Utica

Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction

Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction

EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

September 7, 2022
With Seneca Resources Shift, NFG Foresees Appalachian Natural Gas Growth

With Seneca Resources Shift, NFG Foresees Appalachian Natural Gas Growth

A sizable boost in quarterly output from the exploration arm, as well as stronger midstream volumes, have helped fuel Appalachian Basin-focused National Fuel Gas Co. (NFG) as it shifts focus to undeveloped acreage in the Marcellus and Utica shales. Management told investors during a third quarter conference call the firm’s performance reflected its approach to…

August 12, 2022
Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Houston-based investment firm Riverbend Energy Group said it has found a buyer for the sale of $1.8 billion in upstream equity interests. The assets include nonoperated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale formations. The properties produce about 47,000 boe/d from 11,000 wells, the company said. A spokesperson would not comment on…

June 17, 2022
TotalEnergies Says Exiting Russia Possible Amid Solid Growth in LNG Operations

TotalEnergies Says Exiting Russia Possible Amid Solid Growth in LNG Operations

TotalEnergies SE said Thursday it hasn’t ruled out exiting Russia entirely, a move management said would not disrupt the significant growth seen in the firm’s liquefied natural gas (LNG) operations.  The Paris-based supermajor again condemned Russia’s invasion of Ukraine during its first quarter earnings call. Management announced after the incursion that it would provide no…

April 29, 2022
Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania’s unconventional natural gas production in the third quarter hit 1.751 Tcf, an increase of only 2% from the same period last year and the lowest annual growth rate on record as operators continued to pare activity throughout a tumultuous year. Production increased slightly from 2Q2020 volumes of 1.717 Tcf, according to the Pennsylvania Independent…

November 25, 2020
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
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