Appalachia – Page 2 – Oil & Gas 360

Range Resources Releases 2018 CapEx, Proved Reserves Update

January 25, 2018

Approximately 80% of 2018 capital is projected to be spent in the Marcellus, generating greater than 25% growth Range Resources Corporation (ticker: RRC) announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current strip prices and generates annual production growth of approximately 11%. Additionally, Range announced a five-year outlook from 2018 through 2022

Southwestern Energy: Shifting to Appalachia

June 21, 2017

Holding the title of the United States’ third largest natural gas producer, and with activities in the Northeast Appalachia, Southeast Appalachia, and the Fayetteville Shale, Southwestern Energy (ticker: SWN) is primarily focused on building and maintaining its natural gas production. Southwestern reported its 2016 reserves as 5,253 Bcfe and its cumulative 2016 production at 875 Bcfe. In its Northeast Appalachia

Cost Structure in the Marcellus

March 23, 2016

The Growth of the Marcellus The growth of drilling, acquisition, and production in the Marcellus has been fast and furious since gaining the notoriety as one of the planet’s premier natural gas plays. Companies with natural gas exploration experience flocked to the area, gobbled up acreage positions and continued to improve techniques to drive increased production in the region. Production

Largest Natural Gas Draw of the Season Can’t Outpace Builds

January 22, 2016

Natural gas draw of 178 Bcf for the week ended January 15 The Energy Information Administration (EIA) released its natural gas data for the week ended January 15, showing a draw of 178 Bcf, bringing gas-in-storage levels to 3,297 Bcf. Despite the draw last week, natural gas storage remains 660 Bcf higher than the same time last year. The week’s

Energy Market Upside: Range Resources Exploiting America’s Largest Shale Gas Play

January 5, 2016

Increasing takeaway capacity, reduced debt, creating profit from byproducts, 20% growth rate As the oil and gas industry dives into 2016, energy executives and investors alike are hoping the new year can distance itself from the bull market of 2015. Despite the 14 (going on 15) month commodity price downturn, some companies have positioned themselves for capturing the inevitable rebound

Antero Resources: Utica Success Pushes YoY Growth Forecast to 25%-30% for 2016

October 13, 2015

Utica Accounts for 25 of Antero’s 31 Drilled Wells in Q3’15; Up to 50 Deferred Completions Figure in 2016 Guidance Management of Antero Resources (ticker: AR) believes the company can achieve year-over-year growth of 25% to 30% in 2016, based on preliminary targets released in an operations update on October 13, 2015. The significant jump is planned on top of

Gastar Exploration’s Second Utica Well Returns 36.8 MMcf/d

June 30, 2015

High Rates Continue from the Dry Gas Window On June 30, 2015, Gastar Exploration (ticker: GST) reported its Blake U-7H well located in the dry gas Utica Shale region of Marshall County, West Virginia, produced at a peak 48-hour gross rate of 36.8 MMcf/d. On a restricted flow basis, its post peak rate 30-day production averaged 20.2 MMcf/d. Gastar holds

Utica Shale Review: The Evolution of a World Class Shale Play

June 17, 2015

“Unlocking the key” to unconventional plays is a popular moniker in today’s oil and gas market. Among the trickiest of plays to master is the Utica Shale, located across Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia. The Utica lies beneath the Marcellus Shale, which was first discovered in 2004 by Range Resources (ticker: RRC), and has roughly matched

Range Resources Announces 2015 CapEx and Record Well in the Utica

December 15, 2014

Utica/Point Pleasant well sets Appalachia record Range Resources (ticker: RRC) announced today its 2015 capital budget and initial results from its Utica/Point Pleasant well located in Washington County, Pennsylvania. Range has set its 2015 capital budget at $1.3 billion, a decrease of 18% versus its 2014 capital budget. The company said that the decrease is a result of improving capital

Range Resources Sets Company Production Volume Record in Third Quarter Earnings Release

November 1, 2013

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas. Range Resources announced

Penn Virginia Completes $100MM Transaction to Fund Future Oil Growth

July 17, 2012

Penn Virginia Corporation (ticker: PVA) announced it entered into a Purchase and Sale Agreement to sell substantially all of its Appalachian assets, with the exception of the Marcellus Shale, to an undisclosed buyer for gross cash proceeds of $100MM. The sale is expected to close before mid-August 2012 with an effective date of January 1, 2012. PVA intends to use

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