Post Tagged with: "Utica Shale"

Source: WPX

Energy Market Upside: EQT Corp. Welcomes 2016 with $1 Billion CapEx Plan—Self-Funded

The oil and gas market is approaching the end of 2015—which will no doubt go down as a highly tumultuous year for the industry. In spite of the dive in oil prices, some companies have positioned themselves well for capturing …

PDC Energy Gallops Wattenberg Program to 84% YoY Overall Production Increase

PDC Energy Gallops Wattenberg Program to 84% YoY Overall Production Increase

Drilling Program Shifting to Plug-n-Perf Completions

PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few …

Range Resources: The Appalachia’s Early Mover Sets Stage for 2016

Range Resources: The Appalachia’s Early Mover Sets Stage for 2016

Vital Pipeline Startup will Result in Increased Margins

Range Resources (ticker: RRC) is well-established as a low cost producer (its three-year finding and development costs rank fifth among 87 peers in EnerCom’s E&P Weekly Benchmarking Report), but that doesn’t mean …

Antero Resources: Utica Success Pushes YoY Growth Forecast to 25%-30% for 2016

Antero Resources: Utica Success Pushes YoY Growth Forecast to 25%-30% for 2016

Utica Accounts for 25 of Antero’s 31 Drilled Wells in Q3’15; Up to 50 Deferred Completions Figure in 2016 Guidance

Management of Antero Resources (ticker: AR) believes the company can achieve year-over-year growth of 25% to 30% in 2016, based …

Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

Per well efficiencies up 2.6x in the Marcellus and 22.3x in the Utica since 2012

EIA Marcellus and Utica Natgas Growth

Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the United …

Gastar Exploration’s Second Utica Well Returns 36.8 MMcf/d

Gastar Exploration’s Second Utica Well Returns 36.8 MMcf/d

High Rates Continue from the Dry Gas Window

On June 30, 2015, Gastar Exploration (ticker: GST) reported its Blake U-7H well located in the dry gas Utica Shale region of Marshall County, West Virginia, produced at a peak 48-hour gross …

Source: WPX

Utica Shale Review: The Evolution of a World Class Shale Play

“Unlocking the key” to unconventional plays is a popular moniker in today’s oil and gas market. Among the trickiest of plays to master is the Utica Shale, located across Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia.

The Utica …

PDC Energy Leaps to a Fast Start in 2015

PDC Energy Leaps to a Fast Start in 2015

JRCO: “One of the Best Multiple/Growth Propositions in Energy”

Roughly one month after its 2015 Analyst Day, PDC Energy (ticker: PDCE) released its first quarter results for the fiscal year in a press release on May 7, 2015. The Denver-based …

That Spare $6,000 in Your Pocket Could Buy You a Used Mud Pump or Tickets to Mayweather v. Pacquiao

That Spare $6,000 in Your Pocket Could Buy You a Used Mud Pump or Tickets to Mayweather v. Pacquiao

Fighters’ Projected Shared Revenue from Tomorrow’s Bout Could Fetch 24,000 Net Acres in the Utica

The eve of the most anticipated fight of this generation has arrived.

The Las Vegas strip likely carries an unprecedented buzz of excitement and anticipation …

May 1, 2015 - 6:33 pm Finance, Oil and Gas 360 Articles
Gulfport Energy Expands Utica Position with $300 Million Acquisition

Gulfport Energy Expands Utica Position with $300 Million Acquisition

GPOR Offers Stock, Debt to Finance Purchase of Paloma Partners

Gulfport Energy (ticker: GPOR) has increased its Utica Shale footprint to approximately 212,000 gross leased acres (208,000 net) with the purchase of 24,000 net nonproducing acres in Belmont and Jefferson …

Southwestern Energy Continues Appalachia Acquisition Spree with $394 Million Deal

Southwestern Energy Continues Appalachia Acquisition Spree with $394 Million Deal

One day after closing on its $4.975 billion acquisition for 413,000 net acres in West Virginia and southern Pennsylvania, Southwestern Energy (ticker: SWN) spent another $394 million to increase its working interest. On December 23, 2014, SWN secured a 20% …

American Energy Partners Update: What is McClendon Up to Now?

American Energy Partners Update: What is McClendon Up to Now?

Aubrey McClendon has had little time off since his publicized ouster from his first E&P empire (Chesapeake Energy – ticker: CHK). Since founding American Energy Partners (AEP) in April 2013, McClendon has quietly amassed acreage in several major North American …

An OAG360® Exclusive Interview: Magnum Hunter Resources CEO Gary Evans Discusses Operations in Appalachia

An OAG360® Exclusive Interview: Magnum Hunter Resources CEO Gary Evans Discusses Operations in Appalachia

The month of September was one for the record books for Magnum Hunter Resources (ticker: MHR). The Marcellus/Utica E&P reported initial production of 46.5 MMcf on its Stewart Winland 1300U well – the highest flow rate of any well to …

Magnum Hunter Resources Achieves Record Well in the Utica: 46.5 MMcf

Magnum Hunter Resources Achieves Record Well in the Utica: 46.5 MMcf

Takeaway Record for Eureka Hunter Follows

Magnum Hunter Resources (ticker: MHR) is betting big in the Marcellus/Utica, and a company announcement on September 24, 2014, supports its assessment. The Stewart Winland 1300U well in Tyler County, West Virginia, returned an …

September 29, 2014 - 5:21 pm Midstream, Oil and Gas 360 Articles
Royal Dutch Shell Touts Utica Discovery Near New York

Royal Dutch Shell Touts Utica Discovery Near New York

The Utica is growing.

Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga …

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States.

“Total natural gas production in the Utica Region, which includes …

September 8, 2014 - 4:58 pm Oil and Gas 360 Articles, Oilfield Services
Utica Shale Graduates to EIA’s Drilling Productivity Report

Utica Shale Graduates to EIA’s Drilling Productivity Report

The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, …

August 12, 2014 - 5:41 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
PDC Energy Accelerates its Liquids-Focused Growth Strategy with Marcellus Divestiture

PDC Energy Accelerates its Liquids-Focused Growth Strategy with Marcellus Divestiture

This week PDC Energy (ticker: PDCE) announced the sale of its Marcellus shale assets for approximately $250 million to its Marcellus partner Mountaineer Keystone Energy, LLC.

With the divesture of its approximate 131,000 net Marcellus acres, PDC’s focus now moves …

August 1, 2014 - 6:24 pm Canada, Finance, Oil and Gas 360 Articles, Oilfield Services

Battle of Ohio: LeBron versus Shale

The Utica Shale and LeBron James are unintentionally teaming up to inject life into Ohio’s struggling economy. James announced the return to his hometown of Cleveland on July 11, 2014 – just days after Ohio state officials said natural gas …

July 11, 2014 - 5:17 pm Oil and Gas 360 Articles
Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Acute need:  6 new pipeline projects under construction + 19 awaiting approval could add 3.5 Bcf/d capacity in 2015

The United States natural gas boom, spearheaded by the expanded development of the Marcellus Shale, has boosted the country to become …

June 27, 2014 - 5:13 pm Midstream, Oil and Gas 360 Articles
Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

May 13, 2014 - 4:05 pm Earnings, Finance, Midstream, Oil and Gas 360 Articles

Magnum Hunter Resources Updates Appalachia Production, Midstream Business Progressing

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 23, 2013 - 4:15 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Magnum Hunter Allocating Lion’s Share of 2014 Spending to Utica/Marcellus

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 12, 2013 - 5:02 pm Fracing, Midstream, Offshore, Oil and Gas 360 Articles
PDC Energy’s Wattenberg Project to Receive Bulk of $647 Million Capital Budget in 2014

PDC Energy’s Wattenberg Project to Receive Bulk of $647 Million Capital Budget in 2014

Denver-based PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in …

December 11, 2013 - 3:20 pm Finance, Fracing, Mergers & Acquisitions, Oil and Gas 360 Articles
Magnum Hunter Resources Commences Drilling Utica and Marcellus Wells in Ohio

Magnum Hunter Resources Commences Drilling Utica and Marcellus Wells in Ohio

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

July 2, 2013 - 3:51 pm Oil and Gas 360 Articles