Utica

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Deflating oil and natural gas production from seven of the most prolific U.S. onshore unconventional plays is expected to continue in August, according to the Energy Information Administration (EIA).  Total oil production from the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations is expected to decline to 7.49 million…

July 13, 2020
Permian Activity Declines as U.S. Rig Count Down Two

Permian Activity Declines as U.S. Rig Count Down Two

Driven by declines in the Permian Basin, the U.S. rig count fell two units overall to drop to 263 for the short holiday week ending Thursday (July 2), according to the latest numbers from Baker Hughes Co. (BKR). Changes for the week included a three-rig decline in oil-directed drilling, partially offset by the addition of…

July 2, 2020
Ohio Utica Production Falls Off in Tough First Quarter for Operators

Ohio Utica Production Falls Off in Tough First Quarter for Operators

Ohio’s unconventional oil and natural gas production declined sharply in the first quarter as operators grappled with a challenging period in which energy demand crumbled due to the coronavirus pandemic and commodity prices followed with a historic decline.

June 19, 2020
Quebec Urged to Consider Utica Shale Natural Gas in Energy Transition to Zero Emissions

Quebec Urged to Consider Utica Shale Natural Gas in Energy Transition to Zero Emissions

Natural gas holds the key to achieving French Canada’s declared climate change and energy transition policy goals, including tapping abundant Utica Shale reserves, to move Quebec toward an all-electric future, according to a Montreal research agency.

May 14, 2020

Marcellus, Utica Natural Gas Assessments Nearly Doubled by USGS

The U.S. Geological Survey (USGS) on Thursday sharply raised its assessments for the Marcellus and Utica shale formations, estimating they hold a mean of 214 Tcf of undiscovered, technically recoverable natural gas resources — with the Utica now topping the Marcellus.

October 3, 2019
Ohio E&Ps Report Marginal 2Q Increases in Oil, NatGas Volumes

Ohio E&Ps Report Marginal 2Q Increases in Oil, NatGas Volumes

Unconventional oil and natural gas production in Ohio increased slightly in the second quarter, reflecting operators’ continued response to volatile commodity prices.

September 3, 2019

Gulfport’s 2Q Production Bounces Back as More Wells Turned to Sales

Gulfport Energy Corp. reported increased production during the second quarter as it turned more wells to sales following a slower stretch of completions activity at the end of 2018.

July 22, 2019

Gulfport Kicks Off Monetization Process with Small Sale of Marcellus Rights

Gulfport Energy Corp. said Friday it is making progress to simplify its portfolio as it zeros in on core assets in Ohio’s Utica Shale and the South Central Oklahoma Oil Province (SCOOP).

May 3, 2019
Seneca Resources Cuts Production Guidance as Utica Tests Taking Time

Seneca Resources Cuts Production Guidance as Utica Tests Taking Time

National Fuel Gas Co. (NFG) exploration and production subsidiary Seneca Resources Corp. was forced to cut full-year guidance over operational issues in the fiscal second quarter that are likely to persist.

May 3, 2019

CNX Increases Spending to Carry More Utica Wells into 2020

CNX Resources Corp. said Tuesday it would increase spending this year and drill more wells that won’t come online and benefit the company until 2020, despite investors who continue to expect capital discipline.

April 30, 2019
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