Ohio natural gas shale production drops in first quarter

Ohio’s Utica and Marcellus shale wells produced almost 5% less natural gas in the first quarter of 2020 than was produced during the same quarter a year earlier, according to the Canton Repository. Data from the Ohio Department of Natural Resources shows almost 582 billion cubic feet of natural gas was produced from the beginning

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Shale Gas News – June 20, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Governor Tom Wolf, Atlantic Coast Pipeline, Range Resources and much more last week. The Shale Gas News has grown again to the

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CNX to ease natural gas shut-in in Appalachian Basin

CNX Resources has shut-in 375 million cubic feet per day of natural gas production in the Appalachian Basin since May 1, but its planning on easing up by July, according to Kallanish Energy. The Pittsburgh-based company anticipates the volume of natural gas shut-in to decline to about 300 MMcf per day by July, and plans

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Shale Gas News – June 13, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Opec output, EPA water rule, Chesapeake Energy and much more last week. The Shale Gas News has grown again to the Williamsport

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Natural Gas Now Best Picks of the Week – June 13, 2020

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Can The United States Senate Stop Germany’s GasPipeline From Russia In A Post-Coronavirus World? Dan Markind compares the self-imposed German energy

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Shale Gas News – May 30, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Clean Power Plan, Biden’s climate proposal, Church of Climate and much more last week. The Shale Gas News has grown again to

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Ascent Resources points new Chief Financial Officer

Ascent Resources, LLC recently announced Brooks M. Shughart has been named Executive Vice President — Chief Financial Officer, effective May 18, 2020, according to Yahoo Finance. Shughart will replace Jennifer M. Grigsby, who is reportedly leaving Ascent to pursue other interests. Shughart comes to Ascent from First Reserve, an energy-focused private equity fund. Shughart worked there for eight years,

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Shale Gas News – May 23, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about shale oil production, rig counts, natural gas futures and much more last week. The Shale Gas News has grown again to the

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EQT reduces natural gas output in Ohio, Pa.

EQT Corp. has started to reduce gas output in Pennsylvania and Ohio in response to lower demand caused by the coronavirus, which has cut the current prices for fuel, according to Reuters. EQT did not say how much gas it would curtail. However, U.S. pipeline company EQM Midstream Partners LP said in a federal securities

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Ascent Resources reports Q1 net income of $85 million

Ascent Resources Utica Holdings recently reported a net income of $85 million and an adjusted net income of $36 million in the first quarter of 2020, according to Kallanish Energy. In the same quarter a year prior, the company reported a net loss of $85 million and an adjusted net income of $79 million. Additionally,

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Ohio oil production totals increase

It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last

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Plant plans reason for encouragement

Residents of our region received some positive news Wednesday when it was learned that a local company has plans to build a gas-to-liquids facility in Saline Township in northern Jefferson County. Hammondsville-based Orin Holdings and county officials see a big potential for the facility, which would be located on 500 acres of ground that has

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Natural Gas Exports Set to Soar Thanks to Appalachian Shale

Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as

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Montage Resources will cut capital spending by 44% in 2020

Montage Resources will cut capital spending by 44% this year in the Appalachian Basin, according to Kallanish Energy. The company plans on spending between $190 million and $210 million on capital spending. That estimate is down from the $357.5 million it recorded spending in the midpoint of 2019’s capital spending guidance. Montage Resources will be

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Refinery Sale Suggests Philadelphia May Be More Rotten Than Denmark

Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming

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