Pipelines , Natural Gas , Policy & Regulations

In Service: Appalachian E&Ps Banking on MVP for Bigger Returns

Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said.

June 14, 2024

Acquisitions & Divestitures , Pipelines

Phillips 66 to Sell Interests in Rockies Express Pipeline to Tallgrass

Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments.

June 14, 2024

Natural Gas

NatGas Punches Above $3 Thanks to Summer Heat, Curtailments

Natural gas prices, stuck in the doldrums since January, have been slowly rising since May.

June 11, 2024

Top IP Wells , Field Development , Shale Plays , Crude Oil , Natural Gas liquids (NGL)

Utica Oil: Encino Energy’s Liquids Wells Top the Charts in Ohio

Encino Energy’s first-quarter wells took the top five spots in Ohio as the company’s liquids output accounted for more than half of the state’s 7.23 MMbbl first-quarter total.

June 11, 2024

Lease Sales

Marketed: Gulfport Appalachia Utica Oil Opportunity

Gulfport Appalachia LLC has retained EnergyNet for the sale of three EOG operated Utica wells in Noble County, Ohio.

May 22, 2024

Lease Sales

Marketed: Stone Hill Minerals Holdings Mineral & Royalty Package in Pennsylvania

Stone Hill Minerals Holdings LLC has retained EnergyNet for the sale of a mineral and royalty 99 well package in Susquehanna and Greene counties, Pennsylvania.

May 22, 2024

Emerging Plays , Heavy Oil , Earnings

EOG: Utica Oil Can ‘Compete with the Best Plays in America’

Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.

May 9, 2024

IPO , Shale Plays , Exploration & Production

U.S. Shale-catters to IPO Australian Shale Explorer on NYSE

Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.

May 4, 2024

Acquisitions & Divestitures , Gathering & Processing , Compression

Antero Midstream Buys Summit Midstream Assets in $70M Deal

The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.

May 3, 2024

Natural Gas , Earnings , Mergers , Exploration & Production

Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal

Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.

May 2, 2024