Marcellus

New FERC Chairman Signals Stricter Standards for Further MVP Construction Authorizations

New FERC Chairman Signals Stricter Standards for Further MVP Construction Authorizations

FERC in its monthly meeting Tuesday failed to pass three draft orders for Mountain Valley Pipeline LLC (MVP), a move that could augur poorly for the developer’s expectations to quickly complete construction amid the transition to Democratic leadership at the agency. In recent months, MVP has sought the Federal Energy Regulatory Commission’s blessing to continue…

January 21, 2021
FERC Dems Criticize ‘Piecemeal’ MVP Construction, Possibly Stalling Future Authorizations

FERC Dems Criticize ‘Piecemeal’ MVP Construction, Possibly Stalling Future Authorizations

FERC in its monthly meeting Tuesday failed to pass three draft orders for Mountain Valley Pipeline LLC (MVP), a move that could augur poorly for the developer’s expectations to quickly complete construction amid the transition to Democratic leadership at the agency. In recent months, MVP has sought the Federal Energy Regulatory Commission’s blessing to continue…

January 20, 2021
U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

The U.S. natural gas rig count rose one unit to 84 for the period ending Friday (Jan. 8), while gains in the oil patch saw the overall domestic drilling tally surge higher, according to the latest weekly numbers published Friday by oilfield services provider Baker Hughes Co. (BKR). In the United States, drillers added eight…

January 8, 2021
Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…

December 31, 2020
Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania’s unconventional natural gas production in the third quarter hit 1.751 Tcf, an increase of only 2% from the same period last year and the lowest annual growth rate on record as operators continued to pare activity throughout a tumultuous year. Production increased slightly from 2Q2020 volumes of 1.717 Tcf, according to the Pennsylvania Independent…

November 25, 2020
Natural Gas Output to Continue Falling in Seven Key Lower 48 Regions, EIA Says

Natural Gas Output to Continue Falling in Seven Key Lower 48 Regions, EIA Says

Natural gas production from seven key U.S. onshore regions is set to drop from November to December, extending a trend of falling output that has held for most of 2020, according to data published Monday by the Energy Information Administration (EIA). In the latest monthly release of its Drilling Productivity Report (DPR), EIA said it…

November 17, 2020
EQT to Pay $735M for Chevron’s Natural Gas-Rich Assets in Appalachia

EQT to Pay $735M for Chevron’s Natural Gas-Rich Assets in Appalachia

EQT Corp., the Lower 48’s largest natural gas producer, said Tuesday it would acquire all of Chevron Corp.’s Appalachian assets in the Marcellus Shale for $735 million.  Expected to be completed by year’s end, the sale includes 450 MMcfe/d of production, 335,000 net acres, 100 wells in progress, two water systems and associated infrastructure in…

October 27, 2020
Trump Targets Biden’s Stance on Drilling in Pennsylvania as Election Day Nears

Trump Targets Biden’s Stance on Drilling in Pennsylvania as Election Day Nears

In a final push to win Pennsylvania, among a handful of battleground states crucial for his re-election chances, President Trump this week ramped up attacks on rival and Democratic nominee Joseph R. Biden Jr. over hydraulic fracturing, aka fracking. Following a slew of television and online advertisements striking at Biden’s energy stances, Trump held several…

October 27, 2020
$5 Henry Hub Natural Gas Possible on Colder Winter, Says Morgan Stanley

$5 Henry Hub Natural Gas Possible on Colder Winter, Says Morgan Stanley

Record natural gas production declines and a potential rebound in winter demand could create the tightest market of the past decade, with Henry Hub prices soaring to $5.00/MMBtu if weather is colder than normal, according to Morgan Stanley. Researchers said that the precipitous drop in oil prices has stalled growth in the “free” associated gas…

October 6, 2020
Natural Gas-Rich Haynesville, Marcellus Add Rigs as U.S. Posts Small Gain

Natural Gas-Rich Haynesville, Marcellus Add Rigs as U.S. Posts Small Gain

Boosted by gains in the Haynesville and Marcellus shales, the U.S. rig count added one unit overall to finish at 255 for the week ending Friday (Sept. 18), according to the latest figures from Baker Hughes Co. (BKR). The addition of two natural gas-directed rigs in the United States offset the departure of one oil-directed…

September 18, 2020
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