Rex Energy Corp. on Monday increased its full-year guidance by 2 MMcfe/d, citing better than expected production results and greater certainty in its completion and sales schedule in Pennsylvania and Ohio.
Marcellus
Articles from Marcellus
Seneca Shifting Marcellus Focus Westward, Preps for Atlantic Sunrise
Seneca Resources Corp., the exploration and production (E&P) subsidiary of National Fuel Gas Co. (NFG), said it plans to shift the focus of its Marcellus Shale operations from Lycoming County, PA, to three other counties in the western part of the state.
Range Resources Sets Sights on Sustaining 20-25% Annual Growth After Strong 2Q
Range Resources Corp. turned in another solid quarter of production and efficiency gains, with its focus at mid-year appearing to shift more toward sustaining growth by continuing to diversify its core areas in Pennsylvania and strengthening its programs in other fields across the country.
Noble Reports Offshore Discovery, Progress in DJ Basin and Marcellus
While reporting reduced year-over-year quarterly earnings, Noble Energy Inc. senior executives on Thursday talked up a 56% collective production increase for the company’s Denver-Julesburg (DJ) Basin and Marcellus Shale properties in 2Q2014 and a new exploration discovery at the Katmai prospect in the Gulf of Mexico (GOM).
Eagle Ford Helped Cabot Beat Expectations, Drive Up 2Q Liquids Production
Despite falling slightly short of its expectations in the Marcellus Shale, Cabot Oil & Gas Corp. continued making the kind of progress in the Eagle Ford Shale that surprised financial analysts and helped it to surpass their expectations for second quarter earnings and production.
EQT Outlines Plans for First Utica Well in Southwest Pennsylvania
After careful analysis and increasingly promising wells near its asset base, EQT Corp. on Thursday became the second company this year to announce that it will spud its first Utica Shale well in southwest Pennsylvania in the coming months.
Pennsylvania DEP Schedules Long-Delayed Hearings For Hilcorp’s Landmark Pooling Request
The Pennsylvania Department of Environmental Protection (DEP) has once again rescheduled two public hearings for September regarding Hilcorp Energy Co.’s request for a forced pooling order in Western Pennsylvania, in which nearby property owners and drillers will be allowed to provide testimony.
Rex Energy Gains More Land, Reserves in Appalachia
Rex Energy Corp. said Monday that its estimated proved reserves exceeded 1 Tcfe, thanks in large part to its core operating areas in eastern Ohio and Western Pennsylvania, where the company has reported increasing success in the last year or so (see Shale Daily, Jan. 16).
Pennsylvania Auditor General Report Blasts DEP, Finds Regulatory Failures
Pennsylvania’s Auditor General on Tuesday released a scathing 158-page report criticizing the state’s Department of Environmental Protection (DEP) for failing to keep pace with the breakneck rate of oil and gas development in the Marcellus Shale. It proposed dozens of fixes to improve regulatory oversight.
Oil, Gas Operations Damaged More Than 200 Water Supplies, Pennsylvania DEP Says
Operations at oil and natural gas wells in Pennsylvania harmed water supplies more than 200 times between December 2007 and May of this year, according to data compiled by the state Department of Environmental Protection (DEP).