As oil and gas drillers in the Appalachian Basin have been forced to curtail production amid low prices, both permitting and production have seen significant declines, according to Seeking Alpha. Furthermore, the shale basin is expected to see year-over-year declines in production again in 2021. Nearly all Appalachian producers, including Range Resources, Antero Resources, EQT Corporation and Cabot Oil
Read More...UGI Corporation of Pennsylvania has signed an agreement to purchase Mountaintop Energy Holdings LLC for $540 million, according to the Register-Herald. The sale includes $140 million in debt and a claim to all of Mountaineer Gas’ operating assets as Mountaintop Energy Holdings LLC is the parent company of West Virginia’s largest local gas distribution company. The agreement
Read More...Prolific natural gas and oil development continues to drive investments in the Buckeye State. The total investment in shale-related activities in Ohio reached $86.4 billion as of Q4 2019, an increase of $9 billion since 2018, according to Cleveland State University’s latest shale investment report. This is the eighth annual report CSU has conducted for
Read More...Williams reported record natural gas gathering and processing volumes in the Appalachian region during the third quarter amid higher prices, according to Natural Gas Intelligence. Gross gathering volumes for the Northeast gathering and processing segment rose 8% year over year to 9.4 Bcf/d and gross processing plant inlet volumes increased 17% to 1.4 Bcf/d, the
Read More...Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a
Read More...Water plays a significant role in the production, transportation, and end-use distribution of all energy resources. Whether it’s used to extract more hydrocarbons from shale rock via hydraulic fracturing or produced as a drilling byproduct – commonly referred to as “produced water” – operators rely upon a fresh water supply to safely and efficiently develop
Read More...Peregrine Energy Partners will acquire producing and non-producing mineral rights on 4,755 gross acres in Bedford County, Pa. from Chief Oil & Gas, according to EIN Presswire. The purchase price was undisclosed. However, the deal is the third the company has made in this region of the Appalachian Basin this year. “While we’ve traditionally been
Read More...It would be an understatement to say natural gas has transformed Pennsylvania’s labor community. Through training program, projects, and operations, trade unions have been an integral part of the state’s oil and natural gas industry. This close relationship between labor and the natural gas industry in Pennsylvania was the spotlight of a recent conference session
Read More...While President Trump and former Vice President Biden have visited the Appalachian Basin numerous times this election cycle, this week’s debate in Cleveland, OH will mark the first time the pair shares the stage to talk about the biggest issues facing our country today. The Shale Revolution has been a game-changer for the region where
Read More...Natural gas production in the Appalachian and Haynesville shale basins has weathered downturns caused by the coronavirus pandemic better than many other oil-focused shale plays, according to The Oklahoman. Although drilling activity is down in both basins, it hasn’t seen the dramatic declines many other plays have seen. Additionally, the Enverus FundamentalEdge series report notes
Read More...After two years of investigating, Pennsylvania Attorney General Josh Shapiro has reported the findings of a grand jury looking into whether shale gas producers had violated environmental protection laws. Gov. Tom Wolf’s Department of Environmental Protection, which oversees regulation of the industry, isn’t mincing words: “The report is legally erroneous, which compromises its conclusions.”* DEP
Read More...Energy In Depth recently sat down – virtually, of course – with Belmont County, Ohio farmer Larry Cain to discuss the natural gas development taking place in his county and on his family’s dairy farm. Through the use of a landowner’s group, Cain and his neighbors developed a partnership with a local natural gas and
Read More...Peregrine Energy Partners has acquired royalty interests in Washington County, Pennsylvania as well as in Tyler and Richie Counties in West Virginia from various undisclosed sellers, according to EIN Presswire. Some of these acquisitions came from well-known producers such as Range Resources, Antero Resources and EQT Corporation. “The Appalachian Basin and specifically the Marcellus Shale
Read More...New York and New Jersey’s recent decision to block the Northeast Supply Enhancement project could put into jeopardy millions of homes which will require natural gas for heating during the 2021 winter season. The planned $1 billion pipeline would have brought an additional 400 million cubic feet of natural gas per day into New York,
Read More...It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last
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