Utica Shale

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 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.

Kinder Morgan’s Tennessee Gas Pipeline (TGP) is making the most out of the booming production from the Marcellus Shale with multiple backhaul/reversal projects. Meanwhile, that booming production and the bitter cold winter drove record throughput volumes in the company’s gas pipeline segment.

An analysis conducted by Ernst & Young LLP (EY) on behalf of a trade group representing top executives from Ohio’s leading businesses has concluded that a proposed severance tax increase would leave its effective rate the lowest among the nation’s leading oil and gas producing states.

Financial analysts had mixed views after leaving PDC Energy Inc.’s analyst day in New York City Thursday, with many expressing disappointment over the company’s long-awaited Utica Shale type curves and unchanged 2014 guidance.

Staff members of Ohio’s Muskingum Watershed Conservancy District (MWCD) plan to recommend on Friday that the board of directors reduce annual property tax assessments beginning in 2015, on the grounds that the district is bringing in more revenue from oil and gas leases in the Utica Shale.

The stubborn cold of last winter that buoyed natural gas prices and wells that keep flowing at surprising rates, combined with a slowly breaking bottleneck and a race to push the play’s boundaries beyond Ohio in search of more liquids once again has the spotlight growing brighter on the Utica Shale.

Pure-play Appalachian operator Antero Resources Corp. on Monday announced several significant additions to its firm transportation portfolio and midstream infrastructure that have its forward-looking basis differentials improving and its skyrocketing production heading in more directions.

The Ohio Department of Natural Resources (ODNR) on Friday took an unprecedented step to establish what is believed to be the country’s first set of permitting conditions for hydraulic fracturing (fracking) in horizontal wells near fault lines or areas of previous seismic activity.