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.
Articles from Utica Shale
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.
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.
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.
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.
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.
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.
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.
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.
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).