Search results for: Marcellus

332 results

A list of search results

  • 23 December 2014

    Statoil agreed to reduce interest in the Marcellus assets from 29% to 23%.

  • 1 April 2015

    Natural gas production from the Marcellus shale formation in the Appalachian basin increased to 14.4 billion cubic feet per day in January 2015, accounting for more than 36% of shale gas production and more than 18% of total dry natural gas production in the United States, according to EIA’s Natural Gas Weekly Update.

  • 6 August 2014

    Natural gas production in the Marcellus region exceeded 15 billion cubic feet per day (Bcf/d) through July, the first time ever recorded, according to EIA’s latest drilling productivity report. The Marcellus region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of […]

  • 1 April 2015

    Natural gas production from the Marcellus shale formation in the Appalachian basin increased to 14.4 billion cubic feet per day in January 2015, accounting for more than 36% of shale gas production and more than 18% of total dry natural gas production in the United States, according to EIA’s Natural Gas Weekly Update.

  • 2 February 2015

    Statoil and Southwestern Energy Company have completed the transaction, whereby Statoil has reduced its average working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%.

  • 23 December 2016

    Anadarko Petroleum has agreed to sell its assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development a unit of Alta Resources Development, for approximately US$1.24 billion.

  • 13 July 2012

    Fitch Ratings believes rapid growth in Marcellus Shale natural gas production presents both opportunities and challenges for U.S. midstream and pipeline companies. Increasing regional demand is expected to continue to spur dramatic production growth, despite low current natural gas prices and environmental concerns over hydraulic fracturing. Fitch Ratings also expects substantial new energy infrastructure will be […]

  • 4 November 2013

    Tennessee Gas Pipeline Company (TGP), a subsidiary of Kinder Morgan Energy Partners, L.P., placed the fully subscribed Northeast Upgrade Project (NEUP) in service on schedule Nov. 1. The approximately $500 million project boosts capacity on TGP’s 300 Line system in Pennsylvania and New Jersey by 636,000 dekatherms per day (dth/d) and provides additional takeaway capacity […]

  • 2 February 2015

    Statoil and Southwestern Energy Company have completed the transaction, whereby Statoil has reduced its average working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%.

  • 24 July 2012

    The U.S. Energy Information Administration (EIA) said in a report that daily natural gas spot prices between Tennessee Gas Pipeline (TGP) Zone 4 Marcellus and Henry Hub have diverged recently largely due to rising Marcellus production, which has outpaced the growth of available take—away pipeline capacity in northern Pennsylvania. As a result, the spot price […]

  • 16 October 2014

    Some natural gas prices at trading hubs in the Appalachian Basin’s Marcellus Shale play are trading well below the national benchmark spot price at the Henry Hub in Louisiana, the U.S. EIA said in a report. Over the past month, spot prices at many Appalachian hubs have dropped below $2 per million British thermal units […]

  • 17 July 2015

    Driven in part by production from Marcellus Shale and other shale plays, natural gas has surpassed coal as the leading source of electricity generation in the U.S.

  • 19 December 2012

    Statoil announced the acquisition of around 70,000 operated net acres in the liquid rich part of the central Marcellus area. The total consideration is 590 million USD.  “The US unconventional plays hold a substantial resource base and represent an increasingly important part of future energy supplies. Statoil is further strengthening its US onshore portfolio by […]

  • 7 July 2014

    Warren Resources executed a purchase and sale agreement to acquire essentially all of the Marcellus assets of Citrus Energy and two additional working interest owners for $352.5 million. As part of the total consideration, Warren will issue $40 million in Warren common stock priced at $6.00 per share, with the remainder to be funded through […]

  • 23 April 2013
    Business & Finance

    Delaware County Council approved a $75,000 grant to be used for the Ridley Park Lake dredging project. According to Jeff Wolfe at the DelCoTimes, the funds for the project became available with revenue made available to the County through the Marcellus Shale Impact Fee. The Marcellus Shale Impact Fee has generated more than $198,000,000 in […]

  • 3 May 2016

    Norwegian energy giant Statoil said it has agreed to divest its operated Marcellus properties in the US state of West Virginia to EQT Corporation for US$407 million. EQT will acquire 62,500 net acres, and current natural gas production of 50 MMcfe per day from Statoil USA Onshore Properties, a unit of Statoil. The transaction is […]

  • 17 July 2015

    Driven in part by production from Marcellus Shale and other shale plays, natural gas has surpassed coal as the leading source of electricity generation in the U.S.

  • 21 November 2012

    The U.S. Energy Information Administration (EIA) said in a report that the number of active oil and natural gas rigs in the Appalachian Basin’s Utica Shale formation for the last week of October 2012 (ending October 26) has doubled compared with the level for the same week in 2011.The growth in active oil-directed rigs has […]

  • 29 December 2011

    Chesapeake Midstream Partners, L.P. (CHKM) announced it has agreed to acquire Appalachia Midstream Services, L.L.C. (AMS), the wholly owned subsidiary of Chesapeake Midstream Development, L.P. that holds its Marcellus Shale midstream assets, for total consideration of $865 million. Chesapeake Midstream Development, L.P. is a wholly owned subsidiary of Chesapeake Energy Corporation. The addition of the […]

  • 22 December 2016

    Mitsui & Co. informed that its United States unit, Mitsui E&P agreed to sell a part of its interest in the Marcellus shale gas project in the state of Pennsylvania, to Alta Resources Development for US$207 million.

  • 26 October 2011

    The Center for Rural Pennsylvania on Tuesday released the findings of a study it conducted on the impact of Marcellus Shale drilling on drinking water supplies. The research was sponsored by a grant from the center, which is a legislative agency of the Pennsylvania General Assembly. The Center for Rural Pennsylvania is a bipartisan, bicameral […]

  • 19 January 2012

    Williams Partners L.P. today announced another significant milestone in building large-scale infrastructure in the Marcellus Shale with the start up of its Springville natural gas gathering pipeline. The Springville pipeline connects Williams Partners’ growing gathering system in northeast Pennsylvania with its Transco interstate gas pipeline, initially moving 300 million cubic feet per day (MMcf/d) of […]