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…
Marcellus
Articles from Marcellus
MPLX Sees Continued Natural Gas Growth in Permian, Bakken Despite Lower Prices
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…
Ohio Slaps ‘Green’ Label on Natural Gas as ‘An Opinion Statement,’ Says Governor
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…
MPLX Bullish on Natural Gas Growth as Permian, Marcellus Bottlenecks Targeted
MPLX LP is bumping up its capital spending by $50 million in 2023 to work toward debottlenecking pipeline constraints and expanding gathering and processing (G&P) capacity in the Permian Basin, as well as the Bakken and Marcellus shales. MPLX has set aside $800 million of growth capital for the year, with another $150 million earmarked…
Natural Gas Price Volatility ‘Simply Noise’ for Heavily Hedged CNX, Says CEO
Appalachian Basin pure-play CNX Resources Corp. is aiming to lock in elevated natural gas prices and protect itself from market swings through an aggressive hedging strategy, CEO Nick Deluliis said Thursday. Deluliis hosted a conference call to discuss fourth-quarter and full-year 2022 results for Canonsburg, PA-based CNX. He said “from a macro perspective, we expect…
Ohio Law Labels Natural Gas ‘Green,’ but What Does It Mean?
Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine earlier this 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 last month, with the primary goal of ensuring…
Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations
Three of the Appalachian Basin’s leading upstream and midstream operators on Wednesday announced a new coalition aimed at better monitoring and reducing methane emissions throughout the Marcellus and Utica shales. Chesapeake Energy Corp., EQT Corp. and Equitrans Midstream Corp. launched the Appalachian Methane Initiative (AMI). The coalition said it would work to identify and fix…
Patterson-UTI Renews U.S. Drilling Contracts with ‘More Favorable Pricing than Expected’
Houston-based Patterson-UTI Energy Inc. expects to record net income of $100 million-plus for 4Q2022, a sharp turnaround from year-ago losses as Lower 48 drilling expands. The oilfield services company, which previewed earnings on Wednesday, had reported net losses for the fourth quarter of 2021. “In contract drilling, average rig revenue per day benefited primarily from…
Domestic Oil, Natural Gas Permitting Slumps in November, but Trajectory for Record Year
U.S. oil and gas permitting fell for the second month in a row in November, but it continues on track for a year-end high, according to Evercore ISI. The domestic permit count declined by 7% month/month (m/m) last month, down by 245. The pullback came after October slumped by 16% from September. Still, the permit…
Pennsylvania Cites Shell Cracker for Emissions Violations Tied to Flaring
The Pennsylvania Department of Environmental Protection (DEP) has issued a notice of violation to Shell Chemicals Appalachia LLC for exceeding its air pollutant limits after operations began at its ethane cracker near Pittsburgh. Shell started operations at the massive complex in November. DEP said emissions of volatile organic compounds (VOC) exceeded the limits of its…