An active year in which it set out to delineate the South Central Oklahoma Oil Province (SCOOP), along with a push to acquire and trade for leasehold in core areas, has led Gulfport Energy Corp. to increase 2017 capital spending by 10.5% this year to $1.16 billion.
Utica
Articles from Utica
It’s ‘Anyone’s Guess’ for Answers on Delayed Northern Access Project, NFG Says
National Fuel Gas Co. (NFG) is forecasting a decrease in earnings for fiscal year (FY) 2018, which began last month, primarily as a result of lower anticipated commodity prices for its upstream business segment.
Consol Set to Unleash Appalachian NatGas Production As Coal Split Moves Forward
Consol Energy Inc. announced Tuesday that with final approval from its board, it expects to split into two separate companiesnext month, with the natural gas and coal businesses trading separately beginning Nov. 29.
Gulfport Energy Production Continued Rising in 3Q2017
Gulfport Energy Corp. has again beaten Wall Street consensus, reporting 1.2 Bcfe/d of third quarter production driven partly by more volumes from its nascent program in the South Central Oklahoma Oil Province (SCOOP).
Pin Oak Seals Another Small Deal for Seneca NatGas Assets
Akron, OH-based Pin Oak Energy Partners LLC continued a buying spree on Wednesday, announcing that it had completed a transaction to acquire 4,300 gross acres in northwest Pennsylvania from Seneca Resources Corp.
First Rover Volumes a Sign of Growth to Come in Appalachia
Now that Energy Transfer Partners LP’s (ETP) Rover Pipeline is officially up and running, offering more than 700 MMcf/d out of eastern Ohio, the market is getting its first taste of the project’s potential impact on Appalachian production and pricing.
Eclipse Agrees to $325M Utica JV for Financial Flexibility
Ohio pure-play Eclipse Resources Corp. is entering a $325 million Utica Shale drilling joint venture (JV) with an affiliate of GSO Capital Partners that management said may provide more financial flexibility as commodity prices fluctuate.
Seneca Transitioning to Utica Development in Northwest Pennsylvania
National Fuel Gas Co.’s (NFG) exploration and production subsidiary, Seneca Resources Corp., said after a year of testing the Western Development Area (WDA) in northwest Pennsylvania, the Utica Shale assets are derisked, with full development ready to begin.
EQT Suspends Deep Utica Tests to Focus on Marcellus
EQT Corp. said Thursday it has suspended its deep Utica Shale test program in favor of the Marcellus Shale, as it prepares to bolt-on more acreage in southwest Pennsylvania in a deal toacquire Rice Energy Inc. that’s on track to close by year’s end.
MPLX Expansions Moving More Utica Liquids to Midwest Refineries
MPLX LP has completed a series of expansion projects to pair more Utica Shale liquids with refineries in the Midwest.