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 good jobs related to natural gas extraction. But putting people to work drilling and producing natural gas and building pipelines to transport it
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 ways to create profitability in today’s market, drillers are looking to make each well they drill more economic than the
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 & Gas 360®, the Permian basin has been the hot bed of activity recently. With IRRs and breakeven costs in
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 it due to taxation and regulations; why do you want to be in it? Are there opportunities for acquisitions in
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 the Utica Shale play in Ohio. Its operations are focused in the liquids-rich horizontal Niobrara and Codell plays and the condensate
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 2016 earnings release. The company is looking to drill eight dry Utica shale wells, located in Monroe County, Ohio, (100% working interest) and two Marcellus
Antero Resources (ticker: AR) has signed an agreement with Southwestern Energy (ticker: SWN) to acquire approximately 55,000 net acres in the core of the Marcellus shale, the company announced on June 9, 2016. Approximately 75% of the 55,000 net acres contains dry Utica rights. The acquisition includes undeveloped properties located primarily in Wetzel, Tyler and Doddridge Counties in West Virginia
Purple Hayes: Eclipse Resources Drills Well with an 18,544 Lateral in the Utica; Nine Energy Service Completes a 124-Stage Plug and Perf Frac on the Well In the Eclipse Resources (ticker: ECR) Q1 earnings call on May 5, Ben Hulburt, Eclipse’s chairman and CEO, dropped a piece of news that’s just now making its way around the circuit. “Perhaps most
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.
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
GPOR Dedicates Acreage in Exchange for Infrastructure Buildout Gulfport Energy (ticker: GPOR) is taking the next step in its recently acquired acreage, reaching a joint venture agreement with a wholly owned subsidiary of Rice Energy (ticker: RICE). The companies expect to invest approximately $640 million for associated midstream assets over the course of the next six years. Rice will construct
The EIA anticipates declines in natural gas production for the first time 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 September. The number of new wells being brought on in every region will not be able to produce enough to
