Marcellus

Pennsylvania collected $278.9 million in impact fees from unconventional natural gas producers last year, the highest amount on record after prices continued increasing and more shale wells were drilled.  Producers paid $44 million more for the 2022 reporting year than they did in 2021, according to the state’s Public Utility Commission (PUC). The PUC attributed…

Mountain Valley Pipeline LLC (MVP) developers got a boost with a new water permit that could help the long-delayed and contentious natural gas pipeline reach completion by the end of the year. West Virginia regulators last week said that after a thorough review, the project complied with state water quality requirements. The West Virginia Department…

Despite a steep drop in natural gas prices since the beginning of the year, Chesapeake Energy Corp. has no plans for now to cut activity further in 2023 as management sees an opportunity to be better positioned for a rebound in 2024.  “We believe our financial flexibility is a competitive strength, and we intend to…

Range Resources Corp.’s outgoing CEO Jeff Ventura was upbeat about the long-term prospects of the company and the Marcellus Shale in his final quarterly earnings call with the firm on Tuesday (April 25). Ventura and his management team highlighted Range’s liquids-rich, low-cost Appalachian Basin pure-play portfolio, as well as the importance of natural gas to…

EQT Corp. is launching a nature-based carbon offset initiative, a first for the No. 1 natural gas producer in the United States, to reduce emissions from the atmosphere.  The Pennsylvania-based independent is partnering with the Wheeling Park Commission in West Virginia, along with Teralytic and Climate Smart Environmental Consulting LLC, to begin the carbon offset…

The U.S. Court of Appeals for the Fourth Circuit has upheld a crucial water quality permit issued to the Mountain Valley Pipeline (MVP) by Virginia state regulators, keeping the project on track to potentially resume and complete construction later this year. However, a forthcoming ruling on a water quality permit issued by the state of…

Nearly 3,000 permits were issued in February to explore for U.S. oil and gas, a slight increase from January but down nearly 9% from a year ago, according to state and federal data. Evercore ISI, which tracks oil and gas permitting data, said 2,929 permits gained approval in February, up by 211 or 8% from…

EQT Corp. may be the nation’s largest natural gas producer, but it’s all in on sustainability and the energy transition. That said, natural gas is part of the solution, not the problem, a top executive said. General counsel Will Jordan recently met with NGI in Houston at CERAWeek by S&P Global. He shared insight into…

Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began, according to the state’s Independent Fiscal Office (IFO). This was the fourth consecutive quarter in which production did not increase on a yearly basis, according to the IFO’s Natural Gas Production Report compiled…