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...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...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...As part of its third quarter update, EQT Corporation, now the second-largest natural gas producer in the U.S., dropped the bombshell that it has completely divested from the remaining non-operated wells it owns in northeastern Pennsylvania, selling the assets to Norwegian company Equinor (formerly known as Statoil) for $1.25 billion. You may recall in April,…
Read More...Last Friday, Reuters reported that sources “familiar with the matter” whispered to its reporters that private equity firm Blackstone is “in advanced talks” to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion. The deal would help EQT reduce…
Read More...As we outline in a companion post today, the Biden-Harris Department of Energy is investing $44 million in a project to drill two carbon dioxide injection wells, one in West Virginia and the other in Ohio (see DOE Spends $44M on Drilling CO2 Injection Wells in WV & OH). Some companies are ready to dive…
Read More...Yesterday, EQT announced that the company had reached so-called “net zero” emissions for Scopes 1 and 2 more than a year earlier than planned. The milestone includes assets purchased and added to the company from Alta Resources and Tug Hill/XcL Midstream. However, it does not include the assets added from the Equitrans Midstream merger in…
Read More...Ten permits were issued to drill new shale wells in Marcellus/Utica for the week of Oct. 7 – 13, half the number issued the prior week (see 20 New Shale Well Permits Issued for PA-OH-WV Sep 30 – Oct 6). The Keystone State (PA) had just six new permits, with three going to Range Resources…
Read More...There were 20 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 30 – Oct. 6, down eight from the 28 issued the prior week. The Keystone State (PA) had eight new permits, with five going to Southwestern Energy (now Expand Energy following a merger with Chesapeake) in both Susquehanna…
Read More...There is no excerpt because this is a protected post. The post Highlights from 2024 Shale Insight Event Held in Erie, PA first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...There were 28 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 23 – 29, down slightly from the 32 issued the prior week. The Keystone State (PA) had 15 new permits, with seven of them going to Range Resources, most of them in Washington County. Three permits were issued…
Read More...EQT Corporation is now the #2 largest natural gas driller in the U.S. following the merger of Chesapeake Energy with Southwestern Energy to form Expand Energy Corporation (see today’s lead story). EQT took the opportunity yesterday, while everyone was focused on the shiny new object (Expand Energy), to file a Form 8-K with the SEC…
Read More...According to Pennsylvania regulation 25 Pa. Code § 78a.122(b)(6)(iv), a drilling company must provide a list of the chemicals intentionally added to the stimulation [fracking] fluid by name and chemical abstract service (CAS) number in a Completion Report. The PA Department of Environmental Protection (DEP) says three drillers, including EQT, Range Resources, and Greylock Energy,…
Read More...There were 32 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 16 – 22, more than doubling the 15 issued the prior week. The Keystone State (PA) had nine new permits, with five of them going to EQT in Greene County. The Buckeye State (OH) had 20 new permits….
Read More...Toby Rice, the Chief Executive Officer of EQT Corporation, currently the largest natural gas producer in the U.S. (but about to become second-largest next week, after Chesapeake Energy & Southwestern Energy merge to become the largest, see today’s companion story), addressed the 800 attendees at the Shale Insight event yesterday. He was in Erie, PA,…
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