Utica

Gulfport Again Lifts Production Guidance on Utica, SCOOP Performance

Strong performance during the first six months of the year has prompted Gulfport Energy Corp. to again increase its 2018 production guidance.

August 10, 2018

Despite Less Spending, Eclipse Beats 2Q Production Guidance

Although it cut capital expenditures earlier this year on the dim outlook for natural gas prices, Appalachian pure-play Eclipse Resources Corp. managed to beat its second quarter production guidance.

August 8, 2018
Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

Chesapeake Energy Corp. is exiting Ohio’s Utica Shale, a play it pioneered, in a $2 billion divestiture to Houston-based startup Encino Acquisition Partners (EAP), which has plans to aggressively develop the 900,000 net acres.

July 27, 2018
Utica Shale Natural Gas Production Hit New Record in First Quarter

Utica Shale Natural Gas Production Hit New Record in First Quarter

Ohio’s unconventional natural gas production continued its upward climb in the first quarter, jumping more than 40% year/year (y/y) and setting a new state record at 531.3 Bcf.

July 11, 2018
Utica Shale Further Consolidated With Ascent’s $1B-Plus Acquisition

Utica Shale Further Consolidated With Ascent’s $1B-Plus Acquisition

Ascent Resources LLC announced on Friday that it would acquire 113,400 net Utica Shale acres for $1.5 billion in a package of deals with multiple sellers, ballooning the company’s position in the play to more than 300,000 net acres and becoming one of the country’s largest private exploration and production (E&P) companies in the process.

July 2, 2018

CNX Sees Stacked Pay Well Pads as Appalachia’s Next ‘Basin Disruptor’

The super-sized well pads targeting multiple horizons that CNX Resources Corp. plans to increasingly develop in the coming years will “disrupt” the Appalachian Basin, a company executive said this month at an industry conference in Pittsburgh.

June 22, 2018
Unconventional Natural Gas Well IPs Still Improving, Says Bernstein

Unconventional Natural Gas Well IPs Still Improving, Says Bernstein

U.S. natural gas well production during 2017 climbed a staggering 35% year/year, pushed by efficiency improvements from three big shale plays, the Utica (78%), Haynesville (44%) and Marcellus (28%), according to a review by Sanford C. Bernstein & Co. LLC.

May 11, 2018

Gulfport Lifts Production Guidance on Utica, SCOOP Outperformance

Strong performance from the company’s “base production wedge” in Ohio’s Utica Shale and new wells turned to sales in the South Central Oklahoma Oil Province (SCOOP) during the first quarter have prompted Gulfport Energy Corp. to increase its full-year production guidance, management said Wednesday.

May 10, 2018

CNX Utica Volumes Soar in First Quarter; Coal Exit Complete

CNX Resources Corp. reported a 184% year/year (y/y) increase in Utica Shale volumes during the first quarter, as it continues to build more of the play into its development program.

May 3, 2018
Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

The Utica Shale and South Central Oklahoma Oil Province (SCOOP) helped Gulfport Energy Corp. increase year/year production by 52% in the first quarter.

April 19, 2018