Marcellus

Antero Midstream Corp. plans to acquire the Marcellus Shale natural gas gathering and compression assets owned by Crestwood Equity Partners LP (CEQP), the companies reported Monday. The $250 million bolt-on acquisition, which requires regulatory approval, would boost Appalachian Basin pure-play Antero’s gas compression capacity by 20% and gas compression mileage by 15%, said management. CEQP…

EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024. The 7.2 million metric tons/year (mmty) facility would be located at a yet-to-be-determined site along…

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

European-based supermajors Equinor ASA and Shell plc are collaborating with United States Steel Corp. to advance “decarbonization opportunities” in the Pennsylvania, Ohio and West Virginia region. U.S. Steel, as it is known, said the cooperation agreement with Equinor US Holdings Inc. and Shell US Gas & Power LLC would include carbon capture utilization and storage…

FERC has granted the heavily scrutinized Mountain Valley Pipeline (MVP) another four years to finish construction and enter service, a move that could augur well for the embattled natural gas project’s political and regulatory future. In an order filed Tuesday, the Federal Energy Regulatory Commission gave MVP until Oct. 13, 2026, to complete what has…

European-based supermajors Equinor ASA and Shell plc are collaborating with United States Steel Corp. to advance “decarbonization opportunities” in the Pennsylvania, Ohio and West Virginia region. U.S. Steel, as it is known, said the cooperation agreement with Equinor US Holdings Inc. and Shell US Gas & Power LLC would include carbon capture utilization and storage…

A sizable boost in quarterly output from the exploration arm, as well as stronger midstream volumes, have helped fuel Appalachian Basin-focused National Fuel Gas Co. (NFG) as it shifts focus to undeveloped acreage in the Marcellus and Utica shales. Management told investors during a third quarter conference call the firm’s performance reflected its approach to…

Williams is partnering with PennEnergy Resources LLC to market and deliver certified natural gas from the Appalachian Basin to meet growing demand in the United States and beyond. Through its Sequent business unit, purchased from Southern Co. in 2021, Williams is building a marketing portfolio to sell the low-carbon natural gas to utilities, LNG export…