Marcellus

The U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the period included the addition of five oil-directed…

The U.S. natural gas drilling count rose three units to 117 for the period ending Wednesday (Nov. 22) as the Haynesville and Marcellus shales picked up rigs, Baker Hughes Co. (BKR) data show. Oil-directed drilling was unchanged at 500 rigs in the United States for the period, while the addition of one miscellaneous unit helped…

Overall natural gas production from seven major U.S. onshore regions is expected to recede from November to December but remain robust at just under 100 Bcf/d, according to updated modeling published Monday by the U.S. Energy Information Administration (EIA). The agency’s latest monthly Drilling Productivity Report (DPR) projected combined December production of 99.638 Bcf/d from…

Faster cycle times and strong well productivity drove a production beat for multi-basin independent Coterra Energy Inc. during the third quarter, a performance that led the explorer to increase guidance for the year.  The Houston-based exploration and production (E&P) giant, which works in the Anadarko and Permian basins, as well as the Marcellus Shale, expects…

MPLX LP management said development costs in the Permian Basin and Marcellus Shale remain conducive for drilling activity, and the long-term production outlook for its producer customers provides the midstream company with a steady source of growth opportunities. MPLX is progressing on its 2023 capital spending programs, which include allocations of $800 million for growth…

Chesapeake Energy Corp. has turned to another global commodity trader to help expose more of its U.S. natural gas production to international markets, inking a tentative deal with Vitol Inc. to sell up to 1 million metric tons/year (mmty) of LNG. The heads of agreement (HOA) follows one that Chesapeake signed earlier this year with…

The management team of Antero Resources Corp. expects a slew of demand and supply side factors to align in a bullish pattern for U.S. natural gas prices over the next year. CEO Paul Rady outlined his reasoning upon announcing third quarter earnings for the Appalachian Basin pure-play. “On the macro front, we see natural gas…

Equitrans Midstream Corp. management remains upbeat about the long-term fundamentals underpinning the Mountain Valley Pipeline (MVP) despite recently postponing the project’s expected in-service date and upwardly revising its projected cost.  Canonsburg, PA-based Equitrans has moved the targeted start-up date for the embattled 2 Bcf/d natural gas conduit to early 2024 from late 2023, and the…

EQT Corp. said Thursday that it has signed two major sales agreements covering all the capacity it has booked on the Mountain Valley Pipeline (MVP) system, which it expects to enter service early next year.  “These are two of the largest long-term physical supply deals ever executed in the North American natural gas market,” CEO…