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Utica Shale

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Dealmaking in the United States within the upstream oil and gas sector staged a slight recovery in the second quarter, with three of five deals in Appalachia, but the period still ranks as the third lowest in quarterly value since 2009, according to Enverus. The data analytics company in its summary of 2Q2020 U.S. upstream…

July 6, 2020
Ohio Utica Production Falls Off in Tough First Quarter for Operators

Ohio Utica Production Falls Off in Tough First Quarter for Operators

Ohio’s unconventional oil and natural gas production declined sharply in the first quarter as operators grappled with a challenging period in which energy demand crumbled due to the coronavirus pandemic and commodity prices followed with a historic decline.

June 19, 2020
U.S. Supreme Court Ruling Bolsters ACP, but Obstacles Remain

U.S. Supreme Court Ruling Bolsters ACP, but Obstacles Remain

Even after a major court victory upheld the Atlantic Coast Pipeline’s (ACP) plans to cross the Appalachian National Scenic Trail, the latest FERC filings point to the hurdles that remain for the 600-mile, 1.5 Bcf/d project to reach the finish line.

June 19, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

June 15, 2020
Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia pure-play CNX Resources Corp. plans to increase some of its previously curtailed natural gas production beginning in July, with additional adjustments to be made as conditions warrant.

June 12, 2020
MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

The beleaguered Mountain Valley Pipeline (MVP), one of the last major greenfield projects pending to move natural gas from the Marcellus and Utica shales, is almost at the finish line, but more delays and cost overruns are likely, according to the operator.

June 12, 2020
Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Protracted low West Texas Intermediate (WTI) oil prices may lead exploration and production operators to look beyond the Permian Basin to make up for a shortfall in associated gas to service domestic demand and export needs, giving other Lower 48 areas a needed boost, the International Energy Agency (IEA) said Wednesday.

June 11, 2020
U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline

U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline

The Permian Basin in May reported the largest monthly decline in oil and gas permits ever, down 47% from April, as applications by large-cap operators fell to their lowest levels in history, off by almost three-quarters, Evercore ISI said Tuesday.

June 9, 2020
Gulfport Cuts Output Guidance on Shut-ins, Reduces Midstream, Workforce Expenses Amid Downturn

Gulfport Cuts Output Guidance on Shut-ins, Reduces Midstream, Workforce Expenses Amid Downturn

Gulfport Energy Corp. said Tuesday it would cut this year’s oil and gas production guidance slightly to reflect shut-ins and deferred completions in anticipation of better commodity prices later this year and next.

June 2, 2020
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