Appalachia

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Nov. 30, 2022

Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.

November 30, 2022

Public Capital , Methane , Shale Plays

Coterra Energy to Pay $16.3 Million for Pennsylvania Water Contamination Plea

The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.

November 30, 2022

Private Equity , Unconventional , Acquisitions & Divestitures

Appalachia Assets Operated by Seneca Resources Sold to IOG Resources

The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d. 

November 22, 2022

IPO , Shale Plays

Barnett Shale’s Largest Producer BKV Corp Files for IPO

The company, which also has assets in the Marcellus, has an integrated approach that includes upstream, midstream, power generation and carbon capture business lines.

November 18, 2022

Policy & Regulations , Midstream

Equitrans Stops Natgas Leak at Pennsylvania Storage Facility

Equitrans said Rager Mountain can store 9 Bcf of gas. The leaking well, called the George L. Reade 1 storage well, was one of 10 operating storage wells at the facility.

November 18, 2022

Infrastructure , Shale Plays , Storage

Equitrans Expects to Stop Pennsylvania Gas Leak in Next Couple of Days

Equitrans has estimated the size of the leak, which started on Nov. 6 at the facility in Cambria County’s Jackson Township, at about 100 MMcf/d, according to the Pennsylvania Department of Environmental Protection (DEP).

November 17, 2022

Business , Petrochemicals , Midstream

Shell Begins Operations at Polymers Plant in Pennsylvania

Shell's Pennsylvania-based polyethylene manufacturing plant will help accelerate its net-zero emissions targets while providing at least 600 jobs to the northeastern U.S. area.

November 16, 2022

Trends

A&D Minute (Nov. 16, 2022): Diamondback’s $500 Million Divestiture Goal [WATCH]

Also in this week’s A&D Minute: Kimbell Royalty Partners made its largest deal in four years plus find out why EOG Resources CEO Ezra Yacob is comparing the company’s new Utica play’s prospects to the Delaware Basin.

November 16, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Nov. 16, 2022)

Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.

November 16, 2022

Legislation , Energy Transition , Pipelines

Permitting, Infrastructure Woes Block Paths to Net Zero

Williams Cos. CEO Alan Armstrong and other energy leaders are calling for permitting reform that impacts not only natural gas pipelines and infrastructure but also renewables infrastructure.

November 11, 2022