Utica Shale

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.

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.

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.

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.

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.

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.

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.

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.

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.