Marcellus Shale RSS Feed

National Fuel Reports First Quarter Earnings

Fri, 3 Feb 2012 00:00:00 -0600

National Fuel Gas Company announced consolidated earnings for the first quarter of its 2012 fiscal year (the quarter ended December 31, 2011).

Dawson Geophysical Reports Fiscal First Quarter 2012 Results

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

Dawson Geophysical Company reported revenues of $92,382,000 for the quarter-ended December 31, 2011, the Company's first quarter of fiscal 2012, compared to $72,653,000 for the same quarter in fiscal 2011, an increase of 27 percent.

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.

Chevron Reports Fourth Quarter Net Income of $5.1 Billion

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

Chevron Corporation reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter.

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.

Cabot Oil & Gas Corporation Comments on EPA Decision

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

Cabot Oil & Gas Corporation announced that its Chairman, President and Chief Executive Officer, Dan O. Dinges, sent a letter to the United States Environmental Protection Agency (EPA) Administrator Lisa Jackson regarding the decision of the Agency to initiate a water sampling program in Dimock Township, Pennsylvania.

CONSOL Energy Reports Fourth Quarter Net Income and Record Annual 2011 Net Income

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

CONSOL Energy Inc., the leading diversified fuel producer in the Eastern United States, reported net income for the quarter ended December 31, 2011 of $196 million, or $0.85 per diluted share, compared to $104 million, or $0.46 per diluted share from the year-earlier quarter.

Stone Energy Announces Reserve Growth, Capital Expenditure Budget and Operational Update

Tue, 24 Jan 2012 00:00:00 -0600

Stone Energy Corporation announced 2011 year-end estimated reserves, 2012 capital expenditure budget, and 2012 guidance ranges. Stone also provided an operational update.

Epsilon Energy Ltd. Achieves Production Milestone in Marcellus

Tue, 24 Jan 2012 00:00:00 -0600

Epsilon Energy Ltd. announced that net production from the JV with Chesapeake Energy Corporation ("Chesapeake") in Susquehanna County, PA, has reached 28 MMCF/D.

A Requiem For Domestic Natural Gas?

Mon, 23 Jan 2012 15:35:00 -0600

Chesapeake is joining the small--but growing--list of operators who plan to curtail drilling in dry gas basins.

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.

ONEOK Increase 2011 Earnings Guidance

Fri, 20 Jan 2012 00:00:00 -0600

ONEOK Partners, L.P. announced that its 2011 net income and distributable cash flow (DCF) are expected to be higher than the ranges provided on Nov. 1, 2011.

EPA to Begin Sampling Water In Dimock, PA.

Fri, 20 Jan 2012 00:00:00 -0600

The U.S. Environmental Protection Agency announced today that it plans to perform water sampling at approximately 60 homes in the Carter Road/Meshoppen Creek Road area of Dimock, Pa. to further assess whether any residents are being exposed to hazardous substances that cause health concerns.

West Virginia Rig Count, Monthly Chart

Fri, 20 Jan 2012 00:00:00 -0600

Williams Partners’ Springville Pipeline Connects to Marcellus

Thu, 19 Jan 2012 00:00:00 -0600

Williams Partners L.P. announced another significant milestone in building large-scale infrastructure in the Marcellus Shale with the start up of its Springville natural gas gathering pipeline.

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.

PVR Partners Announces Acquisition of Marcellus Shale Pipeline Easement

Fri, 13 Jan 2012 00:00:00 -0600

Penn Virginia Resource Partners, L.P. announced that it has acquired an option to purchase a pipeline easement in Susquehanna County along a 28.8 mile right-of-way corridor in the Pennsylvania Marcellus Shale.

Cabot Clarifies Marcellus Prices

Thu, 12 Jan 2012 00:00:00 -0600

Cabot Oil & Gas Corporation announced that in the fourth quarter of 2011 the Company realized over $3.90 per Mcf for its Marcellus gas in Northeast Pennsylvania.

Shale Natural Gas Fueling Pennsylvania Hotel Industry

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

While the vast majority of U.S. lodging markets were suffering from declines in revenue during the recent recession, hotels in northeastern Pennsylvania bucked national trends and achieved significant growth in RevPAR each and every year from 2007 through 2011.

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.

Talisman Energy Unveils Its 2012 Capital Plan

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

In Canada in 2012, Talisman Energy Inc. will focus on the Montney and Duvernay plays.