The Appalachian Methane Initiative (AMI) is a coalition of leading U.S. natural gas companies in the Marcellus/Utica, including Ascent Resources, CNX Resources, EQT Corporation, Equitrans Midstream Corporation (now part of EQT), Expand Energy Corporation, MPLX, and Seneca Resources. AMI uses independent monitoring providers, technical consultants, and top-tier universities to monitor and track methane emissions in…
Read More...One year ago in March 2024, MDN told you about a new strategy by Chesapeake Energy (now Expand Energy) to drill new shale gas wells but leave them offline (see Chesapeake Brings Japanese “Just in Time” Concept to Gas Wells). As explained in that article, the company does more than drill DUCs (drilled but uncompleted…
Read More...Expand Energy Corporation Chief Operating Officer (COO) Josh Viets presented at yesterday’s 46th Annual Raymond James Institutional Investor Conference. Viets provided insights into Expand’s assets and capital allocation strategy. The company’s approach is based on “a very constructive outlook for the natural gas commodity.” Expand, you may recall, is the new name for two merged…
Read More...Expand Energy, formed by the merger of Chesapeake Energy and Southwestern Energy, is the largest natural gas producer in the U.S. with approximately 1.9 million leased net acres. Expand drills and operates in three distinct regions: Northeast Appalachia (Pennsylvania), Southwest Appalachia (mostly West Virginia, but also Pennsylvania and Ohio), and the Haynesville (Louisiana). The company…
Read More...For the week of Feb 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells soared. Two weeks ago, 24 new permits were issued. Last week, the number increased to 36 new permits issued. The Keystone State (PA) issued the vast majority with 23 new permits last week. Seven…
Read More...DUCs are drilled but uncompleted wells. Drillers sink a hole first and then return later to “complete” the well by fracking it and connecting it to sales. An increase in DUCs means more new drilling is happening. A decrease in DUCs means fewer new wells are drilled while previously drilled wells are completed. According to…
Read More...Expand Energy is the new company formed from the merger of Chesapeake Energy with Southwestern Energy. Expand is essentially Chesapeake Energy 2.0. Expand CFO Mohit Singh spoke at last week’s 2025 NAPE Summit in Houston. He had some fascinating things to say, including this: “Just to be clear, in our view, at least 75% of…
Read More...For the week of Jan 27 – Feb 2, the number of permits issued in the Marcellus/Utica to drill new shale wells recovered from the previous week. Two weeks ago, only 7 new permits were issued. Last week, the number increased to 22 new permits issued. Whereas the Keystone State (PA) issued no new permits…
Read More...The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the January 25 Pennsylvania Bulletin that…
Read More...Wow! Is this the Trump effect? For the week of Jan 13 – 19, permits issued in the Marcellus/Utica to drill new shale wells achieved levels we haven’t seen in, oh, about four years. There were 41 new permits issued last week, up significantly from 27 issued the week before and 30 issued two weeks…
Read More...On Oct. 1, 2024, Chesapeake Energy announced its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed (see Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller). The newly merged company was renamed Expand Energy Corporation and began trading on the NASDAQ stock market under the “EXE” ticker symbol….
Read More...The experts at RBN Energy recently analyzed the Q3 2024 financial results for the gas-focused producers the company tracks (mainly Marcellus/Utica producers). The gas-weighted E&Ps RBN follows had the best total shareholder return performance of the three peer groups they tracked through the first nine months of 2024, with a median gain of 14%. On…
Read More...Enverus, a prominent analytics and advisory firm in the oil and gas space, released its Top 50 Public E&P Operators of 2024 list last week. Enverus is famously guarded in not allowing the media to publish their data, so we don’t have the full list of 50. However, Enverus shared the top three most prolific…
Read More...We’ve been covering the emergence of Ohio Utica oil over the past couple of years (see our Utica oil stories here). Other news outlets are beginning to notice the oily Utica. The experts at RBN Energy published a post on Friday announcing, “Condensate Production Takes Off in Eastern Ohio’s Utica Shale.” Condensate is another word…
Read More...For the week of Dec 2 – 8, permits issued in the Marcellus/Utica bounced back nicely. There were 28 new permits issued last week, more than doubling the 12 issued the week before (and matching the 28 issued three weeks ago). The Keystone State (PA) issued 18 new permits, with eight going to EQT spread…
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