Utica Shale

Calumet Specialty Products LP said it has acquired substantially all of the assets of one of its competitors, privately-held Specialty Oilfield Solutions Ltd. (SOS), in a cash deal valued at $30 million.

Sunoco Logistics Partners LP has been dealt an early setback in a bid to earn the status of a public utility corporation, which would exempt its Mariner East pipeline from local zoning ordinances.

The U.S. Energy Information Administration (EIA) will begin tracking oil and natural gas production in 20 Ohio counties and include those estimates in a new Utica Shale line-item in its Drilling Productivity Report (DPR) beginning on Aug. 11.

Gulfport Energy Corp.’s second quarter production dropped by a little more than 1% from the first quarter after it pulled back the reins in the Utica Shale.

Steadily improving completion techniques, declining costs in the Marcellus Shale and progress in the Utica Shale last quarter found Consol Energy Inc. achieving record production of 51.9 Bcfe, up from the 38.6 Bcfe it produced at the same time last year.

PDC Energy Inc. has agreed to sell its half-interest in a Marcellus Shale joint venture (JV) to privately owned Mountaineer Keystone Energy LLC for $250 million, leaving behind a dry gas program mostly neglected in favor of boosting its liquids production in other fields.

Range Resources Corp. turned in another solid quarter of production and efficiency gains, with its focus at mid-year appearing to shift more toward sustaining growth by continuing to diversify its core areas in Pennsylvania and strengthening its programs in other fields across the country.

Despite falling slightly short of its expectations in the Marcellus Shale, Cabot Oil & Gas Corp. continued making the kind of progress in the Eagle Ford Shale that surprised financial analysts and helped it to surpass their expectations for second quarter earnings and production.

Magnum Hunter Resources Corp. confirmed Friday that it has acquired 1,700 net acres in Monroe County, OH, and Ohio and Wetzel counties, WV, from bankrupt aluminum producer Ormet Corp. in a deal that it said would allow it to drill an additional 15 fully operated Marcellus and Utica shale wells.