E&P Highlights: March 4, 2024

Ohio River Corridor

Exclusive: Despite Uncertainty, NatGas Balances Out

McKinsey and Co.’s Luciano Di Fiori says the natural gas market is capable of balancing itself out—despite LNG permit approval pauses, midstream constraints and dependence on oil production—in this Hart Energy LIVE Exclusive interview with Editorial Director Jordan Blum.   This post appeared first on Hart Energy.

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Boom! EQT is Curtailing 1 Bcf/d of Gas Production Effective Now

The country’s largest natural gas producer, EQT Corporation, headquartered in Pittsburgh and solely focused on drilling in the Marcellus/Utica, announced this morning it had sliced 1 billion cubic feet per day (Bcf/d) of its production because of the ongoing low price of natgas. Other companies have announced similar reductions, including a 25% reduction by Chesapeake…

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Analyst Predicts Chesapeake/Southwestern Merger to Face Biden Delay

In early January, Chesapeake Energy and Southwestern Energy, two companies with major assets in the country’s two leading gas plays — the Marcellus/Utica and the Haynesville — announced an agreement to merge into one company (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Such a merger would create the country’s largest natural gas…

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Darth Vader (BlackRock) Buying New England Pipeline for $1.14B

The 295-mile Portland Natural Gas Transmission System (PNGTS) spans New England from the Canadian border to pipeline connections in New Hampshire, Maine, and Massachusetts. The system began operations in 1999 and is located between three major pipeline networks originating in Canada and the Southern U.S. TC Energy owns 61.7% of PNGTS. The remaining 38.3 percent…

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Sanctioned Lawyer Meets Cyclone Residents Against Injection Well

In January, MDN brought you the good news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing gas production well on Route 646 in Cyclone (Keating Township in McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in…

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Roundup of 3 New M-U Pipeline Projects Coming to North Carolina

Three new pipeline projects are on the way in North Carolina, each one of them will deliver more Marcellus/Utica natural gas to the Tar Heel State. We’ve covered all three projects in separate posts. This post is a roundup, an overview of each project in one place. The three pipeline projects coming to North Carolina…

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