Marcellus

Natural Gas Generation Dominates in PJM as Emissions Fall to Record Lows

Natural Gas Generation Dominates in PJM as Emissions Fall to Record Lows

PJM Interconnection, the largest U.S. regional transmission organization (RTO), recorded all-time lows for various greenhouse gas emissions last year while natural gas-fired generation continued to grow as the Mid-Atlantic region’s primary power source.  PJM, the RTO managing the electric grid for 13 Mid-Atlantic states and Washington, DC, said carbon dioxide (CO2) emissions in 2023 tumbled…

April 23, 2024
EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position

EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position

EQT Corp., the nation’s largest natural gas producer, is swapping some Pennsylvania holdings in the Marcellus Shale in an exchange with Norway’s Equinor ASA, which is handing off its operations in Ohio and paying $500 million to balance the overall transaction. The agreement with Equinor USA Onshore Properties Inc. and affiliates includes 100% of its…

April 15, 2024
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…

March 28, 2024
EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Corp., the No. 1 natural gas producer in the United States, isn’t resting on its laurels. The gas giant is continuing to eye a potential East Coast LNG project, but it’s venturing into the artificial intelligence (AI) market, to gain a slice of the data center power market. Executive Vice President Rob Wingo, who…

March 26, 2024
Appalachia, Haynesville Natural Gas Production Seen Falling into April, EIA Data Show

Appalachia, Haynesville Natural Gas Production Seen Falling into April, EIA Data Show

Natural gas production from major Lower 48 plays will hold mostly steady from March to April as oil-focused regions boost output to offset declines in the Haynesville Shale and Appalachian Basin, according to the U.S. Energy Information Administration (EIA). EIA in its latest monthly Drilling Productivity Report (DPR) modeled combined natural gas production from seven…

March 18, 2024
Deferring Lower 48 Natural Gas Activity Possible, but Not Now, Gulfport CEO Says

Deferring Lower 48 Natural Gas Activity Possible, but Not Now, Gulfport CEO Says

Oklahoma City-based Gulfport Energy Corp., 92% weighted to natural gas, plans to remain nimble this year to ensure it may “defer or accelerate” activity depending on the direction of prices. Speaking to analysts during the recent fourth quarter conference call, CEO John Reinhart said the “volatile natural gas environment reinforces the importance of developing our…

March 5, 2024
Marcellus-Focused Range Resources Eyeing Flat Natural Gas Output Amid ‘Incredibly Challenging’ Prices

Marcellus-Focused Range Resources Eyeing Flat Natural Gas Output Amid ‘Incredibly Challenging’ Prices

Appalachian Basin pure play Range Resources Corp. is targeting flat production growth in 2024 with a focus on natural gas liquids (NGL) to offset weak natural gas pricing, management said Thursday. “Near-term prices are obviously incredibly challenging for the industry, and we expect these historically low price levels should help keep a lid on natural…

February 26, 2024
Chesapeake Announces Major Natural Gas Production Cuts in Response to ‘Oversupplied Market’

Chesapeake Announces Major Natural Gas Production Cuts in Response to ‘Oversupplied Market’

Chesapeake Energy Corp. said Wednesday it would significantly slash spending and natural gas production this year in one of the biggest activity cuts announced yet for U.S. onshore operations in response to tanking prices.  The company, one of the largest natural gas producers in the Lower 48, plans to reduce capital expenditures (capex) in 2024…

February 21, 2024
Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

The U.S. natural gas rig count held steady at 121 for the week ended Friday (Feb. 16), while a decline in oil activity lowered the combined domestic drilling tally two units to 621, according to updated figures from Baker Hughes Co. (BKR). Land drilling went unchanged week/week in the United States, while the Gulf of…

February 16, 2024
EQT Not Ready to Curb Production Further as it Positions for Natural Gas Rebound

EQT Not Ready to Curb Production Further as it Positions for Natural Gas Rebound

Despite crashing prices, executives at EQT Corp. said the U.S. natural gas market is not as oversupplied as most think, suggesting the stage is being set for a rebound.  Henry Hub has traded below $2/MMBtu for seven straight sessions. The contract hasn’t been this low since June 2020 during the Covid-19 pandemic. NGI’s Weekly Spot…

February 14, 2024
‹ Previous 1 2 3 244