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 528,000 BOE in Q1 2017. Chesapeake reported an average rig count of 15 in Q1 2018, with 77 gross wells
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 charge of $2.3 billion associated with the Huron and Permian Plays, increases in other operating costs, lower gains on derivatives
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 showed a net loss of $13.1 million, or $(0.05) per share. In Q4 2016 the company had a net loss
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 of 2,456,195 tons of frac sand in the third quarter of 2017. “Hi-Crush’s performance in the fourth quarter is the
Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d 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 land, excluding $176 million for proved property acquisitions, $346 million for gathering and compression systems and $195 million for water
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 be expanded to more than 75,000 bpd, Kinder Morgan said in a statement. “We are extremely pleased to have placed
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 venture on the company’s Utica Shale acreage in Guernsey and Monroe Counties in southeast Ohio. Drilling joint venture highlights Committed
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
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,
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)
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 rigs active in the country from last week. The Permian remains the most active basin in the country, but despite
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 cash transaction (the “Transaction”) valued at approximately C$8.4 billion. WGL is a diversified energy infrastructure company which is the sole
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