Crude rises, supported by Opec supply cuts

Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma. Representatives of Opec+, the amalgamation of most Opec members along with a number of non-Opec producer-countries led by Russia, met in Azerbaijan to monitor their crude supply reduction deal. They said

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LNG imports drive down British wholesale gas prices

Britain’s liquefied natural gas (LNG) imports for March are at their highest levels in roughly 29 months, helping British wholesale gas prices slide to a more-than 18-month low. Britain is set to receive 14 cargoes in March, with six tankers scheduled for this week alone, Reuters reported. The country is on track to import 1.18

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Utica Shale production reaches record highs in 2018

Oil and gas production in Ohio’s Utica Shale continues to climb as its 2,141 producing wells outpace old records, according to fourth-quarter results released by the Ohio Department of Natural Resources. Natural gas production increased 31.9 percent when compared with the same quarter in 2017 as drillers across the state yielded 663.5 billion cubic feet

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Equitrans Midstream’s unit to buy pipeline assets in Marcellus, Utica shale

Equitrans Midstream Corp’s unit signed a deal worth $1.03 billion yesterday to take control of two pipelines that connect the Marcellus and Utica shales, according to Reuters. EQM Midstream Partners LP will purchase a 60 percent stake in Eureka Midstream Holdings LLC and all of Hornet Midstream Holdings LLC from a fund managed by Morgan Stanley.

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EIA: Natural gas fuels electric generating capacity installed in 2018

More than 60 percent of the electric generating capacity installed last year was fueled by natural gas, according to the Energy Information Administration. In 2018, 31.3 gigawatts (GW) of electric generating capacity were added in the United States, while 18.7 GW of capacity were retired. Of the additional capacity, 19.3 GW resulted from natural gas-fired

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Cabot ceases operations in north central Ohio

After spending the last couple of years exploring the horizontal well potential in north central Ohio, Cabot Oil & Gas Corp. has ceased operations in the Ashland and Richland County area, according to Farm and Dairy. The Houston-based energy company, which operates Marcellus shale wells in Pennsylvania, hoped to extract oil and gas from its

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Chester County wants to join lawsuit against Mariner East

The Chester County commissioner recently announced they are seeking to join a lawsuit against Sunoco’s Mariner East pipeline and the intent to end an agreement to grant the company access to county land, according to The Philadelphia Inquirer. Earlier this year, the Chester County commissioners notified the Pennsylvania Public Utility Commission about growing concern over

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FERC approves full in-service of Mountaineer XPress

TransCanada will be allowed to increase the flow of gas on its Mountaineer XPress project and begin operating its Gulf XPress project thanks to the Federal Energy Regulatory Commission’s approval of the full in-service of the Mountaineer XPress project, according to Gas Compression Magazine. “Mountaineer XPress and Gulf XPress are extremely important to TransCanada as

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Eclipse, Blue Ridge form Montage Resources Corp. in merger

Eclipse and Blue Ridge Mountain Resources recently announced they’ve finally completed the merger they announced last August to form a new company called Montage Resources Corp., according to Kallanish Energy. Montage Resources common stock begins trading on the New York Stock Exchange earlier this week under the ticker symbol “MR”, giving effect to the 15-to-1

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Range to focus capital spending on Appalachian Basin in 2019

Range Resources plans to spend 90 percent of the $756 million it has set aside for capital spending in 2019 in the Appalachian Basin, according to Kallanish Energy. More than 60 percent of the company’s planned activity in the Appalachian Basin is directed towards liquids-rich drilling. It plans to bring 88 Marcellus Shale wells online

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Harrison County power plant to spur economic growth in West Va.

A new 550-megawatt natural gas-fired power plant in Harrison County is expected to break ground this spring and be operational by fall 2021, according to WV News. More importantly, the project is expected to serve as a catalyst in stimulating West Virginia’s economy. The plant, a joint project of Energy Solutions Consortium and Caithness Energy,

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