Marcellus Shale – Page 7

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

May 17, 2016

Next Best Bid Behind Vantage was $335 Million; Bids Exceed Rice Energy’s “Stalking Horse” Offer of $200 Million Bankrupt coal giant Alpha Natural Resources (ticker: ANRZQ) announced today that Colorado-based privately held gas producer Vantage Energy was the successful bidder for its subsidiary Pennsylvania Land Resources’ oil and natural gas assets (PLR assets) in Southwest Pennsylvania. Vantage’s winning cash bid

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

May 16, 2016

“We believe the returns in Terryville rival the Southern Marcellus”: Jeff Ventura Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it will acquire all of the outstanding shares of Memorial Resource Development Corp. (ticker: MRD) in an all-stock transaction valued at $4.4 billion. The acquisition by Range of Memorial places the

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

May 2, 2016

Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas EQT Corporation (ticker: EQT) announced it will acquire 62,500 net acres and 50 MMcfe/day of production from Statoil’s core Marcellus stake for $407 million, subject to customary closing conditions.

Cost Structure in the Marcellus

March 23, 2016

The Growth of the Marcellus The growth of drilling, acquisition, and production in the Marcellus has been fast and furious since gaining the notoriety as one of the planet’s premier natural gas plays. Companies with natural gas exploration experience flocked to the area, gobbled up acreage positions and continued to improve techniques to drive increased production in the region. Production

Natural Gas Pricing and Marcellus Differentials

March 22, 2016

Discount to Henry Hub has Narrowed The spread between natural gas prices at Henry Hub and pricing in the hubs around the Marcellus has been indicative of the supply glut and the status of infrastructure in the area. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica

Cabot Oil & Gas Shows Double-Digit Production and Reserves Growth

February 19, 2016

Cabot continues beating estimates amid global glut Many oil and gas companies are struggling to stay afloat as the global oil supply glut continues, pressuring crude oil prices near historic lows. More bankruptcies are expected to come in the next six months as bank redeterminations take their toll on companies with fewer reserves to use as collateral for their credit

Natural Gas: Growing Infrastructure Shrinks Marcellus-Henry Hub Price Gap

January 27, 2016

The spread between natural gas prices at Henry Hub and in the North East are narrowing as infrastructure increases, according to information from the Energy Information Administration. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica shale plays in Pennsylvania, West Virginia, and Ohio constantly trade lower

Thick Hedge Book and New Pipelines Power Antero Resources into 2016

January 14, 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 update from Antero Resources (ticker: AR). The Appalachia-focused producer reported a realized natural gas price (after settled commodity derivatives) of

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

December 10, 2015

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 the upside through advantageous acquisitions, reliable takeaway capacity, attractive hedges and low-cost production. Or a combination of factors. Today’s focus

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

November 20, 2015

An 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 the next wave of young people in search of a career in the rolling hills of Appalachia. But the latest generation

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

October 29, 2015

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 there isn’t room for improvement. In the last four years, Range has exploited its Appalachia acreage (now in the neighborhood

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

October 13, 2015

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 on preliminary targets released in an operations update on October 13, 2015. The significant jump is planned on top of

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