acceptable, the Federal Energy Regulatory Commission ruled in its regular meeting. Chairman Neil Chatterjee and James P. Danly…

September 17, 2020
Pennsylvania Orders Mariner East Reroute, Cites ‘Careless’ Actions by Sunoco

Pennsylvania Orders Mariner East Reroute, Cites ‘Careless’ Actions by Sunoco

Citing adverse impacts at a horizontal directional drill (HDD) site in southeastern Pennsylvania, the state’s Department of Environmental Protection (DEP) has ordered Sunoco Pipeline LP to reroute part of its Mariner East (ME) system. Sunoco will need to “take all steps necessary, including the submission of appropriate applications and supporting materials for permit amendments,” to…

September 14, 2020
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