Post Tagged with: "Marcellus"

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

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

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 …

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

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

“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 …

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

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

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 …

Range Resources’ Q1 2016 Financial, Operations, Marketing Results

Range Resources’ Q1 2016 Financial, Operations, Marketing Results

Range Resources Q1 2016 Results

Range Resources Corporation (ticker: RRC) reported its Q1 2016 earnings . Following are highlights from  the quarter with a conference call recap.

Q1 Highlights

  • Unit costs reduced by 10%, or $0.29 per mcfe compared to
Cost Structure in the Marcellus

Cost Structure in the Marcellus

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 …

Source: WPX

Natural Gas Pricing and Marcellus Differentials

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 …

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

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

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 …

Source: WPX

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

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 …

January 27, 2016 - 6:20 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Near-Term Gas Decline Expected in All Major Shale Regions

Near-Term Gas Decline Expected in All Major Shale Regions

The EIA anticipates declines in natural gas production for the first time

Natural gas

The Energy Information Administration (EIA) expects to see near-term declines in the amount of natural gas produced in the seven major shale regions for the first time in …

A Better View of the Marcellus

A Better View of the Marcellus

EIA releases new maps detailing the structure of the Marcellus Shale

The Energy Information Administration (EIA) today released updated geologic maps of the Marcellus formation. Well data was used to construct maps showing the formation, extent and structure of …

Chart of the Week – Well Cost Sensitivity

Chart of the Week – Well Cost Sensitivity

EnerCom’s Analytics Team ran an analysis of well costs for various basins. The “Current Well Costs” bar shown in the chart represents an average of actual 2014 well costs for a group of E&P companies operating in each basin. The …

December 12, 2014 - 6:55 pm Chart of Week
Source: WPX

Southwestern Energy Expands Acreage in Marcellus

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 …

December 3, 2014 - 4:26 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Graph of the Week – Cost of Living in the Oil Patch

Graph of the Week – Cost of Living in the Oil Patch

What Does $3,500 a Month Rent Get You in the Oil Patch?

chart-cost-of-living-by-resource-basin

If you know anyone looking for an oilfield job, they might pick their basin by looking at how much the monthly rent for a home, apartment or condo …

October 21, 2014 - 8:08 pm Chart of Week, Oil and Gas 360 Articles

Comparing National Fuel Gas to its exploration and production peers

In this article, we'll compare National Fuel Gas with some of its larger E&P peers that operate in the Marcellus Shale.

October 21, 2014 - 9:00 am Energy RSS

Pa. studies on shale-site air emissions incomplete, according to court documents

Three widely cited state studies of air emissions at Marcellus Shale gas development sites in Pennsylvania omit measurements of key air toxics and calculate the health risks of just two of more than two dozen pollutants.

October 20, 2014 - 12:05 am Energy RSS

Impact fees benefit Alle-Kiski Valley

Since Marcellus shale gas drillers began paying the state-imposed impact fee three years ago, the money has helped Alle-Kiski Valley communities fix roads, improve parks …

October 19, 2014 - 12:16 am Energy RSS

Southwestern Energy to buy $5.4 bln in assets from Chesapeake

* Southwestern to buy assets in Marcellus and Utica shale fields * Southwestern shares at 2-yr low indicating co is overpaying * Southwestern adds 435 horizontal wells through deal (Adds Breakingviews column link, updates share movement) Oct 16 (Reuters) – …

October 16, 2014 - 5:48 pm Energy RSS

Chesapeake has $5B deal to sell part of its Marcellus portfolio

Chesapeake Energy Corp. announced Thursday that it will shed its liquids-rich Marcellus Shale acreage in a $5.38 billion deal with Southwestern Energy Co.

October 16, 2014 - 11:20 am Energy RSS

The Wall Street Journal: Chesapeake Energy selling 435 wells to Southwestern Energy for $5.4 billion

The move will expend Southwestern’s position in the Marcellus Shale.

October 16, 2014 - 10:41 am Energy RSS

Chesapeake dumps Marcellus, Utica shale

Daniel J. Graeber OKLAHOMA CITY, Oct. 16 (UPI) — Chesapeake Energy Corp. said Thursday it was selling its Utica and Marcellus shale assets to rival Southwestern Energy Co. for more than $5 billion.

October 16, 2014 - 9:08 am Energy RSS

Chesapeake Sells Shale Assets To Southwestern Energy For $5.375 Billion

Chesapeake Energy Corp. said Thursday it's selling shale assets to Southwestern Energy Co. for $5.375 billion.

October 16, 2014 - 8:28 am Energy RSS

SW Energy snaps up assets in Marcellus, Utica

Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. The acquisition includes 256 operated and producing …

October 16, 2014 - 8:06 am Energy RSS

Chesapeake to Divest Appalachian Shale Fields

The transaction includes drilling rights in the southern Marcellus Shale and eastern Utica Shale in West Virginia and Pennsylvania, Oklahoma City-based Chesapeake said in a statement today.

October 16, 2014 - 7:58 am Energy RSS

Chesapeake Energy Corporation Announces Sale of Southern Marcellus and Utica Shale Assets for Proceeds of $5.375 Billion

Chesapeake Energy Corporation announced that it has executed a Purchase and Sale Agreement to sell assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia to Southwestern Energy Company for aggregate proceeds of …

October 16, 2014 - 7:01 am Energy RSS

Chesapeake Energy Corporation Announces Sale of Southern Marcellus and Utica Shale Assets for Proceeds of $5.375 Billion

Chesapeake Energy Corporation announced that it has executed a Purchase and Sale Agreement to sell assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia to Southwestern Energy Company for aggregate proceeds of …

October 16, 2014 - 7:01 am Energy RSS

Union-Employer Study Cites Marcellus Shale Construction Job Boom

Survey says region's oil and gas development has spawned 45,000 new jobs since 2008.

October 15, 2014 - 9:11 am Energy RSS

Marcellus Shale truck safety summit proposed

Two local politicians are proposing a regional “truck safety summit” in which Marcellus Shale companies will be asked to review their traffic safety procedures.

October 14, 2014 - 11:15 pm Energy RSS

Cabot Oil & Gas Is A Value Buy

By Value Investor. Read more » » Related Stocks: COG , OKE , EQT ,

October 13, 2014 - 4:32 pm Energy RSS

Candidates discuss unemployment, Marcellus shale

Democrat A.J. Boni and Republican Ryan Warner, candidates for the 52nd district, tackled a variety of issues during a recent meeting of the Herald-Standard editorial board, including the Marcellus sha

October 13, 2014 - 4:38 am Energy RSS

Promoters see energy hub, economic revival in transmission of Marcellus fuel

HOUSTON, Pa. – Philadelphia's reindustrialization starts 300 miles away at a sprawling processing plant in Southwestern Pennsylvania where liquid fuels extracted from Marcellus Shale gas begin a cross-state journey to the Delaware River.

October 12, 2014 - 3:19 am Energy RSS