Marcellus

EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania.  The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would…

May 6, 2021
Cabot, Southwestern Remain Disciplined in 1Q, Despite Jump in Prices

Cabot, Southwestern Remain Disciplined in 1Q, Despite Jump in Prices

Appalachian heavyweights Cabot Oil & Gas Corp. and Southwestern Energy Co. stayed in maintenance mode during the first quarter of 2021, keeping production flat and delivering free cash flow (FCF) in line with plans for the period.  Both companies reported an increase in average realized prices during the quarter, but that didn’t prompt them to…

May 2, 2021
As Appalachia Natural Gas Certification Expands, EQT Eyeing ‘Differentiated Markets’

As Appalachia Natural Gas Certification Expands, EQT Eyeing ‘Differentiated Markets’

Appalachian Basin giant EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene…

April 18, 2021
EQT Looking to Lead in Certifying U.S. Natural Gas Supply

EQT Looking to Lead in Certifying U.S. Natural Gas Supply

EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its Appalachian Basin supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene and…

April 15, 2021
U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

Another round of healthy gains in the oil patch pushed the U.S. rig count six units higher to 417 for the week ended Friday (March 26), according to data from oilfield services provider Baker Hughes Co. (BKR). After adding nine rigs in the previous week, the domestic oil patch picked up an additional six rigs…

March 26, 2021
FERC Upholds MVP Construction Authorization in 3-2 Vote

FERC Upholds MVP Construction Authorization in 3-2 Vote

A split FERC on Wednesday upheld a recent decision to allow Mountain Valley Pipeline LLC (MVP) to partially resume construction near national forest lands, denying a stay request filed by a coalition of environmental groups. Divided three to two along party lines, the Federal Energy Regulatory Commission rebuffed efforts to overturn a December order allowing…

March 25, 2021
Beleaguered Northern Access Natural Gas Pipeline Project Clears Major Legal Hurdle

Beleaguered Northern Access Natural Gas Pipeline Project Clears Major Legal Hurdle

The long-delayed Northern Access expansion project, which would move more natural gas out of Appalachia, cleared a major legal obstacle Tuesday when a federal appeals court found New York state regulators waived their authority to issue a crucial water quality certification (WQC) for the pipeline. The U.S. Court of Appeals for the Second Circuit upheld…

March 24, 2021
U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville

U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville

The U.S. rig count eased one unit lower to 402 for the week ending Friday (March 12) as increases in the Permian Basin and Utica Shale partially offset declines in the Marcellus and Haynesville shales, according to updated data from Baker Hughes Co. (BKR). The total number of domestic natural gas-directed rigs remained unchanged at…

March 12, 2021
Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

A federal judge has halted oil and gas development in Ohio’s Wayne National Forest (WNF) after a ruling last year found the Bureau of Land Management (BLM) and the U.S. Forest Service (USFS) failed to adequately consider the impact of unconventional development when they opened the land for drilling. The U.S. District Court for the…

March 11, 2021
Chesapeake Reaches $5.3M Settlement with Pennsylvania Over Royalties Dispute

Chesapeake Reaches $5.3M Settlement with Pennsylvania Over Royalties Dispute

The Pennsylvania Attorney General’s (AG) Office has reached a $5.3 million settlement with Chesapeake Energy Corp. to resolve claims that the company deceived landowners and underpaid royalties on natural gas production. The settlement, which comes more than five years after the state filed a lawsuit, requires Chesapeake to pay restitution to landowners in Northeast Pennsylvania…

March 9, 2021
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