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Utica Shale

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Plans for an underground natural gas liquids (NGL) storage facility in Ohio seen as key to the region’s petrochemical build-out have moved another step closer to reality as the backer of a multi-billion dollar ethane cracker has signed a preliminary agreement to further its development.   Energy Storage Ventures LLC (ESV) and an affiliate of Thailand’s…

July 27, 2020
Montage Strikes Deal to Sell Utica Gathering Infrastructure

Montage Strikes Deal to Sell Utica Gathering Infrastructure

Appalachian pure-play Montage Resources Corp. has agreed to sell noncore natural gas gathering assets in Ohio’s Utica Shale to an undisclosed company for $25 million.  Montage said an international company agreed to purchase the infrastructure, which is in a condensate development area. The transaction is expected to close in 4Q2020. Proceeds would be used to…

July 27, 2020
Utica, Haynesville Down as U.S. Drops Five Rigs

Utica, Haynesville Down as U.S. Drops Five Rigs

A drop-off in the Utica and Haynesville shales saw the U.S. rig count fall five units to finish at 253 for the week ending Friday (July 17), according to the latest figures from Baker Hughes Co. (BKR). Four natural gas-directed rigs exited the patch in the United States during the week, joined by one oil-directed…

July 17, 2020
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
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