Post Tagged with: "Marcellus Shale"

Cabot Oil & Gas Expands Share Repurchase Program

Cabot Oil & Gas Expands Share Repurchase Program

Cabot Oil & Gas (NYSE: COG) announced Q2 results, showing net income of $42.4 million, or $0.09 per share.

Highlights

  • Daily equivalent production of 1,895 MMcfe/d
  • Adjusted net income of $57.9 million
  • Net cash provided by operating activities of $273.9
EQT Corporation Streamlines Midstream Through Q2

EQT Corporation Streamlines Midstream Through Q2

EQT Corporation (NYSE: EQT) announced its Q2 earnings, which was highlighted by a massive jump in both net cash provided by operating activities and in adjusted operating cash flow. EQT also recapped major sales of assets made in Q2, along …

Range Resources Releases 2018 CapEx, Proved Reserves Update

Range Resources Releases 2018 CapEx, Proved Reserves Update

Approximately 80% of 2018 capital is projected to be spent in the Marcellus, generating greater than 25% growth

Range Resources Corporation (ticker: RRC) announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current …

Thick Hedge Book and New Pipelines Power Antero Resources into 2016

Thick Hedge Book and New Pipelines Power Antero Resources into 2016

Hedge book’s mark-to-market value listed at $3.1 billion

Attractive hedges have the ability to make a significant impact on company balance sheets, and its positive effects (along with access to favorably priced markets) are apparent in a January 13 business …

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 …

Source: WPX

West Virginia’s Coal Industry is Reeling – Will Shale Gas Take Its Place?

Seal_of_West_Virginia.svgAn Exclusive Interview with Keith Burdette, Secretary of Commerce for West Virginia

Coal has powered West Virginia’s economy for centuries. Generations of West Virginians have come and gone in the Mountain State, and its stalwart blue-collar coal industry continuously attracts …

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 …

Range Resources Maintains Production Growth, Strong Inventory of Wells Awaiting Completion by Yearend

Range Resources Maintains Production Growth, Strong Inventory of Wells Awaiting Completion by Yearend

Number of Oncoming Pipeline Projects in Place through 2017

Range Resources Corporation (ticker: RRC), one of the largest exploration and production companies in the Appalachia region, increased volumes on a quarter-over-quarter basis by 3% in its Q2’15 earnings released on …

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 …

MarkWest Continues Growth Plans Despite Lower Prices

MarkWest Continues Growth Plans Despite Lower Prices

$1.5 to $1.9 billion in 2015 growth capital

Denver based MarkWest Energy Partners LP (ticker: MWE) remains focused on growth, even as oil prices remain low. A recent presentation from the company says the company currently has 20 major projects …

June 22, 2015 - 6:53 pm Midstream, MLPs, Oil and Gas 360 Articles
Range Resources Continues Record-Setting Trend in Q1’15 Results

Range Resources Continues Record-Setting Trend in Q1’15 Results

Leading Natural Gas Producer not Slowing Down

Range Resources (ticker: RRC) maintained its 20% to 25% annual line-of-sight growth strategy in its Q1’15 results, announcing a new production record of 1,328 MMcfe/d in the quarter. Volumes for 2015 are expected …

Cabot Oil & Gas Q1’15 Results Driven by Efficiencies in Two World Class Resource Plays

Cabot Oil & Gas Q1’15 Results Driven by Efficiencies in Two World Class Resource Plays

Cabot Oil & Gas (ticker: COG) continued its rise in production volume in its Q1’15 results, reporting production of 171.4 Bcfe in the quarter. The volume represents increases of 15% and 43% compared to Q4’14 and Q1’14, respectively. Total revenues …

Appalachia Production is Red Hot, but the Henry Hub is Still King

Appalachia Production is Red Hot, but the Henry Hub is Still King

The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least

April 7, 2015 - 6:57 pm Commodity Pricing, Fracing, LNG, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

Southwestern Sells Non-Core Assets, Bumps 2015 Divesture Totals to $718 million

*Update*

Just one day after selling select gathering assets in the Appalachia for $500 million, Southwestern Energy (ticker: SWN) announced the $218 million sale of conventional operations in East Texas and the Arkoma Basin. Both deals were completed with private …

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas (ticker: COG), a large-cap E&P with operations in the Marcellus and Eagle Ford shales, reported company records for production and net income excluding selected items in its year-end 2014 earnings release. Full-year production in 2014 was …

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% …

Rice Midstream Partners Braves Difficult Commodity Market with IPO

Rice Midstream Partners Braves Difficult Commodity Market with IPO

Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the …

December 17, 2014 - 6:26 pm Midstream, MLPs, Oil and Gas 360 Articles
Most Economic Basins at Today’s Oil/Gas Prices

Most Economic Basins at Today’s Oil/Gas Prices

In October, OAG360 examined the internal rate of return (IRR) in two of America’s key shale basins – the Eagle Ford (EF) and Bakken. EnerCom’s analysis showed the Eagle Ford is more economic than its rival basin by a handful …

November 19, 2014 - 6:46 pm Commodity Pricing, Oil and Gas 360 Articles
Sell the Company, Export LNG, or Build an NGV Market?

Sell the Company, Export LNG, or Build an NGV Market?

Philadelphia tries to decide what to do with PGW

The city of Philadelphia has been wrestling with a decision over what to do with city owned utility Philadelphia Gas Works (PGW).

Mayor Michael Nutter spent two years, and PGW spent …

November 13, 2014 - 5:03 pm Oil and Gas 360 Articles
Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

Innovation:  small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel

Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale …

November 5, 2014 - 5:16 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Cabot Oil & Gas Affirms 2015 Growth despite “Challenging” Market

Cabot Oil & Gas Affirms 2015 Growth despite “Challenging” Market

A natural gas market with intense competition and possible oversupply will not deter Cabot Oil & Gas (ticker: COG) from increasing production volumes by 20% to 30% in 2015, the company said on Friday. Cabot, the second largest producer in …

October 24, 2014 - 6:58 pm Earnings, Oil and Gas 360 Articles
What does Chesapeake’s $5.4 billion Marcellus Divesture mean for Magnum Hunter Resources?

What does Chesapeake’s $5.4 billion Marcellus Divesture mean for Magnum Hunter Resources?

Despite the weight the Marcellus/Utica region carries on the oil and gas industry, E&Ps continue to de-risk and explore parts of the play in an attempt to find the elusive “sweet spot.”

Chesapeake Energy (ticker: CHK), one of the play’s …

October 22, 2014 - 5:27 pm Oil and Gas 360 Articles
How One Man’s Decision Cracked Open an Energy Revolution:  the Marcellus Shale Turns Ten

How One Man’s Decision Cracked Open an Energy Revolution:  the Marcellus Shale Turns Ten

The Marcellus shale represents almost 20% of U.S. natural gas production. Ten years ago it was zero.

Jeff Ventura is well aware of the oil and gas history associated with the state of Pennsylvania.

Titusville, 1859—Edwin Drake drilled the …

October 17, 2014 - 5:09 pm Oil and Gas 360 Articles
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

Shell Divests Pinedale and Haynesville, Adds 155,000 Net Acres in the Marcellus and Utica

Royal Dutch Shell (ticker: RDS.A) is shifting around its U.S. onshore assets.

Yesterday, the company announced it will acquire 155,000 net acres in the Pennsylvania Marcellus and Utica from Ultra Petroleum (ticker: UPL). Ultra agreed to pay Shell $925 million …

Marcellus Gas Output Tops 15 Bcf/Day in July

Marcellus Gas Output Tops 15 Bcf/Day in July

Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day.

The shale deposit that now accounts for almost 40% of U.S. shale …

A Tale of Two Shale States: When Will New York Drill the Marcellus?

A Tale of Two Shale States: When Will New York Drill the Marcellus?

Almost half of the state of New York is underlain by the Marcellus shale, the nation’s most prolific natural gas deposit. But thanks to a long running delay in permitting—to study hydraulic fracturing—ever since 2008, the State of New York …

July 30, 2014 - 5:56 pm Fracing, Oil and Gas 360 Articles
Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Rice Energy (ticker: RICE) is an independent natural gas and oil company engaged in the acquisition, exploration and development of hydrocarbons in the Appalachian Basin. The company filed its initial public offering in January 2014. Approximately 33% of the company’s …

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