Energy Companies

Chesapeake Energy Continues to Scale Back Drilling, but Not Too Much

Chesapeake Energy Corporation issued its first quarter 2023 update yesterday. The company reports making a profit of $1.39 billion in… Continue reading The post Chesapeake Energy Continues to Scale Back Drilling, but Not Too Much first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Gulfport 1Q Net Income Swings +$1B to Positive, Avg 1.06 Bcfe/d

Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in… Continue reading The post Gulfport 1Q Net Income Swings +$1B to Positive, Avg 1.06 Bcfe/d first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal

Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see… Continue reading The post EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal

The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to… Continue reading The post Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Southwestern Energy 1Q – Added 13 M-U Wells, 23 Haynesville Wells

Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its first quarter 2023 update late last week…. Continue reading The post Southwestern Energy 1Q – Added 13 M-U Wells, 23 Haynesville Wells first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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CNX 1Q – Production Slides, Profits Soar on Derivatives

Last week CNX Resources issued its first quarter 2023 update. The company generated $710 million of net income versus losing… Continue reading The post CNX 1Q – Production Slides, Profits Soar on Derivatives first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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EQT 1Q – Tug Hill on Track, Rice a Fan of “Electrify the World”

EQT Corporation, the largest natural gas producer in the U.S., issued its first quarter 2023 update yesterday. The company reported… Continue reading The post EQT 1Q – Tug Hill on Track, Rice a Fan of “Electrify the World” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Antero 1Q – New World Record for Lateral Feet Drilled in 24 Hours

Yesterday Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest… Continue reading The post Antero 1Q – New World Record for Lateral Feet Drilled in 24 Hours first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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25 New Shale Well Permits Issued for PA-OH-WV Apr 17-23

New shale permits issued for Apr. 17-23 in the Marcellus/Utica picked up five from the prior week. There were 25… Continue reading The post 25 New Shale Well Permits Issued for PA-OH-WV Apr 17-23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Air Monitors Detect Benzene at Fenceline of Shell Cracker in Monaca

Air monitors at Shell’s ethane cracker plant detected elevated levels of benzene (which can cause cancer in humans) following an… Continue reading The post Air Monitors Detect Benzene at Fenceline of Shell Cracker in Monaca first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Bloomberg: Shale in Midlife Crisis, Big Oil Rides in to Save Day

We spotted an article by a Bloomberg opinion columnist that says American shale energy is in a “midlife crisis.” The… Continue reading The post Bloomberg: Shale in Midlife Crisis, Big Oil Rides in to Save Day first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Shell Hosts Virtual Meeting with Community re Cracker Problems

Last night, Shell hosted a virtual community meeting to address air monitoring and recent problems experienced at the company’s ethane… Continue reading The post Shell Hosts Virtual Meeting with Community re Cracker Problems first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Range Resources 1Q Update – The Marcellus Future is Very Bright

Yesterday Range Resources Corporation issued its first quarter 2023 update and held a conference call with analysts. On the call,… Continue reading The post Range Resources 1Q Update – The Marcellus Future is Very Bright first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals

The owner of two hotels in California–the Handerly Hotels in San Francisco and San Diego–who happens to own 19,185 shares… Continue reading The post Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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