Marcellus

North Carolina’s Republican-majority lawmakers on Tuesday overturned Gov. Roy Cooper’s (D) veto of House Bill 600, which would streamline water quality requirements for the extension of the Mountain Valley Pipeline (MVP). The move gives a boost to MVP’s extension plans, known as the MVP Southgate Project. North Carolina regulators denied a water quality permit for…

A recent report indicated that natural gas production from the Appalachian Basin peaked in 2022, but U.S. Energy Information Administration (EIA) data show that marketed output increased through the beginning of 2023.  In the report, Frackalachia Update: Peak Natural Gas and the Economic Implication for Appalachia, Ohio River Valley Institute (ORVI) researcher Sean O’Leary noted…

The U.S. Court of Appeals for the Fourth Circuit has dismissed multiple lawsuits challenging Mountain Valley Pipeline LLC (MVP) permits, conceding that Congress stripped the court of its jurisdiction as part of a deal to raise the debt ceiling earlier this summer. However, Justices Roger L. Gregory, Stephanie D. Thacker and James Andrew Wynn raised…

Lower 48 independent Coterra Energy Inc. exceeded production guidance during the second quarter across the board – for natural gas, oil and liquids – lifted by outperformance in well results and a 9% jump in Marcellus Shale natural gas volumes. “This beat was driven by many factors, including optimization of completions design spacing, landing zone…

Southwestern Energy Co. said a combination of activity cuts, moderating inflation and operational efficiencies would cut its full-year capital spending by $200 million as it continues to navigate a volatile commodity landscape. The company now expects capital investment to be $2.0-2.3 billion this year, with full-year production of 1.65-1.70 Tcfe, or about 1% below the…

Chesapeake Energy Corp. executives said Wednesday they expect to announce more deals tied to the LNG market as the company aims to expose 15-20% of its natural gas production to international trade of the super-chilled fuel.  Earlier this year, Chesapeake clinched a tentative arrangement with global commodities trader Gunvor Group Ltd. to supply up to…

The U.S. Supreme Court on Thursday overruled a lower court to uphold key federal authorizations issued to Mountain Valley Pipeline LLC (MVP), a major legal victory for the project as it seeks to complete construction this year. A brief order handed down by the nation’s highest court Thursday vacated stays issued earlier this month by…

Houston-based NexTier Oilfield Solutions Inc. has maintained “relatively consistent activity” even as the U.S. rig count declined, with the oilfield services outlook more positive into 2024 as global demand rises, CEO Robert Drummond said Wednesday. With the slump in commodity prices this year, the U.S. land industry has slowed its roll. As of last Friday…

Range Resources Corp., whose fortunes are tied to the Marcellus Shale, faced headwinds during the second quarter on weaker natural gas prices, but longer-term fundamentals are stronger as global demand grows, CEO Dennis Degner said Tuesday. The Fort Worth, TX-based Appalachian pure-play, a leading U.S. natural gas producer, expects natural gas and natural gas liquids…