Utica Shale

Rice Energy Inks Another Deal With Belmont County, OH

Pure-play Appalachian operator Rice Energy Inc. continues to scoop up land in Belmont County, OH, where all of its Utica Shale operations are centered, inking a more than $3.4 million deal Tuesday with county commissioners for another 424 gross acres.

June 13, 2014
EQT, NextEra Launch Marcellus/Utica Project to Serve Southeast

EQT, NextEra Launch Marcellus/Utica Project to Serve Southeast

EQT Corp. and a unit of NextEra Energy Inc. are offering capacity on a new pipeline project from the Marcellus and Utica shales to interconnecting pipelines that serve the Southeast. The 330-mile project is called Mountain Valley Pipeline.

June 12, 2014

Environmental Group Derides Sunoco Unit for Pipeline Strategy

An environmental group says Sunoco Logistics Partners LP is trying to circumvent local zoning ordinances in Pennsylvania by applying for an exemption with the Pennsylvania Public Utility Commission (PUC) for its Mariner East pipeline.

June 11, 2014

Gastar’s Midcontinent Progress Making Up For Setbacks in Appalachia

Gastar Exploration Inc. said Monday that it’s once again facing production constraints in the Marcellus Shale after its third-party midstream operator experienced another pipeline rupture in West Virginia last month, but said the problem would be offset by volumes from recently completed wells in the Midcontinent.

June 10, 2014
Still Not Convinced, Street Wants More Answers From The Utica Shale

Still Not Convinced, Street Wants More Answers From The Utica Shale

Despite the Utica Shale’s historic rise over the last five years in eastern Ohio, there remains significant uncertainty among investors who are not yet convinced by its limited data and gassy production profile, especially at a time when development elsewhere is on the upswing and the market still favors oil heavily.

June 10, 2014
American Energy In $4.25B Multi-Basin Buying Spree

American Energy In $4.25B Multi-Basin Buying Spree

Affiliates of American Energy Partners LP (AELP) are picking up acreage in Texas, Ohio and West Virginia in a trio of deals worth a combined $4.25 billion, marking American Energy’s entry into the Permian Basin and the southern Marcellus Shale, and its continued expansion in the Utica Shale.

June 9, 2014

MarkWest to Double Fractionation at Hopedale Complex in Ohio

MarkWest Energy Partners LP plans to double the propane and heavier fractionation capacity at its Hopedale complex in Harrison County, OH, with an expansion expected to be complete by the first quarter of 2015.

June 6, 2014

Rice Energy CEO Explains Why Company Is Better Than Most

Economics and long-term production are driving Rice Energy Inc., the new kid on the Marcellus-Utica block, bent on making the most of its core areas.

June 5, 2014

Range Resources Set to Begin Drilling Utica in SW Pennsylvania

Range Resources Corp. CEO Jeffrey Ventura said Wednesday at the DUG East Conference in Pittsburgh that his company is on track to soon begin drilling southwest Pennsylvania’s first unconventional Utica/Point Pleasant Shale well.

June 5, 2014

Summit Acquires More Equity Interest in Utica Midstream System

As expected, Summit Midstream Partners LLC has exercised its option to acquire a 40% interest in two companies developing midstream infrastructure in southeast Ohio, under a deal that found it entering the Utica Shale in December when it agreed to purchase the assets of Blackhawk Midstream LLC (see Shale Daily,Dec. 23, 2013).

June 4, 2014