Marcellus

The U.S. Fish and Wildlife Service (USFWS) has issued an updated review of the Mountain Valley Pipeline (MVP) that could pave the way for the 2 million Dth/d natural gas conduit to receive further permits and complete construction this year. However, even with the updated USFWS Biological Opinion, posted to the project’s FERC docket Wednesday,…

EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia.  Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm. “Ensuring a reliable supply of energy is a challenge,…

Range Resources Corp.’s management team on Tuesday brushed aside questions about whether they’ve discussed the possibility of Pioneer Natural Resources Co. acquiring the company after reports surfaced last week.  CEO Jeff Ventura told analysts during a call to discuss year-end financial results Tuesday that a statement Pioneer issued downplaying the reports was “good news” for…

Equitrans Midstream Corp.’s (EQM) long-delayed Mountain Valley Pipeline (MVP) may gain some necessary permits within the next few months, “which will allow us then to bring MVP into service in 2023,” said CEO Thomas Karam.  EQM is expecting the biological opinion from the U.S. Fish and Wildlife Service by next Tuesday, “and based on the…

EQT Corp. continues to wait for antitrust regulators to clear its $5.2 billion acquisition of Tug Hill Inc.’s upstream and midstream assets in West Virginia, and management now expects to provide more details on the timing of the transaction around the middle of the year. The deal, which would add 800 MMcfe/d of production from…

Lower 48 natural gas-directed rigs are likely to retreat because of weak prices, Patterson-UTI Inc. CEO Andy Hendricks said Thursday. Hendricks held a conference call to share quarterly results and discuss the outlook for contract drilling services, the company’s forté. At the end of January, the company had 130 rigs on average working in the…

With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, the agency modeled…

MPLX LP management said strong natural gas demand is providing optimism for continued volume growth on its midstream systems in 2023 despite a steady decline in prices since the summer. MPLX has set aside $800 million of growth capital for the year, with a particular focus on debottlenecking and expansion projects in the Permian Basin…

Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine last month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office.  HB 507 passed the Ohio Senate in December, with the primary goal of ensuring state…