Yesterday, Hart Energy held its DUG Appalachia Conference and Expo in Pittsburgh. DUG stands for Developing Unconventional Gas. According to press accounts, folks were smiling, and the atmosphere was a lot more optimistic following Donald Trump’s crushing victory over The Cackler. A number of Marcellus/Utica luminaries attended, including EQT Corp. CEO Toby Rice. In a…
Read More...We have a second post about yesterday’s Hart Energy DUG Appalachia event held in Pittsburgh. One of the sessions was an interview with Dennis Degner, CEO of Range Resources, the very first company to drill a Marcellus well back in 2004. Range is a “pure play” company focusing 100% on the Marcellus/Utica. Over the past…
Read More...How, exactly, did the Marcellus Shale come to be? What spurred early interest to spend millions of dollars to sink a well in the Marcellus with the hope (gamble) that natural gas would flow from it? We all know that Range Resources sunk that first well in 2004, but there was a LOT that happened…
Read More...Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its third quarter 2024 numbers yesterday. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 3Q24 averaged 1,057.2 MMcfe/d (1.06…
Read More...According to Hart Energy, “massive” transformations are “shaking” the natural gas industry along the Gulf Coast via new pipelines in Texas and LNG export plants in Louisiana. However, the nation’s largest gas field on the eastern side of the U.S., the Marcellus Shale, is not seeing the same transformations. Why? “CEOs are often fighting political…
Read More...Cecil Township, PA Let the lawsuits begin. Last night, three of five supervisors in Cecil Township (Washington County), PA, voted to ban all new fracking via a new setback (distance from well to nearest structure) requirement of 2,500 feet (see Cecil Twp About to Ban New Fracking – Will Other PA Towns Follow?). Contrary to…
Read More...CNX Resources filed a request with the Pennsylvania Dept. of Environmental Protection (DEP) in April 2023 to build two pipelines—two for natural gas—along a 13.9-mile route in Bell, Loyalhanna, and Salem Townships in Westmoreland County. An additional 4-mile pipeline would be built for water. Called the Slickville Trunkline Project, the DEP originally told CNX its…
Read More...In September, the Board of Supervisors for Cecil Township in Washington County, PA, caved to pressure from radical leftists and, by a vote of 3-2, instructed the town’s solicitor to prepare a new zoning ordinance that increases setbacks from “protected structures” from 500 feet to 2,500 feet (half a mile), and add a setback of…
Read More...Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its third quarter 2024 update last week. The company turned in respectable financial numbers, making a profit of $252 million in 3Q24, down 22%…
Read More...For the week of Oct 21 – 27, there were 17 permits issued to drill Marcellus/Utica wells, up from 14 permits issued the prior week. The Keystone State (PA) had 12 new permits, with five going to Chesapeake Energy (now Expand Energy) in Wyoming County and two each for PennEnergy Resources (Beaver County) and Coterra…
Read More...Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its third quarter 2024 update yesterday. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 3Q24, a decrease of 2% year-over-year. Of the company’s…
Read More...In May 2023, two radicalized Big Green groups—the Environmental Integrity Project (based in D.C.) and the Clean Air Council (based in Philadelphia)—filed a lawsuit against the Shell Polymers Monaca Plant (ethane cracker plant in Beaver County, PA), claiming the plant has repeatedly violated federal air pollution limits (see Radical Antis File Lawsuit Aiming to Shut…
Read More...The country’s new #1 natural gas producer, Expand Energy (formed from the merger of Chesapeake Energy and Southwestern Energy), disclosed its third quarter update yesterday. While Expand has major operations in the Marcellus/Utica, it also has major operations in Haynesville. Right now, the company is giving double the love to the Haynesville as it is…
Read More...EQT Corporation delivered its third quarter 2024 update yesterday. The big focus for EQT during 3Q was closing on the purchase and beginning the reintegration of its long-lost midstream division, called Equitrans Midstream (owner of the Mountain Valley Pipeline). CEO Toby Rice said, “All cylinders are firing,” and that 60% of the tasks needed for…
Read More...Yesterday, two European companies announced separate deals for Coterra Energy to provide Marcellus natural gas to an unidentified LNG export facility that will liquefy and sell it to them. One company was commodities trader Vitol (based in Switzerland) and the other utility giant Centrica (based in the U.K.). Both deals were for 100 MMcf/d (or…
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