In June, MDN brought you the news that Tug Hill was shopping its THQ Appalachia division (Tug Hill’s West Virginia… Continue reading The post EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in… Continue reading The post American Energy Buys Radioactive Waste Co. Austin Master Services first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100%… Continue reading The post Ascent Resources Buys Another 27K Utica Acres for $270 Million first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Sources whispering to Bloomberg say that Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of… Continue reading The post Utica Driller Gulfport Energy Considers Merger with Encino Energy first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...S.T.L. Resources, LLC, an independent oil and gas company with headquarters outside of Pittsburgh, announced yesterday that the company has… Continue reading The post STL Resources Buys Tilden PA Marcellus Assets from Bankruptcy Sale first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...U.S. Well Services (USWS), a company that specializes in fracking shale wells using gas-fired electric (as opposed to diesel) engines,… Continue reading The post ProFrac Buying E-Fracker US Well Services for Estimated $230M first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Here’s some major news that we confess we somehow missed back in March. Greylock Energy, which is headquartered in Charleston,… Continue reading The post Greylock Energy, Former Pure-Play M-U, Buys Western O&G Assets first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Two EQT Corp. shareholders filed a lawsuit in Allegheny (PA) County Court earlier this week against former top EQT executives and former EQT board members (from 2017) alleging management and the board vastly exaggerated cost reductions and operating efficiencies that would result from a $6.7 billion takeover/merger of Rice Energy. The lawsuit says the former
Read More...Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced yesterday it has purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (RIL). The cash purchase price is $250 million.This post appeared
Read More...Virtual pipeline company Xpress Natural Gas (XNG), which operates a major compression station/trucking facility not far from MDN headquarters, has agreed to sell itself to Basalt Infrastructure Partners, an investment firm located in London and New York City. The sale price was not disclosed.This post appeared first on Marcellus Drilling News.
Read More...Drillers and pipeline companies often need the services of environmental and engineering consultants as they plan their projects. There are a number of companies in this space operating in the Marcellus/Utica. Investment firm Round Table Capital (RTC) Partners recently purchased three companies and is merging them to create “a market leader in the Environmental Consulting
Read More...UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, is buying Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million. UGI serves 700,000 customers across PA (and one county in Maryland). Mountaineer serves 215,000 customers across WV. Both companies are big buyers of Marcellus/Utica shale gas.This post appeared
Read More...Yesterday CNX CEO Nick Deluliis was one of the keynote speakers at the annual DUG (Developing Unconventional Gas) East event, held virtually this year. Normally DUG is held at the Convention Center in Pittsburgh. Deluliis’ talk was wide-ranging, but much of it concentrated on mergers and acquisitions, particularly M&A in the Marcellus/Utica. Deluliis is not
Read More...In June 2019 the Cambridge (Massachusetts) Retirement System sued EQT claiming EQT’s executives had made false and misleading statements about their 2017 purchase of Rice Energy–claims about cost efficiencies that never materialized, and claims about the location of Rice leases that were not as close to EQT’s acreage as claimed (see Mass. Retirement Fund Sues
Read More...After a shareholder vote scheduled for next Thursday, Nov. 12, Montage Resources will be no more. The company is selling itself to Southwestern Energy in an all-stock deal worth $857 million (see Stop Press! Southwestern Energy Buying Montage Resources for $857M). Yesterday Montage issued what will be its very last quarterly update. What does the
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