Marcellus

Coterra Energy Searching for Opportunities in ‘Crowded LNG Market’

Coterra Energy Searching for Opportunities in ‘Crowded LNG Market’

Coterra Energy Inc.’s CEO Thomas Jorden called for the government and investors to provide the proper signals in response to an energy crisis “unlike anything the world has seen in almost 50 years.” In order for the U.S exploration and production (E&P) sector to “respond with increased U.S. supply, we need well-thought-out regulation and policies…

May 12, 2022
Chesapeake Pushed to Sell Oil, Keep Natural Gas by Activist Investor Kimmeridge

Chesapeake Pushed to Sell Oil, Keep Natural Gas by Activist Investor Kimmeridge

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…

May 5, 2022
Equitrans Midstream Sticking by MVP as In-Service Slips to Late 2023

Equitrans Midstream Sticking by MVP as In-Service Slips to Late 2023

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…

May 5, 2022
Antero Ready to Capture LNG Upside as Calls for U.S. Exports Grow

Antero Ready to Capture LNG Upside as Calls for U.S. Exports Grow

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.…

May 4, 2022
Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

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…

May 2, 2022
Range Resources CEO Calls for Federal, State Support as Natural Gas Prices, Demand Spike

Range Resources CEO Calls for Federal, State Support as Natural Gas Prices, Demand Spike

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…

April 28, 2022
Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

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…

April 27, 2022
CNX Extends Contract for Electric Fracturing Fleet in Appalachia

CNX Extends Contract for Electric Fracturing Fleet in Appalachia

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…

April 27, 2022
Marcellus Natural Gas Conduit Adelphia Begins Partial Service on Expansion

Marcellus Natural Gas Conduit Adelphia Begins Partial Service on Expansion

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.…

April 20, 2022
Haynesville, Appalachia Seen Driving Domestic Natural Gas Output in May

Haynesville, Appalachia Seen Driving Domestic Natural Gas Output in May

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…

April 20, 2022
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