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Utica Shale

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

June 15, 2020
Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia pure-play CNX Resources Corp. plans to increase some of its previously curtailed natural gas production beginning in July, with additional adjustments to be made as conditions warrant.

June 12, 2020
MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

The beleaguered Mountain Valley Pipeline (MVP), one of the last major greenfield projects pending to move natural gas from the Marcellus and Utica shales, is almost at the finish line, but more delays and cost overruns are likely, according to the operator.

June 12, 2020
Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Protracted low West Texas Intermediate (WTI) oil prices may lead exploration and production operators to look beyond the Permian Basin to make up for a shortfall in associated gas to service domestic demand and export needs, giving other Lower 48 areas a needed boost, the International Energy Agency (IEA) said Wednesday.

June 11, 2020
U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline

U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline

The Permian Basin in May reported the largest monthly decline in oil and gas permits ever, down 47% from April, as applications by large-cap operators fell to their lowest levels in history, off by almost three-quarters, Evercore ISI said Tuesday.

June 9, 2020
Gulfport Cuts Output Guidance on Shut-ins, Reduces Midstream, Workforce Expenses Amid Downturn

Gulfport Cuts Output Guidance on Shut-ins, Reduces Midstream, Workforce Expenses Amid Downturn

Gulfport Energy Corp. said Tuesday it would cut this year’s oil and gas production guidance slightly to reflect shut-ins and deferred completions in anticipation of better commodity prices later this year and next.

June 2, 2020
U.S. Drops 17 Rigs, with 14 Lost in Permian, as Rate of Decline Slows

U.S. Drops 17 Rigs, with 14 Lost in Permian, as Rate of Decline Slows

The U.S. rig count fell another 17 rigs to drop to 301 during the week ended Friday (May 29), another sharp weekly decline that nonetheless suggests a flattening of the recent downward trajectory in onshore activity.

May 29, 2020
Pennsylvania VOC Emission Crackdown Eyed from Existing Natural Gas, Oil Infrastructure

Pennsylvania VOC Emission Crackdown Eyed from Existing Natural Gas, Oil Infrastructure

Emissions from Pennsylvania’s existing natural gas and oil infrastructure, including at Marcellus and Utica shale sites, are facing more stringent oversight under a draft proposal.

May 26, 2020
EQT Slashing Appalachian Natural Gas Output by 1.4 Bcf/d

EQT Slashing Appalachian Natural Gas Output by 1.4 Bcf/d

Equitrans Midstream Corp. said in a regulatory filing on Monday that its largest customer, EQT Corp., has started temporarily curtailing 1.4 Bcf/d of production in Ohio and Pennsylvania.

May 19, 2020
Oil, Natural Gas Production from Key Lower 48 Plays Down Again in June, Says EIA

Oil, Natural Gas Production from Key Lower 48 Plays Down Again in June, Says EIA

Oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in June compared with May, a second consecutive decline, as the impacts of the coronavirus pandemic continue to echo through the economy, according to the Energy Information Administration (EIA).

May 18, 2020