Marcellus

West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…

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…

Natural gas production from seven key U.S. onshore regions is set to drop from November to December, extending a trend of falling output that has held for most of 2020, according to data published Monday by the Energy Information Administration (EIA). In the latest monthly release of its Drilling Productivity Report (DPR), EIA said it…

EQT Corp., the Lower 48’s largest natural gas producer, said Tuesday it would acquire all of Chevron Corp.’s Appalachian assets in the Marcellus Shale for $735 million.  Expected to be completed by year’s end, the sale includes 450 MMcfe/d of production, 335,000 net acres, 100 wells in progress, two water systems and associated infrastructure in…

In a final push to win Pennsylvania, among a handful of battleground states crucial for his re-election chances, President Trump this week ramped up attacks on rival and Democratic nominee Joseph R. Biden Jr. over hydraulic fracturing, aka fracking. Following a slew of television and online advertisements striking at Biden’s energy stances, Trump held several…

Record natural gas production declines and a potential rebound in winter demand could create the tightest market of the past decade, with Henry Hub prices soaring to $5.00/MMBtu if weather is colder than normal, according to Morgan Stanley. Researchers said that the precipitous drop in oil prices has stalled growth in the “free” associated gas…

Boosted by gains in the Haynesville and Marcellus shales, the U.S. rig count added one unit overall to finish at 255 for the week ending Friday (Sept. 18), according to the latest figures from Baker Hughes Co. (BKR). The addition of two natural gas-directed rigs in the United States offset the departure of one oil-directed…

Both natural gas and oil production from seven key U.S. onshore plays is set to decline in September, continuing a downtrend that began earlier this year, according to the latest Drilling Productivity Report (DPR) published Monday by the Energy Information Administration (EIA). EIA expects natural gas production from the Anadarko, Appalachian, Denver Julesburg-Niobrara and Permian…

Southwestern Energy Co. agreed to acquire Montage Resources Corp. in an all-stock deal that would create the third largest oil and natural gas producer in the Appalachian Basin, with 3 Bcfe/d of combined production.  The deal is valued at $857 million, including debt, according to Raymond James & Associates Inc. It would give the Houston-based…