Consol Energy Inc. grew its Marcellus Shale production by about 94% during the first quarter of 2014, and executives said the company plans to expand the use of reduced cluster spacing (RCS) and short stage lengths (SSL) over the course of the year.
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BP Writing Off Utica on ‘Disappointing Appraisal Results’
BP plc is taking a $521 million impairment on its Utica Shale acreage in Ohio and will not proceed with development in the play, top management said Tuesday.
Range Extends Marcellus Production Lead With Super-Rich Well
Already considered the leader of the pack in the Marcellus Shale, Range Resources Corp. padded its lead in the play during 1Q2014 with record-setting production from one super-rich well in southwestern Pennsylvania and decreasing well costs.
Marcus Hook A Better Bet For Northeast Ethane Exports, Sunoco Exec Says
Sunoco Logistics Partners LP said that as its former crude oil refinery in Marcus Hook, PA, along the Delaware River south of Philadelphia, transforms into a major East Coast export terminal, it could soon rival similar facilities along the Gulf Coast and provide a number of advantages to Northeast oil and gas producers.
EQT Corp. Growing Uncertain About Future In Utica Shale
While numbers persistently climb under the line-item for Marcellus Shale production on EQT Corp.’s balance sheet and growth rates dominate its quarterly earnings calls with analysts, the first quarter talk on Thursday was pointedly focused on the company’s future in Ohio’s Utica Shale.
Marcellus-Utica to Be 25 Bcf/d Duo by 2020, Says ICF
Marcellus Shale gas production growth “continues unabated,” while Utica Shale gas output has also seen “significant growth,” prompting ICF International to lift its output expectation for the combined plays to 25 Bcf/d by 2020.
Utica Gas Production Climbed Significantly in 4Q, Far Outpacing Oil Volumes
Fourth quarter natural gas production in Ohio’s Utica Shale reached 43.1 Bcf, an increase of 28% from 3Q2013, according to a report released Friday by the Ohio Department of Natural Resources (ODNR).
Gulfport Appoints New CEO as Company Looks All-In on the Utica
After a nearly three-month nationwide search for a new CEO, Gulfport Energy Corp. on Wednesday named in-house candidate Michael G. Moore to fill the position after an interim period of success since he took over the role from James Palm, who retired in February.
Antero Resources Acquires Nearly 7,000 Prime Acres in Southeast Ohio
After months of negotiations, a lease that would provide Antero Resources Corp. with limited surface rights and access to nearly 7,000 acres of prime land in Belmont and Harrison counties, OH, has been approved by the Muskingum Watershed Conservancy District’s (MWCD) board of directors.
Magnum Hunter Exits Canada, Narrowing Focus On the Appalachian Basin
Magnum Hunter Resources Corp. on Tuesday announced a definitive agreement to sell subsidiary Williston Hunter Canada Inc. and its last remaining oil and gas properties in Canada for $67.5 million as part of a strategy to dump more capital into its core assets in the Appalachian Basin.