Marcellus/Utica ///

Chesapeake to exit Ohio shale gas in $2-billion divestment

Chesapeake Energy Corp. agreed to sell its Utica Shale assets in Ohio to closely held Encino Acquisition Partners for about $2 billion as the U.S. natural gas giant whittles down its debt and streamlines operations.

Hess Corp. announces $400-million sale of Utica shale acreage

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.

Reveal Energy Services signs first operator volume agreement

Reveal Energy Services has announced the signing of its first operator volume agreement. Arsenal Resources, a pure-play natural gas operator in the Marcellus’ West Virginia core, has agreed to validate the completion designs of its 2018 wells with Reveal Energy Services’ simple, accurate, affordable pressure-based fracture maps.

MEI projects Marcellus, Utica and Permian to supply 55% of U.S. gas by 2030

McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030.

EIA: Longer wells, higher productivity increase Utica gas output amid rig count fluctuation

In April 2018, natural gas production from the Utica formation, located primarily in Ohio, averaged 5.8 Bcfd, or about 7% of total U.S. dry natural gas production.

EIA: Pennsylvania’s natural gas production continues to increase

Pennsylvania’s marketed natural gas production averaged a record 15 Bcfd in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian basin. Pennsylvania accounted for 19% of total U.S. marketed natural gas production in 2017 and produced more natural gas than any other state except Texas.

U.S. output builds on OPEC cutbacks, gas rides LNG expansion

Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.

ShaleTech: Marcellus/Utica Shales

Jim Redden, Contributing Editor

Record laterals help feed new pipelines, plants

New report finds Marcellus shale development unrelated to Pennsylvania mortality rates

Mortality rates in the six Pennsylvania counties with the most Marcellus Shale development have declined or remained stable since shale production began in the region, according to a new Energy In Depth-commissioned report. The findings directly refute accusations from anti-energy groups that the fracing boom is a threat to public health.

EIA: Appalachia drives growth in U.S. natural gas production since 2012

Shale gas production in the Appalachia region has increased rapidly since 2012, driving an overall increase in U.S. natural gas production.

Asian investor steps into America's shale gas market

A relentless flow of natural gas from America’s shale basins is drawing bears to the market—and that’s music to the ears of at least one Asia-backed investor.

Flaring alternative acts as portable produced-water management tool

Mark Patton, Hydrozonix

A new design addresses two of the most common concerns in unconventional plays.

EIA: Pennsylvania’s natural gas production reaches new high

Pennsylvania’s natural gas production reached a new high of 15 Bcfd in October 2017, an increase of 25% from year-ago levels and an increase of 80% from January 2013.

Kalnin Ventures becomes leading player in the Marcellus with $210-million acquisition

Kalnin Ventures LLC has announced that an affiliate of its BKV Oil and Gas Capital Partners, LP fund, has entered into purchase and sale agreements with respect to the Fund’s fifth acquisition of assets in just over two years in the northeast portion of the Marcellus shale.

Cubility signs distribution agreement for solids control technologies in U.S., Canada

Cubility AS, a provider of solids control solutions that improve drilling efficiency, solids control and HSE around the drilling process, has announced two exclusive distribution partnerships with Calgary-based New Tech Solids Inc and Houston-based Stage 3 Separation.

Profit-hungry traders prowl local gas hubs as margins erode

Profit has become so much harder to come by in the huge U.S. market for natural gas that some traders are buying and selling in lesser-known local pipeline hubs, where bigger risks offer the promise of better rewards.

Shale Support partners with Tidewater Logistics for increased access to Marcellus, Utica

Shale Support Holdings, LLC, provider of frac-sands and logistical solutions to the oil and gas proppant market, today announced its partnership with Tidewater Logistics.

API Pennsylvania responds to proposed ban on hydraulic fracturing in the Marcellus

API Pennsylvania (API-PA) responded to the Delaware River Basin Commission’s (DRBC) proposal to ban hydraulic fracturing in the region.

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

Drilling activity is noticeably higher, as American drillers climb out from historically low levels.

EQT dubbed largest U.S. gas driller after $6.7-billion Rice buy

EQT Corp. will become the largest U.S. natural gas producer after agreeing to buy Rice Energy Inc.’s holdings in the hydrocarbon-rich Marcellus shale formation for about $6.7 billion in cash and stock.