Utica Shale

EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Eyeing Data Center ‘Gold Rush’ for Natural Gas-Fired Power, Unleashing More LNG

EQT Corp., the No. 1 natural gas producer in the United States, isn’t resting on its laurels. The gas giant is continuing to eye a potential East Coast LNG project, but it’s venturing into the artificial intelligence (AI) market, to gain a slice of the data center power market. Executive Vice President Rob Wingo, who…

March 26, 2024
Deferring Lower 48 Natural Gas Activity Possible, but Not Now, Gulfport CEO Says

Deferring Lower 48 Natural Gas Activity Possible, but Not Now, Gulfport CEO Says

Oklahoma City-based Gulfport Energy Corp., 92% weighted to natural gas, plans to remain nimble this year to ensure it may “defer or accelerate” activity depending on the direction of prices. Speaking to analysts during the recent fourth quarter conference call, CEO John Reinhart said the “volatile natural gas environment reinforces the importance of developing our…

March 5, 2024
EQT Not Ready to Curb Production Further as it Positions for Natural Gas Rebound

EQT Not Ready to Curb Production Further as it Positions for Natural Gas Rebound

Despite crashing prices, executives at EQT Corp. said the U.S. natural gas market is not as oversupplied as most think, suggesting the stage is being set for a rebound.  Henry Hub has traded below $2/MMBtu for seven straight sessions. The contract hasn’t been this low since June 2020 during the Covid-19 pandemic. NGI’s Weekly Spot…

February 14, 2024
MVP Gauges Support for Southgate Natural Gas Extension as Mainline Shows Heartbeat

MVP Gauges Support for Southgate Natural Gas Extension as Mainline Shows Heartbeat

Mountain Valley Pipeline LLC (MVP) is conducting an open season for natural gas deliveries along its revamped Southgate extension planned for 550,000 Dth/d capacity. The non-binding open season runs through Friday (Feb. 16) and is for firm transportation service in Rockingham County, NC. MVP said it is targeting an in-service date of mid-2028. After years…

February 14, 2024
MPLX Exploring Organic Growth Opportunities in Permian, Marcellus and Utica

MPLX Exploring Organic Growth Opportunities in Permian, Marcellus and Utica

MPLX LP management said its 2024 growth outlook is anchored in the Permian Basin and Marcellus Shale, which provide steady sources of opportunities, particularly around natural gas and natural gas liquids (NGL) assets. It also sees potential in the Utica Shale. “We plan to continue growing these operations through organic projects, investment in our Permian…

February 5, 2024
Drilling Permits on the Uptick in Lower 48 Natural Gas Plays 

Drilling Permits on the Uptick in Lower 48 Natural Gas Plays 

Drilling permits in the natural gas-rich Marcellus, Utica and Haynesville shale plays showed strong month/month growth in December 2023 but remained 16% below the December 2022 total, according to the latest tally by Evercore ISI. The three formations, which together supply about 53% of Lower 48 gas output, had a combined issued permit count of…

January 30, 2024
CNX Exploring LNG, CNG, Hydrogen Opportunities to Drive Appalachian E&P Growth

CNX Exploring LNG, CNG, Hydrogen Opportunities to Drive Appalachian E&P Growth

CNX Resources Corp. expects efficiencies and new wells in the Appalachian Basin to help lower costs and maintain natural gas output in the years ahead as it explores alternative fuels.  CNX, the first Lower 48 exploration and production (E&P) company to report fourth quarter earnings, said strong execution of last year’s program, along with more…

January 29, 2024
Appalachian Natural Gas Production Ramped Up in Early 2023

Appalachian Natural Gas Production Ramped Up in Early 2023

A recent report indicated that natural gas production from the Appalachian Basin peaked in 2022, but U.S. Energy Information Administration (EIA) data show that marketed output increased through the beginning of 2023.  In the report, Frackalachia Update: Peak Natural Gas and the Economic Implication for Appalachia, Ohio River Valley Institute (ORVI) researcher Sean O’Leary noted…

August 31, 2023
Led by Texas, Energy Producing States to Share $660M to Clean Up Orphaned Natural Gas, Oil Wells

Led by Texas, Energy Producing States to Share $660M to Clean Up Orphaned Natural Gas, Oil Wells

The Biden administration is planning to invest $660 million to clean up orphaned natural gas and oil wells, with most of the funds earmarked for the energy producing states of Ohio, Pennsylvania and Texas. The goal is for the states to receive “economic growth and revitalization,” Department of Interior (DOI) officials said. The program would…

July 17, 2023
Mercuria Jumps on Zefiro’s Carbon Credit Trading Program Using Abandoned Wells

Mercuria Jumps on Zefiro’s Carbon Credit Trading Program Using Abandoned Wells

Zefiro Methane Corp., which plugs orphaned and abandoned oil and gas wells in North America to create carbon credits, has pre-sold some of the portfolio to trader Mercuria Energy America LLC.  Zefiro’s current projects include plugging abandoned or orphaned wells in the Appalachian Basin and Texas-Louisiana-Mississippi Salt Basins. “For too long, investors have not had…

July 12, 2023
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