Utica Shale

Marcellus, Utica Output on Pace to Increase 3.6 Bcf/d from 2012

Barclays Capital’s energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014.

August 15, 2013

Lawmaker Seeks Repeal of Controversial Portion of Drilling Law

A Pennsylvania lawmaker wants to repeal a controversial section of a new drilling law — as well as portions of state law dating back to 1961 — to protect landowners from what she says amounts to forced pooling.

August 14, 2013

Northeast Basis Disparities ‘Continue Indefinitely,’ Says Credit Suisse

The elephant named Marcellus that has been sitting on Northeast-Henry Hub basis isn’t about to move along, and what used to be a premium market will see trades discounted to the U.S. gas benchmark for a while, analysts at Credit Suisse said in a note Tuesday.

August 14, 2013
EVEP Lands First Utica Sale For $284M; 2Q Net Income Jumps 120%

EVEP Lands First Utica Sale For $284M; 2Q Net Income Jumps 120%

Nearly one year after it started looking for buyers for some of its acreage in Ohio’s Utica Shale, EV Energy Partners LP (EVEP) and its partnerships have made their first sale, agreeing to part with 22,535 net acres in the wet gas window for $284.3 million, the company said Friday.

August 13, 2013

MarkWest, Kinder Mount Challenge to Bluegrass NGL Pipeline

Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC (MarkWest Utica) are putting up a $2 billion y-grade natural gas liquids (NGL) processing and transportation combo project that competes with the Bluegrass Pipeline, which has been proposed by Boardwalk Pipeline Partners LP and Williams.

August 9, 2013

Michigan Chamber Attempting to Stem Anti-Fracking Movement

The Michigan Chamber of Commerce on Monday launched a campaign to educate voters about the state’s oil and natural gas business in an attempt to prevent any municipal or legislative bans on unconventional drilling.

August 6, 2013

Halcon Plans Up to 500 Wells, Oil Rail Terminal in Utica

 Halcon Resources Corp. said an exploratory well targeting the Utica Shale has been producing more than 2,000 boe/d. The company said it plans to spend "significant time" in the play, where it has the acreage to drill up to 500 gross wells.

August 5, 2013

Analyst Sees More Gas Demand On the Way

Demand between now and 2015 will prop up natural gas prices, even with a backlog of drilled wells awaiting connection, and from 2016 to 2018 a “dramatic structural increase” in demand could outpace supply additions and send gas prices to as high as $6.00/MMBtu, BNP Paribas’ Teri Viswanath, director of commodity strategy, said Friday.

August 5, 2013
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