Marcellus

Range Resources Corp. and EQT Corp., two of the Appalachian Basin’s leading operators, announced a rare asset exchange late Wednesday that finds EQT Corp. entering the Permian Basin and Range blocking up its acreage in the Nora Field of western Virginia.

Williams has enough natural gas pipeline projects in the queue to keep it profitable and busy in the long term, both in North America’s onshore and in the Gulf of Mexico, but it’s not willing to gamble on a liquids takeaway solution for Appalachia until shippers step up, CEO Alan Armstrong said Thursday.

The Marcellus Shale Coalition (MSC), which represents hundreds of exploration and production companies, midstream operators and supply chain businesses in Pennsylvania, is planning to stage the largest rally in its six-year history at the state capital next week to tout the benefits of shale gas development.

EQT Midstream Partners LP said late Wednesday it would acquire the Jupiter natural gas gathering system in southwest Pennsylvania from affiliate EQT Corp. for a larger-than-expected purchase price of $1.18 billion.

Consol Energy Inc. grew its Marcellus Shale production by about 94% during the first quarter of 2014, and executives said the company plans to expand the use of reduced cluster spacing (RCS) and short stage lengths (SSL) over the course of the year.

Rex Energy Corp. reported an 11% increase in production in 1Q2014 compared with 1Q2013, a 15% increase in propane price realizations, and earnings per share well above consensus estimates during a conference call with analysts Wednesday that was overflowing with good news.

Already considered the leader of the pack in the Marcellus Shale, Range Resources Corp. padded its lead in the play during 1Q2014 with record-setting production from one super-rich well in southwestern Pennsylvania and decreasing well costs.

Sunoco Logistics Partners LP said that as its former crude oil refinery in Marcus Hook, PA, along the Delaware River south of Philadelphia, transforms into a major East Coast export terminal, it could soon rival similar facilities along the Gulf Coast and provide a number of advantages to Northeast oil and gas producers.

Sunoco Logistics Partners LP has requested an exemption from the Pennsylvania Municipalities Planning Code that, if granted by the Pennsylvania Public Utilities Commission (PUC), would give it the status of a public utility corporation.