Kalnin Ventures LLC announced today that an affiliate of its BKV Oil and Gas Capital Partners, LP fund has entered into purchase and sale agreements with respect to the fund’s sixth acquisition in thirty months in the Northeast portion of the Marcellus Shale. Kalnin said it expects the deal to close by the end of December 2017. The Fund is
Mountain Valley Pipeline project expected to receive remaining permits and approvals in Q4 2017, with construction to commence soon after EQT Corporation (ticker: EQT) released its Q3 earnings report today. EQT Q3 Highlights and financial results Production sales volume was 5% higher than Q3 2016 Average realized price was 26% higher than Q3 2016 Received FERC Certificate for Mountain Valley
RRC: the last of Range Resource’s natural gas transportation projects are coming on line Q3 Stats Year to date 2017 GAAP net income was $112 million, or $0.45 per diluted share, compared to a net loss of $361 million, or $2.10 per share in the comparable period of 2016 Year to date net cash provided from operating activities (GAAP) was
Range Resources: generating average recoveries in the Marcellus between 2.5 – 3 Bcf per 1000 feet of lateral At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Marcellus producer Range Resources (ticker: RRC) Chairman, President & CEO Jeff Ventura. Credited with discovering and launching the Marcellus shale play, Range
Production approaching 2 Bcfe per day During its second quarter of 2017, Range Resources (ticker: RRC) reported a net income of $70 million as compared to a net loss of $225 million a year ago. The company’s cash margins grew to $1.09 per Mcfe up from $0.70 per Mcfe in Q2, 2016. Range reached a new record in production at
Two subsidiaries of Energy Transfer Partners (ticker: ETP), Energy Transfer Interstate Holdings, LLC and ET Rover Pipeline LLC, announced July 31 that they would be selling a 49.9% interest in HoldCo, which owns a 65% interest in the Rover Pipeline—amounting to a 32.44% stake of the pipeline. The sale of the pipeline interest is going to Blackstone Energy Partners and
When Range Resources (ticker: RRC) completed the Renz #1 well in Pennsylvania, the Marcellus play was proven to be a viable resource play for natural gas. That was back in 2004. Today many of the large U.S. independents operate in the Marcellus, a vast shale formation that stretches from southwestern Virginia to southern New York. The play’s prospective area is
Centered in Eastern Ohio, Eclipse Resources (ticker: ECR) holds approximately 113,500 net acres in the Utica shale, with approximately 14,000 prospective net acres in the liquids rich Marcellus. The company entered the Utica play in 2011 and, since then, has drilled over 225 wells in the area. During Q1, 2017, Eclipse averaged 290 Mmcfe per day—which topped the company’s Q1,
Enerplus Resources Corporation (ticker: ERF) has three main operation centers in the Williston basin, the Marcellus shale, and Canadian waterflood operations. Enerplus’ Williston basin is responsible for the lion’s share of the company’s production, with 25,100 BOEPD leaving the basin. Following behind the Williston are the Canadian waterflood operations, which account for an average of 13,600 BOEPD, and behind that
Cabot Oil and Gas (ticker: COG) is building steadily within its core Marcellus and Eagle Ford assets, through cost reduction in drilling and completions and through the addition of wells in both areas. In its Marcellus play, Cabot expects to drill 60 wells and complete 51 over the course of 2017. This development is on top of an existing 517
EnerCom presenter focus: Range is presenting at EnerCom’s 22nd The Oil & Gas Conference August 13-17, 2018 When Marcellus gas giant Range Resources (ticker: RRC) announced it would acquire Memorial Resource Development in May of 2016, the deal was an attention getter in an industry beset by severe downturn doldrums. The Range-Memorial deal was an all-stock transaction valued at $4.4 billion
FERC is out of gas without a quorum For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get some relief from FERC-approved pipeline projects, FERC ran out of gas—at least temporarily. So far in 2017, the Federal Energy Regulatory Commission (FERC)
