Utica Shale

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts

EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia.  Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm. “Ensuring a reliable supply of energy is a challenge,…

March 1, 2023
Range Resources Shrugs Off Report of Potential Pioneer Natural Resources Acquisition 

Range Resources Shrugs Off Report of Potential Pioneer Natural Resources Acquisition 

Range Resources Corp.’s management team on Tuesday brushed aside questions about whether they’ve discussed the possibility of Pioneer Natural Resources Co. acquiring the company after reports surfaced last week.  CEO Jeff Ventura told analysts during a call to discuss year-end financial results Tuesday that a statement Pioneer issued downplaying the reports was “good news” for…

March 1, 2023
Equitrans Says MVP Coming in 2023, but ‘Disappointed’ with Permitting Reform Failures by Congress

Equitrans Says MVP Coming in 2023, but ‘Disappointed’ with Permitting Reform Failures by Congress

Equitrans Midstream Corp.’s (EQM) long-delayed Mountain Valley Pipeline (MVP) may gain some necessary permits within the next few months, “which will allow us then to bring MVP into service in 2023,” said CEO Thomas Karam.  EQM is expecting the biological opinion from the U.S. Fish and Wildlife Service by next Tuesday, “and based on the…

February 22, 2023
Natural Gas Rig Count Likely Declining on Market ‘Softness,’ Says Patterson-UTI CEO

Natural Gas Rig Count Likely Declining on Market ‘Softness,’ Says Patterson-UTI CEO

Lower 48 natural gas-directed rigs are likely to retreat because of weak prices, Patterson-UTI Inc. CEO Andy Hendricks said Thursday. Hendricks held a conference call to share quarterly results and discuss the outlook for contract drilling services, the company’s forté. At the end of January, the company had 130 rigs on average working in the…

February 14, 2023
Ohio Slaps ‘Green’ Label on Natural Gas as ‘An Opinion Statement,’ Says Governor

Ohio Slaps ‘Green’ Label on Natural Gas as ‘An Opinion Statement,’ Says Governor

Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine last month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office.  HB 507 passed the Ohio Senate in December, with the primary goal of ensuring state…

February 1, 2023
Ohio Law Labels Natural Gas ‘Green,’ but What Does It Mean?

Ohio Law Labels Natural Gas ‘Green,’ but What Does It Mean?

Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine earlier this month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office.  HB 507 passed the Ohio Senate last month, with the primary goal of ensuring…

January 26, 2023
Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations 

Appalachian Companies Launch Methane Coalition to Give World Window to Natural Gas Operations 

Three of the Appalachian Basin’s leading upstream and midstream operators on Wednesday announced a new coalition aimed at better monitoring and reducing methane emissions throughout the Marcellus and Utica shales.  Chesapeake Energy Corp., EQT Corp. and Equitrans Midstream Corp. launched the Appalachian Methane Initiative (AMI). The coalition said it would work to identify and fix…

January 11, 2023
Patterson-UTI Renews U.S. Drilling Contracts with ‘More Favorable Pricing than Expected’

Patterson-UTI Renews U.S. Drilling Contracts with ‘More Favorable Pricing than Expected’

Houston-based Patterson-UTI Energy Inc. expects to record net income of $100 million-plus for 4Q2022, a sharp turnaround from year-ago losses as Lower 48 drilling expands. The oilfield services company, which previewed earnings on Wednesday, had reported net losses for the fourth quarter of 2021. “In contract drilling, average rig revenue per day benefited primarily from…

January 5, 2023
Natural Gas the Answer to Reducing Emissions, Argues CNX in ‘Appalachia First’ Plan

Natural Gas the Answer to Reducing Emissions, Argues CNX in ‘Appalachia First’ Plan

Natural gas should be viewed not as a bridge fuel, but as a catalyst to the energy transition domestically and abroad, according to the new “Appalachia First” vision unveiled by CNX Resources Corp. The Pittsburgh-based firm, which produced 1.67 Bcfe/d from the Marcellus and Utica shales during the third quarter of 2022, is arguing against…

December 15, 2022
Ohio Legislature Opens Door for E&P on State Lands, Stamps ‘Green Energy’ Label on Natural Gas

Ohio Legislature Opens Door for E&P on State Lands, Stamps ‘Green Energy’ Label on Natural Gas

A bill qualifying natural gas as green energy and allowing state agencies to lease land to develop oil and gas has passed the Ohio legislature and was awaiting a signature from Republican Gov. Mike DeWine.  Under current Ohio law, state agencies are not automatically required to lease land for oil and gas exploration and production…

December 14, 2022