EQT Corp., which on Thursday reported a larger year/year loss for the third quarter, said that it expects a pair of 2021 deals to lower its firm gas transportation costs by about 5 cents/Mcfe going forward. In one deal, EQT reached an agreement to sell down up to 525 million Dth/d firm transportation capacity on…
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Rockies Express Looking to Transport Carbon-Neutral Natural Gas in System-Wide Pipeline Certification
Rockies Express Pipeline (REX), which moves 4.4 Bcf/d to Midwest markets from key producing basins in the Rockies and Appalachia, is set to become the nation’s first interstate natural gas transmission system certified by Project Canary. REX owner Tallgrass Energy LP announced the multi-year partnership with Project Canary on Tuesday. “This first-of-its kind engagement underscores…
National Fuel Gas Looks to Lower Carbon Footprint from E&P, Midstream and Utility Businesses
National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments. The goals were announced recently in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The diversified…
Seneca Looking to Certify Appalachian Natural Gas as Responsibly Sourced
Seneca Resources Co. LLC plans to certify as responsibly sourced gas (RSG) about 300 MMcf/d of its Appalachia Basin production. The National Fuels Gas Co. subsidiary clinched an agreement with Project Canary to independently certify nearly one-third of its natural gas production. Seneca said it also plans to install continuous monitoring devices at three well…
Gulfport Changing Utica Approach to Boost Efficiency, Cut Costs After Bankruptcy
After emerging from bankruptcy in May with a new management team, Gulfport Energy Corp. has overhauled its operations with a focus on capital discipline, free cash flow (FCF) generation and investor returns over production growth. The company wiped $1.2 billion of debt from its balance sheet during the restructuring and it’s now focused on sustainability,…
Seneca Ramping Up Appalachian Activity to Fill Pipeline Expansions
Seneca Resources Co. LLC is increasing drilling and completion activity in anticipation of two Appalachian pipeline expansions that are expected to come online by the end of the year. “For the remainder of the year, we are on track with our plans to ramp up production to fill Leidy South and capture premium winter pricing,”…
EQT Reshaping Strategy for Era of ‘Sustainable Shale’
EQT Corp. CEO Toby Rice said Thursday the largest natural gas producer in the United States is positioning itself for a “new era of sustainable shale,” further shaping its strategy to evolve into a lower carbon future. “As the largest producer of natural gas in the U.S., we’re able to forge new paths and open…
Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets
The challenge of transporting natural gas to energy-hungry consumers in the Northeast is continuing to create opportunities and spur demand for small-scale applications and virtual pipeline services throughout the region. Despite the sharp uptick in gas production from the prolific Appalachian Basin over the last decade, pipeline constraints remain an issue in the Northeast, particularly…
Seneca, NexTier Take On Emissions Tests for Fracking Equipment
Seneca Resources Co. LLC and NexTier Oilfield Solutions Inc. have begun a comparative carbon emissions assessment for various natural gas- and diesel-fired hydraulic fracturing (frack) equipment. Houston-based Seneca, the exploration and production (E&P) arm of National Fuel Gas Co., produces natural gas and oil in California, the Marcellus and Utica shales. The E&P would lead…
Rigs Added in Gulf of Mexico as U.S. Count Continues Steady Ascent
An uptick in drilling activity in the Gulf of Mexico (GOM) helped lift the U.S. rig count four units higher to 479 during the week ended Friday (July 9), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the week were split evenly between natural…