Post Tagged with: "Utica"

Seeking Shale Play Minerals & Royalties

Seeking Shale Play Minerals & Royalties

The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. EnerCom Inc. is not a brokerage firm and does not endorse or

Source: Gulfport Energy

New CFO at Gulfport Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO
Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks

Source: Summit Midstream Partners LP

Summit Midstream Appoints New President and CEO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Summit Midstream Partners appoints J. Heath Deneke as president, CEO and board member
Summit Midstream Partners LP (stock ticker: SMLP), a master limited partnership located in The Woodlands, Texas, has appointed

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

From Reuters


Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12.

Enbridge said in a notice to customers Monday …

Source: Lime Rock Resources

Buyer Revealed in Range’s $634 Million Appalachian Asset Sale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed

Range Sells Appalachian Assets for $634 Million

Range Sells Appalachian Assets for $634 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Range sells royalties in 350,000 net surface acres for $600 million, 20,000 non-producing acres for $34 million
Range Resources Corporation (stock ticker: RRC), a Fort Worth-based independent E&P, has agreed to

Williams Trades 35% Stake in Pipelines for $1.33 Billion

Williams Trades 35% Stake in Pipelines for $1.33 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $3.8 Billion JV in the Marcellus/Utica
Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture today with the Canada

Equals to Merge

Equals to Merge

By Tyler Losier, Energy Reporter, Oil & Gas 360

Oilfield service consolidation rolls on
C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of

Courtesy of Chesapeake

Chesapeake Replaces Utica Oil in Only Two Months

Q4 production exceeds expectations by 14 MBOEPD
Chesapeake Energy (stock ticker: CHK) announced preliminary Q4 production, significantly exceeding expectations.

Chesapeake produced about 463 MBOEPD in Q4, 86.5 MBOEPD of which was composed of oil. Bloomberg reports Chesapeake was expected to

Cabot Updates Ops, Executes Agreements on Leidy South

Cabot Updates Ops, Executes Agreements on Leidy South

Houston-based Cabot Oil & Gas (ticker: COG) provided an operational update for its third quarter yesterday, in light of the in-service date delay for the Atlantic Sunrise Project from August 2018 to October 6, 2018.

Notable points in the operational

October 9, 2018 - 2:48 pm Closing Bell Story‎, Finance
Frac Sand, You Are Now Free to Move about the Marcellus/Utica via Rail and Barge

Frac Sand, You Are Now Free to Move about the Marcellus/Utica via Rail and Barge

Appalachian region’s first unit train/barge transloading facility up and running

In the heart of the Marcellus and Utica shale formations is a project called Long Ridge Energy Terminal. Long Ridge is owned by Fortress Transportation and Infrastructure Investors Ltd (NYSE: …

Eclipse Resources Finds Its Marcellus Wells’ Decline Curve “Much Gentler” than Expected

Eclipse Resources Finds Its Marcellus Wells’ Decline Curve “Much Gentler” than Expected

Eclipse Resources Corporation (ticker: ECR) reported a net loss for Q1 2018 of $2.6 million, or $(0.01) per share. Average net daily production was 315.2 MMcfe/d, consisting of 72% natural gas and 28% liquids.

The company had realized an average …

Courtesy of Chesapeake

Chesapeake “Reinvents the Utica”

Chesapeake Energy Corporation (ticker: CHK) reported net income available to common stockholders of $268 million, or $0.29 per share for Q1 of 2018. Chesapeake’s average daily production for the first quarter of 2018 was approximately 554,000 BOE, compared to approximately …

EQT Records $2.3 Billion Non-Cash Impairment Charge

EQT Records $2.3 Billion Non-Cash Impairment Charge

EQT Corporation (ticker: EQT) reported a net loss of income attributable to EQT of $1,586 million, or $(5.99) per diluted earnings per share.

The net loss attributable to EQT for the first quarter of 2018 was impacted by an impairment …

Eclipse Resources Plans 33 Super Laterals for 2018

Eclipse Resources Plans 33 Super Laterals for 2018

Eclipse Resources Corporation (ticker: ECR) had a net income for 2017 of $8.5 million, or $0.03 per share. For reference, the company had a net loss of $206.7 million, or $(0.86) per share for 2016.

The fourth quarter of 2017 …

Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales …

Antero Resources: Longer, Faster Marcellus Laterals

Antero Resources: Longer, Faster Marcellus Laterals

Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d

Antero Resources

Full-year and Q4 2017 spending

Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …

Utica Shale Adds Ethane Takeaway: Kinder Morgan Opens Valve on Utopia Pipeline System

Utica Shale Adds Ethane Takeaway: Kinder Morgan Opens Valve on Utopia Pipeline System

Houston-based Kinder Morgan, Inc. (ticker: KMI) put its Utopia Pipeline into service, initiating delivery of ethane from Harrison County, Ohio, to Windsor, Ontario, Canada.

The 270-mile Utopia system has an initial capacity of 50,000 barrels per day (bpd) that can …

January 23, 2018 - 5:57 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Eclipse Resources Partners with Sequel Energy in SE Ohio

Eclipse Resources Partners with Sequel Energy in SE Ohio

Eclipse Resources Corporation (ticker: ECR) announced today that it has, through certain subsidiaries, entered into definitive agreements with Sequel Energy Group LLC (an affiliate of GSO Capital Partners LP) on December 22, 2017 to establish the previously announced drilling joint …

Energy Transfer Partners Sells $1.5 Billion Stake in Rover Pipeline Project to Blackstone

Energy Transfer Partners Sells $1.5 Billion Stake in Rover Pipeline Project to Blackstone

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 …

Eclipse Resources Setting More Records with Super Lateral Wells

Eclipse Resources Setting More Records with Super Lateral Wells

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 …

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

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 …

Utica Wells Producing 4.2x More than in January 2014, Beating Permian Efficiencies

Utica Wells Producing 4.2x More than in January 2014, Beating Permian Efficiencies

Despite relatively low rig activity, the Utica shows the strongest gains in production efficiency since January 2014

Baker Hughes Industries (ticker: BHI) released its weekly update on the number of rigs operating in the United States Friday, showing ten more …

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity

AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all …

Energy Prosperity Comes in Many Forms

Energy Prosperity Comes in Many Forms

Ethane’s domino effect in Pennsylvania

The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from …

Trending in the Utica and Marcellus:  Superlaterals

Trending in the Utica and Marcellus: Superlaterals

A detailed look into the drilling of the industry’s longest onshore lateral – an exclusive interview with Eclipse Resources’ COO Tom Liberatore, Halliburton VP Tony Angelle, and Deep Well Services’ Matt Tourigny

As oil and natural gas producers search for …

U.S. Production by Basin

U.S. Production by Basin

Permian, Marcellus Lead U.S., while Eagle Ford Dives Hard

As cost structures are held in check and oil price fluctuations are seemingly without end, producers are evaluating acreage positions and determining what are the best assets.

As covered by Oil …

National Fuel Gas Company – Day Two Breakout Notes

National Fuel Gas Company – Day Two Breakout Notes

National Fuel Gas Company presents at EnerCom’s The Oil & Gas Conference®

 During National Fuel Gas Company’s breakout session, management was asked the following questions:

  • Could you please talk about California at a high level? It seems public companies avoid
EnerCom Conference Presenter Focus: PDC Energy

EnerCom Conference Presenter Focus: PDC Energy

PDC Energy (ticker: PDCE) will be presenting at The Oil and Gas Conference® 21 on Monday, August 15 at 3:30 PM EDT.

PDC is a 40-year old independent E&P company operating in the Wattenberg filed in Colorado and in …

Source: WPX

CONSOL Shifting Toward Dry Utica

CONSOL has 8 Dry Utica Wells, 2 Marcellus Wells on Tap

CONSOL Energy’s (ticker: CNX)  upcoming drill plans include adding back two horizontal rigs which are expected to resume drilling starting in August 2016, the company said in its Q2