Oil and natural gas production in Ohio’s Utica Shale declined in the first quarter as operators pared activity heading into the year in response to a variety of factors that are likely to see the trend continue.
Articles from Utica
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).
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.
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.
Newly released data from Cleveland State University’s (CSU) Energy Policy Center shows that investments in Ohio’s Utica Shale have reached $74 billion since 2011, when the first unconventional commercial production was reported and the school began tracking the play’s economic impacts.
Gulfport Energy Corp.’s production dipped in the first quarter following a slower operational period in late 2018 that the company anticipated ahead of a ramp in activity that started earlier this year.
Ohio pure-play Ascent Resources LLC, the Utica Shale’s largest producer, said in a rare operational update that it expects to reach at least 2 Bcfe/d of production this year.
While some producers and midstreamers have shifted their focus from the Marcellus and Utica shales to oilier, more lucrative plays, pipeline giant Williams is expanding its Appalachian position by purchasing with the Canada Pension Plan Investment Board (CPPIB) the remaining 38% stake in Utica East Ohio (UEO) Midstream.
With an eye on optimizing its position in the Marcellus and Utica basins, Williams has purchased the remaining 38% stake in the Utica East Ohio (UEO) Midstream from Momentum Midstream and will take over as operator through a partnership with investment group Canada Pension Plan Investment Board (CPPIB).
After trying unsuccessfully for 20 years to start natural gas production in French Canada, a small Calgary company refuses to take no for an answer from the Quebec government.