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Utica Shale

CNX Still Sees Utica Shale in Longer-Term Growth Plan

CNX Still Sees Utica Shale in Longer-Term Growth Plan

CNX Resources Corp. got a lift from stronger first quarter commodity prices as it continued executing on a broader seven-year plan it laid out in 2020. The company said free cash flow (FCF), up for the fifth consecutive quarter, came in at $101 million. It has also increased its full-year FCF guidance to $450 million…

April 30, 2021
As Appalachia Natural Gas Certification Expands, EQT Eyeing ‘Differentiated Markets’

As Appalachia Natural Gas Certification Expands, EQT Eyeing ‘Differentiated Markets’

Appalachian Basin giant EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene…

April 18, 2021
U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

Another round of healthy gains in the oil patch pushed the U.S. rig count six units higher to 417 for the week ended Friday (March 26), according to data from oilfield services provider Baker Hughes Co. (BKR). After adding nine rigs in the previous week, the domestic oil patch picked up an additional six rigs…

March 26, 2021
Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

Federal Judge Deals Another Setback to Oil, Natural Gas Development in Ohio National Forest

A federal judge has halted oil and gas development in Ohio’s Wayne National Forest (WNF) after a ruling last year found the Bureau of Land Management (BLM) and the U.S. Forest Service (USFS) failed to adequately consider the impact of unconventional development when they opened the land for drilling. The U.S. District Court for the…

March 11, 2021
U.S. Natural Gas Production Fell 1% in 2020 Amid Pandemic, Lower Prices, EIA Says

U.S. Natural Gas Production Fell 1% in 2020 Amid Pandemic, Lower Prices, EIA Says

U.S. annual natural gas production in 2020 declined 1% year/year and averaged 111.2 billion Bcf/d, a reflection in part of the pullback in drilling activity following the demand destruction and downward pressure on prices caused by the coronavirus pandemic. In releasing its latest 2020 estimate, measured by gross withdrawals, the U.S. Energy Administration (EIA) also…

March 2, 2021
Antero Partnering with Quantum to Fund Some Marcellus Development Through 2024

Antero Partnering with Quantum to Fund Some Marcellus Development Through 2024

Appalachian pure-play Antero Resources Corp. has entered a drilling partnership worth up to $550 million with an affiliate of Quantum Energy Partners to fund a portion of its Marcellus and Utica shale development through 2024.  Under the deal, QL Capital Partners would fund 20% of Antero’s development capital spending in 2021 and 15-20% from 2022…

February 23, 2021
Low Natural Gas, Oil Prices Break Two-Year Uptrend for Proved U.S. Reserves, Says EIA

Low Natural Gas, Oil Prices Break Two-Year Uptrend for Proved U.S. Reserves, Says EIA

A two-year trend of rising proved reserves of natural gas and oil in the United States ground to a halt amid a decline in prices in 2019, according to the Energy Information Administration (EIA). Natural gas proved reserves decreased 1.9% year/year in 2019 to 494.9 Tcf from 504.5 Tcf. This is the first annual decrease…

January 11, 2021
Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…

December 31, 2020
Natural Gas Output to Continue Falling in Seven Key Lower 48 Regions, EIA Says

Natural Gas Output to Continue Falling in Seven Key Lower 48 Regions, EIA Says

Natural gas production from seven key U.S. onshore regions is set to drop from November to December, extending a trend of falling output that has held for most of 2020, according to data published Monday by the Energy Information Administration (EIA). In the latest monthly release of its Drilling Productivity Report (DPR), EIA said it…

November 17, 2020
Trump Targets Biden’s Stance on Drilling in Pennsylvania as Election Day Nears

Trump Targets Biden’s Stance on Drilling in Pennsylvania as Election Day Nears

In a final push to win Pennsylvania, among a handful of battleground states crucial for his re-election chances, President Trump this week ramped up attacks on rival and Democratic nominee Joseph R. Biden Jr. over hydraulic fracturing, aka fracking. Following a slew of television and online advertisements striking at Biden’s energy stances, Trump held several…

October 27, 2020
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