Marcellus Shale – Page 9

Southwestern Energy Expands Acreage in Marcellus

December 3, 2014

Southwestern announced yesterday the addition of 46,700 net acres to its expanding Marcellus play. Southwestern Energy Company (ticker: SWN) released a statement yesterday saying that it has signed an agreement to purchase oil and gas assets, including approximately 46,700 net acres in northeast Pennsylvania, from WPX Energy, Inc. (ticker: WPX) for approximately $300 million. The acreage is currently producing approximately

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Most Economic Basins at Today’s Oil/Gas Prices

November 19, 2014

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 of percentage points, no matter the price. Oil prices for West Texas Intermediate crude have hovered around the $75 per

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

November 5, 2014

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 region with at least a dozen 20 megawatt (MW) electrical generation stations to support regional production. The stations are intended

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

October 24, 2014

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 the Marcellus Shale, increased production by 3.7% on a quarter-over-quarter basis in its Q3’14 earnings release. The volume is a

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

September 29, 2014

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 initial production rate of 46.5 MMcf after being drilled to a true vertical depth of 10,825 feet (including a 5,289

EIA Report: June Dry Gas Production 70.2 Bcf/day, Consumption 58.2 Bcf/day

August 29, 2014

The EIA released its August Natural Gas Monthly report, including production data through June as follows: Preliminary dry gas production for June 2014 of 2,106 billion cubic feet (Bcf) or 70.2 Bcf/day. This is the fourth consecutive month where the Bcf/day dry production value set the record for the highest ever for any month. June’s 70.2 Bcf/day is a slight

CNBC: Range Resources Jeff Ventura on Marcellus Production Growth

August 28, 2014

The industry will celebrate the 10th Anniversary of the first Marcellus well that was drilled by Range Resources back in October 2004. Jeff Ventura appeared on CNBC’s Mad Money with Jim Cramer to discuss near-term production growth objectives in the Marcellus. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as

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

August 15, 2014

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 for 100% of Shell’s Pinedale asset in Wyoming. In separate agreement, Shell has agreed to sell 100% of its Haynesville

Marcellus Gas Output Tops 15 Bcf/Day in July

August 5, 2014

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 gas production blew past that milestone and it has now achieved another milestone: natural gas production in the Marcellus region surpassed

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

July 30, 2014

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 has dragged its feet on shale development. In doing so it has kept landowners, citizens, municipalities and itself from benefiting

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

July 7, 2014

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 shares are owned by management following the closing of $900 million in unsecured senior notes in April 2014. Proceeds from

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

June 27, 2014

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 the world’s top natural gas producer. Reports from the EIA show production from the Marcellus has increased, on average, by

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