Utica Shale

Rex Energy Corp.’s proved reserves increased 37% to 849.8 Bcfe at the end of 2013, mostly due to its Marcellus Shale operations in central and western Pennsylvania, the company said.

Antero Resources Corp. continues to grow its holdings in the Appalachian Basin, reinforcing its position as one of the region’s most active drillers by reporting on Tuesday a 78% increase in proved reserves and a 62% increase in proved, probable and possible (3P) reserves at the end of last year.

A quartet of Marcellus and Utica shale producers has signed up for all of the capacity — 550,000 Dth/d — on what would be a new pipeline route out of Ohio to the Gulf Coast.

American Energy Partners LP (AEP-LP) announced Monday that one of its affiliates has signed three separate agreements to purchase approximately 130,000 net acres in the southern Utica Shale, boosting its position there to 260,000 net acres.

Consol Energy Inc. on Friday said its fourth quarter earnings were a preview of how the company will grow in the next three years, billing them as the first strong indicator of how the company will perform financially in the post-coal era.

Canonsburg, PA-based Rice Energy Inc. has completed its initial public offering (IPO) of 50 million shares of common stock, netting $594.5 million and capping its first week of trading on the New York Stock Exchange with its share price finishing nearly 12% higher than when it launched.

The word “Marcellus” doesn’t need a translation anywhere in the world; now all its developers have to do is find new markets for their products.

Analysts say American Energy Partners LP (AEP-LP) is the company buying 74,000 acres in the Utica Shale from Hess Corp., adding that such a move makes sense given AEP-LP’s appetite for assets in the shale play and a simultaneous decision to secure equity commitments.

Antero Resources LLC expects Appalachian-centered production to average 925-975 MMcfe/d net this year, a 75-85% increase over 2013, with around 18 rigs running in the Marcellus and Utica shales — two more than a year ago.