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Utica Shale

U.S. Oil, Gas Permitting at Record Low in April, but Strengthening Seen in Early May

U.S. Oil, Gas Permitting at Record Low in April, but Strengthening Seen in Early May

The collapse in drilling activity deepened in April, with permitting for oil and natural gas wells at a record low, but there are glimmers of gains so far this month, according to an analysis by Evercore ISI.

May 14, 2020
Antero, NFG Announce Further Activity Cuts as Pandemic Wears On

Antero, NFG Announce Further Activity Cuts as Pandemic Wears On

Planned production curtailments and delayed well completions continue to grow in the Appalachian Basin as more exploration and production (E&P) companies are continuing to announce less activity in the face of Covid-19 and the corresponding slide in commodity prices.

May 5, 2020
Cabot, Southwestern to Curtail Some Production, but See Natural Gas Prices Increasing

Cabot, Southwestern to Curtail Some Production, but See Natural Gas Prices Increasing

Two of Appalachia’s leading operators said Friday that they would curtail some production this shoulder season, but both are anticipating a long-awaited increase in natural gas prices later in the year.

May 1, 2020
Range Resources Maintaining NGL Differential Guidance, Says Marcus Hook Exports Fetching Premium to Mont Belvieu

Range Resources Maintaining NGL Differential Guidance, Says Marcus Hook Exports Fetching Premium to Mont Belvieu

Range Resources Corp. said Monday it has continued to see positive price premiums this year on natural gas liquids (NGL) exported from the Marcus Hook export terminal in Pennsylvania compared to the Mont Belvieu hub in Texas.

April 28, 2020
Ohio Cracker FID Said Likely Delayed Due to Coronavirus

Ohio Cracker FID Said Likely Delayed Due to Coronavirus

The sanctioning of a multi-billion dollar ethane cracker in Ohio is again likely to be delayed after the partnership behind the project said the Covid-19 pandemic has hindered the process.

April 28, 2020
CNX Curtailing Wet Gas Production in Plotting Course Through Market Chaos

CNX Curtailing Wet Gas Production in Plotting Course Through Market Chaos

Appalachian pure-play CNX Resources Corp. said Monday that it would shut-in some of its wet gas production next month in response to low prices and could ultimately defer some new wells depending on how the market recovers from the oil rout and Covid-19 pandemic.

April 27, 2020
EQT Given Breathing Room by Higher Natural Gas Prices, with Optimism for Even More Gains

EQT Given Breathing Room by Higher Natural Gas Prices, with Optimism for Even More Gains

Higher natural gas prices amid the Covid-19 pandemic may have given some unexpected breathing room to Pittsburgh-based EQT Corp., management said Thursday.

April 23, 2020
Natural Gas, Oil Production from All Key Lower 48 Plays to Decline in May, Says EIA

Natural Gas, Oil Production from All Key Lower 48 Plays to Decline in May, Says EIA

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
Natural Gas, Oil Production from All Key Lower 48 Plays to Decline in May, Says EIA

Natural Gas, Oil Production from All Key Lower 48 Plays to Decline in May, Says EIA

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
Diversified in Talks to Grow Legacy Asset Base in Appalachia

Diversified in Talks to Grow Legacy Asset Base in Appalachia

Diversified Gas & Oil plc said Wednesday it is again negotiating to expand its massive conventional oil and natural gas asset position in Appalachia with a conditional agreement to acquire thousands of old wells and midstream infrastructure.

April 13, 2020