Marcellus

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Dealmaking in the United States within the upstream oil and gas sector staged a slight recovery in the second quarter, with three of five deals in Appalachia, but the period still ranks as the third lowest in quarterly value since 2009, according to Enverus. The data analytics company in its summary of 2Q2020 U.S. upstream…

July 6, 2020
Forecasts ‘Very Constructive’ for Natural Gas Demand as Futures Called Higher

Forecasts ‘Very Constructive’ for Natural Gas Demand as Futures Called Higher

A continued strong showing for July heat in the latest forecasts helped lift natural gas futures sharply higher in early trading Monday. The August Nymex contract was up 8.5 cents to $1.819/MMBtu at around 8:40 a.m. ET. While changes to the forecast were mixed over the holiday weekend, the overall pattern continues to look “very…

July 6, 2020
U.S. Rig Count Down as Oil, Gas Patch Shows Signs of Stabilizing Post-Covid

U.S. Rig Count Down as Oil, Gas Patch Shows Signs of Stabilizing Post-Covid

Posting its smallest weekly decline in months, the U.S. rig count dropped one unit to finish at 265 for the week ending Friday (June 26), suggesting that upstream activity could finally be stabilizing after a prolonged period of Covid-induced retrenchment. According to the latest Baker Hughes Co. (BKR) data, total U.S. natural gas-directed rigs finished…

June 26, 2020
U.S. Supreme Court Ruling Bolsters ACP, but Obstacles Remain

U.S. Supreme Court Ruling Bolsters ACP, but Obstacles Remain

Even after a major court victory upheld the Atlantic Coast Pipeline’s (ACP) plans to cross the Appalachian National Scenic Trail, the latest FERC filings point to the hurdles that remain for the 600-mile, 1.5 Bcf/d project to reach the finish line.

June 19, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices

Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices

The impact fees paid by Pennsylvania’s unconventional natural gas producers in 2019 declined by 20% year/year to about $200.4 million, a drop that was primarily because of lower prices, according to the state Public Utility Commision (PUC).

June 18, 2020
Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Corp. on Friday pleaded no contest to charges brought by the Pennsylvania Attorney General’s (AG) Office and a statewide grand jury as part of a two-year criminal investigation into unconventional oil and natural gas development.

June 16, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

June 15, 2020
Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia pure-play CNX Resources Corp. plans to increase some of its previously curtailed natural gas production beginning in July, with additional adjustments to be made as conditions warrant.

June 12, 2020
MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

The beleaguered Mountain Valley Pipeline (MVP), one of the last major greenfield projects pending to move natural gas from the Marcellus and Utica shales, is almost at the finish line, but more delays and cost overruns are likely, according to the operator.

June 12, 2020
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