The U.S. Court of Appeals for the Fourth Circuit has upheld a crucial water quality permit issued to the Mountain Valley Pipeline (MVP) by Virginia state regulators, keeping the project on track to potentially resume and complete construction later this year. However, a forthcoming ruling on a water quality permit issued by the state of…
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Lower 48 Oil and Natural Gas Permitting Rises, but Not Everywhere
Nearly 3,000 permits were issued in February to explore for U.S. oil and gas, a slight increase from January but down nearly 9% from a year ago, according to state and federal data. Evercore ISI, which tracks oil and gas permitting data, said 2,929 permits gained approval in February, up by 211 or 8% from…

Leaders Must Stand Up, Make Case for U.S. Natural Gas, Says EQT Exec
EQT Corp. may be the nation’s largest natural gas producer, but it’s all in on sustainability and the energy transition. That said, natural gas is part of the solution, not the problem, a top executive said. General counsel Will Jordan recently met with NGI in Houston at CERAWeek by S&P Global. He shared insight into…

Pennsylvania Posts Largest Annual Decline in Natural Gas Production
Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began, according to the state’s Independent Fiscal Office (IFO). This was the fourth consecutive quarter in which production did not increase on a yearly basis, according to the IFO’s Natural Gas Production Report compiled…

Ascent Resources Outlines Steady Utica Drilling Plan as Natural Gas Prices Seen Weakening
Privately-held Ascent Resources Utica Holdings LLC, Ohio’s largest natural gas producer, is joining its publicly-traded peers in keeping production and activity flat this year as the commodity outlook has softened. Ascent, also one of the nation’s largest private natural gas producers, is guiding for 2-2.1 Bcfe/d of production in 2023, in line with the 2.1…

MVP Gets Sign-Off From Fish & Wildlife, but Fourth Circuit Could Deliver Fresh Setbacks
The U.S. Fish and Wildlife Service (USFWS) has issued an updated review of the Mountain Valley Pipeline (MVP) that could pave the way for the 2 million Dth/d natural gas conduit to receive further permits and complete construction this year. However, even with the updated USFWS Biological Opinion, posted to the project’s FERC docket Wednesday,…

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts
EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia. Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm. “Ensuring a reliable supply of energy is a challenge,…

Range Resources Shrugs Off Report of Potential Pioneer Natural Resources Acquisition
Range Resources Corp.’s management team on Tuesday brushed aside questions about whether they’ve discussed the possibility of Pioneer Natural Resources Co. acquiring the company after reports surfaced last week. CEO Jeff Ventura told analysts during a call to discuss year-end financial results Tuesday that a statement Pioneer issued downplaying the reports was “good news” for…

Equitrans Says MVP Coming in 2023, but ‘Disappointed’ with Permitting Reform Failures by Congress
Equitrans Midstream Corp.’s (EQM) long-delayed Mountain Valley Pipeline (MVP) may gain some necessary permits within the next few months, “which will allow us then to bring MVP into service in 2023,” said CEO Thomas Karam. EQM is expecting the biological opinion from the U.S. Fish and Wildlife Service by next Tuesday, “and based on the…

EQT Braces for Tough Year, Highlights Plan to Curb Activity if Natural Gas Falls Further
EQT Corp. continues to wait for antitrust regulators to clear its $5.2 billion acquisition of Tug Hill Inc.’s upstream and midstream assets in West Virginia, and management now expects to provide more details on the timing of the transaction around the middle of the year. The deal, which would add 800 MMcfe/d of production from…