Utica Shale RSS Feed

MarkWest Announces Processing and Fractionation Infrastructure for the Marcellus and Utica Shales

Wed, 1 Feb 2012 00:00:00 -0600

MarkWest Energy Partners, L.P. announced expansion plans for the Marcellus and Utica shales that include more than 600 million cubic feet per day (MMcf/d) of additional processing capacity and 140,000 barrels per day (Bbl/d) of incremental fractionation capacity.

Magnum Hunter Provides Fourth Quarter 2011 Company Wide Operational Update

Mon, 30 Jan 2012 00:00:00 -0600

Magnum Hunter Resources Corporation announced an operational update on each of the Company's three upstream unconventional resource plays for the fourth quarter of 2011 which include the Eagle Ford Shale, the Williston Basin, and the Appalachia/Marcellus/Utica Shale.

Dominion Announces 2011 Earnings

Fri, 27 Jan 2012 00:00:00 -0600

Dominion announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2011, of $1.41 billion ($2.45 per share), compared with reported earnings of $2.81 billion ($4.76 per share) for the same period in 2010.

Huge Increases In NGL Production Out Of Pennsylvania Highlight Effects Of Marcellus Shale

Fri, 27 Jan 2012 00:00:00 -0600

The Marcellus and Utica shales have had strong impacts on natural gas processing in the state of Pennsylvania.

PDC Energy Reports 2011 Production, Reserve Replacement and Proved Reserves

Thu, 26 Jan 2012 00:00:00 -0600

Petroleum Development Corporation reported 2011 key operating results including production and year-end reserves, and provided 2012 capital budget details and production estimates.

EQT Reports Full-Year Earnings and Production

Thu, 26 Jan 2012 00:00:00 -0600

EQT Corporation announced 2011 earnings of $479.8 million, 111% higher than the $227.7 million earned in 2010.

Chesapeake Updates Its 2012 Operating Plan in Response to Low Natural Gas Prices

Mon, 23 Jan 2012 00:00:00 -0600

Chesapeake Energy Corporation provided an update on additional steps it is taking to continue creating shareholder value in response to the lowest natural gas prices in the past 10 years.

Cambrian Announces Corporate Update

Wed, 18 Jan 2012 00:00:00 -0600

Cambrian announces very good progress in Kentucky.

Rex Energy Corporation Provides Operational Update

Wed, 18 Jan 2012 00:00:00 -0600

Company Achieves High End of Previously Issued Production Guidance and Delivers Fifth Consecutive Period of Double Digit Sequential Production Growth

CONSOL Energy Announces Operations Update

Tue, 17 Jan 2012 00:00:00 -0600

CONSOL Energy Inc., the leading diversified fuel producer in the Eastern U.S., is providing an operations update for the quarter ended December 31, 2011.

Four Wells Equals $3.4 Billion

Tue, 17 Jan 2012 00:00:00 -0600

Chesapeake Energy pioneered the strategy of assembling ultra-large lease holdings in the shale plays, and then monetizing those assets through sales and joint ventures. On the heels of its Utica JV, it now says those days are winding down.

Select Energy Services Opens Utica Shale Headquarters in Carroll County, Ohio

Wed, 11 Jan 2012 00:00:00 -0600

Select Energy Services (SES), a leading provider of engineered water solutions and well site services to the oil and gas industry, announced that a new office in Carroll County, Ohio will serve as its base of operations for its Utica Shale operations.

CONSOL Energy Announces 2012 Capital Budget

Tue, 10 Jan 2012 00:00:00 -0600

CONSOL Energy Inc.'s Board of Directors has approved a 2012 Capital Budget of $1.7 billion , an increase from $1.4 billion invested in 2011. The budget includes $720 million for coal, $755 million for gas, $135 million for water, and $110 million for other.

Chart: Appalachian Basin Rig Count As Of January 27, 2012

Wed, 4 Jan 2012 00:00:00 -0600

New York, Ohio, Pennsylvania, Virginia and West Virginia

Enterprise to Build Marcellus/Utica Shale Ethane Pipeline

Wed, 4 Jan 2012 00:00:00 -0600

Enterprise Products Partners L.P. announced that it has received sufficient transportation commitments to support development of its 1,230-mile Appalachia to Texas pipeline (“ATEX Express”) that will deliver growing ethane production from the Marcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to the U.S. Gulf Coast.

Devon Energy And Sinopec to Work Together in Five Unconventional Plays

Tue, 3 Jan 2012 00:00:00 -0600

Devon Energy Corporation announced it has signed an agreement with Sinopec International Petroleum Exploration & Production Corporation (SIPC) whereby SIPC will invest $2.2 billion in exchange for one-third of Devon’s interest in five new venture plays.

Total and Chesapeake to Work Together in Utica Shale Venture

Tue, 3 Jan 2012 00:00:00 -0600

Chesapeake Energy completes the sale of one quarter of its interests in an Ohio Utica shale JV to Total.

A Top 10 Of U.S. E&P Stories

Tue, 3 Jan 2012 00:00:00 -0600

From (Mississippi) Lime to sloughing (Tuscaloosa Marine) shale, the industry has posted yet more new horizontal oil and gas-liquids plays.

New Utica Midstream Venture Announced By MarkWest And Energy & Minerals Group

Fri, 30 Dec 2011 00:00:00 -0600

MarkWest closes the acquisition of interests in Liberty Midstream and announces a new Utica midstream venture, both with The Energy & Minerals Group.

EnerVest CEO Lauds Ohio’s Regulatory Climate

Wed, 21 Dec 2011 10:45:00 -0600

A ‘suspicious public’ warrants a need for tough regulations in the Utica shale, Walker says.

Spectra Energy, American Electric Power and Chesapeake Energy To Develop Ohio Infrastructure Project to Serve Utica Shale

Wed, 21 Dec 2011 00:00:00 -0600

Eclipse Resources Offers Ohio Utica Joint Venture Opportunity

Tue, 20 Dec 2011 12:08:00 -0600

The package includes a 50-50 joint venture opportunity on a Utica leasehold position of approximately 27,000 net acres, including 350 net mineral acres.

Questerre Executes Unconventional Oil Strategy

Fri, 16 Dec 2011 00:00:00 -0600

FERC Approves Spectra's TEAM 2012 Expansion

Wed, 30 Nov 2011 12:32:00 -0600

Spectra Energy's TEAM 2012 is the first in a series of projects designed to move Marcellus shale and other Appalachian natural gas supplies from southwestern Pennsylvania, Ohio and West Virginia to various markets, including the Northeast.

PDC Energy Fully Focused On The Utica, Marcellus

Tue, 29 Nov 2011 15:14:00 -0600

James M. Trimble, president and chief executive at PDC Energy Corp., shared news of the company's efforts in the Marcellus and Utica shale plays.