Marcellus

A day after reports surfaced that activist investor Kimmeridge Energy Management Co. LLC had taken a stake and was pushing for change, Chesapeake Energy Corp. CEO Nick Dell’Osso said Thursday he agreed the company is undervalued. Reuters initially reported that Kimmeridge took a 1.6% stake in the Oklahoma City-based independent, putting it among the largest…

Mountain Valley Pipeline LLC (MVP) project sponsor Equitrans Midstream Corp. (EQM) now expects full in-service for the embattled natural gas conduit in the second half of 2023, at a total cost of around $6.6 billion, management said this week. Since receiving approval from FERC in 2017, the project has faced numerous adverse legal and regulatory…

Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said last week. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings.…

The world’s growing appetite for U.S. liquefied natural gas (LNG) continued to take center stage during earnings calls at two more of the nation’s top exploration and production companies, with management at both acknowledging the opportunities and challenges that come with meeting rising demand. Southwestern Energy Co. said Friday it’s already sending a third of…

Range Resources Corp. CEO Jeff Ventura said Wednesday Appalachian natural gas producers need more support from policymakers if they are  expected to help meet increasing demand for the fuel at home and abroad. Aggressive domestic and international energy transition policies, along with Russia’s invasion of Ukraine, which has jeopardized European gas imports, have pushed prices…

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. The…

CNX Resources Corp. said Tuesday it would extend a long-term agreement with Evolution Well Services to continue utilizing an all-electric fracturing fleet in the Appalachian Basin. COO Chad Griffith said after four years of working with Evolution’s fleet the “safety, environmental and efficiency benefits” have been clearly demonstrated. CNX holds more than one million Marcellus…

Adelphia Gateway LLC has started partial service on its brownfield natural gas pipeline expansion project moving Marcellus Shale supply to growing demand markets in eastern Pennsylvania and beyond, pipeline flow data shows. Adelphia started flowing on Monday, moving natural gas supply from the Quakertown meter station through the Marcus Hook facility to the Tilghman meter.…

Natural gas production is set to rise more than 700 MMcf/d from April to May on the strength of output growth from the Haynesville Shale, and from the Appalachian and Permian basins, updated projections from the Energy Information Administration (EIA) show. Modeling trends from seven key U.S. onshore producing regions, EIA said in its latest…