Utica Shale

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…

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…

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…

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…

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…

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…

Ohio’s unconventional oil and natural gas production again declined in the second quarter as shut-ins and low commodity prices persisted, according to recent data from the Ohio Department of Natural Resources (ODNR).  Unconventional natural gas production, driven almost entirely by volumes from the Utica Shale, was down 7% year/year to 569.4 Bcf. Volumes also fell…

Lower 48 independent Range Resources Corp. on Wednesday unveiled an emissions goal of net zero greenhouse gas (GHG) emissions by 2025. The Fort Worth, TX-based exploration and production (E&P) company said in its 2020 Corporate Sustainability Report it has reduced absolute GHG emissions by 47% since 2017. It also has recycled 147% of produced water…

Sunoco Pipeline LP is challenging a recent directive from state regulators to suspend work on a horizontal directional drill (HDD) in Chester County, PA, needed to complete parts of its embattled Mariner East pipeline system. A prolonged construction stoppage at the site in West Whiteland Township, dubbed HDD 360, creates “a significant risk of adverse…