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Utica Shale

Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets

Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets

The challenge of transporting natural gas to energy-hungry consumers in the Northeast is continuing to create opportunities and spur demand for small-scale applications and virtual pipeline services throughout the region. Despite the sharp uptick in gas production from the prolific Appalachian Basin over the last decade, pipeline constraints remain an issue in the Northeast, particularly…

July 15, 2021
Seneca, NexTier Take On Emissions Tests for Fracking Equipment

Seneca, NexTier Take On Emissions Tests for Fracking Equipment

Seneca Resources Co. LLC and NexTier Oilfield Solutions Inc. have begun a comparative carbon emissions assessment for various natural gas- and diesel-fired hydraulic fracturing (frack) equipment.  Houston-based Seneca, the exploration and production (E&P) arm of National Fuel Gas Co., produces natural gas and oil in California, the Marcellus and Utica shales.  The E&P would lead…

July 15, 2021
Rigs Added in Gulf of Mexico as U.S. Count Continues Steady Ascent

Rigs Added in Gulf of Mexico as U.S. Count Continues Steady Ascent

An uptick in drilling activity in the Gulf of Mexico (GOM) helped lift the U.S. rig count four units higher to 479 during the week ended Friday (July 9), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the week were split evenly between natural…

July 9, 2021
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
Gulfport Emerges from Bankruptcy with Strengthened Balance Sheet, Eye on Further Reducing Costs

Gulfport Emerges from Bankruptcy with Strengthened Balance Sheet, Eye on Further Reducing Costs

Six months after filing for Chapter 11 protection, Utica producer Gulfport Energy Corp. has emerged from bankruptcy with $1.20 billion wiped off its balance sheet through deleveraging and a shakeup of its management team. The exploration and production company said Tuesday it has successfully completed its restructuring process with a new board and CEO in…

May 18, 2021
Seneca Reports Big Jump in Natural Gas Production From New Pennsylvania Assets

Seneca Reports Big Jump in Natural Gas Production From New Pennsylvania Assets

Seneca Resources Co. LLC’s acquisition of the Royal Dutch Shell plc Pennsylvania assets last year helped drive a significant gain in fiscal second quarter production volumes.  Seneca last July closed on a deal to acquire 450,000 net acres across the state including 350 producing Marcellus and Utica shale wells in Tioga County. Seneca, a subsidiary…

May 11, 2021
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
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