Marcellus Shale – Page 8

Range Resources Maintains Production Growth, Strong Inventory of Wells Awaiting Completion by Yearend

August 3, 2015

Number of Oncoming Pipeline Projects in Place through 2017 Range Resources Corporation (ticker: RRC), one of the largest exploration and production companies in the Appalachia region, increased volumes on a quarter-over-quarter basis by 3% in its Q2’15 earnings released on July 28, 2015. The flow of 1,373 MMcfe/d are a company record and are expected to climb to 1,390 to

Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

July 28, 2015

Per well efficiencies up 2.6x in the Marcellus and 22.3x in the Utica since 2012 Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the United States since 2012, according to the Energy Information Administration (EIA). Natural gas from shale basins is now responsible for 56%

MarkWest Continues Growth Plans Despite Lower Prices

June 22, 2015

$1.5 to $1.9 billion in 2015 growth capital Denver based MarkWest Energy Partners LP (ticker: MWE) remains focused on growth, even as oil prices remain low. A recent presentation from the company says the company currently has 20 major projects under construction, and forecasts $1.5 to $1.9 billion in capital investment for 2015. The company’s focus on pipelines and associated

Range Resources Continues Record-Setting Trend in Q1’15 Results

April 29, 2015

Leading Natural Gas Producer not Slowing Down Range Resources (ticker: RRC) maintained its 20% to 25% annual line-of-sight growth strategy in its Q1’15 results, announcing a new production record of 1,328 MMcfe/d in the quarter. Volumes for 2015 are expected to average 1,394 MMcfe/d (30% liquids) for the fiscal year based on the company’s guidance of 20% growth, even though

Cabot Oil & Gas Q1’15 Results Driven by Efficiencies in Two World Class Resource Plays

April 24, 2015

Cabot Oil & Gas (ticker: COG) continued its rise in production volume in its Q1’15 results, reporting production of 171.4 Bcfe in the quarter. The volume represents increases of 15% and 43% compared to Q4’14 and Q1’14, respectively. Total revenues of $464.7 million amounted to net income of $40.2 million, or $0.10 per share. Volumes are expected to be reduced

Appalachia Production is Red Hot, but the Henry Hub is Still King

April 7, 2015

The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least plateau (for the time being), the Appalachia has delivered consistent year-over-year growth ever since horizontal drilling truly took off in

A Better View of the Marcellus

April 1, 2015

EIA releases new maps detailing the structure of the Marcellus Shale The Energy Information Administration (EIA) today released updated geologic maps of the Marcellus formation. Well data was used to construct maps showing the formation, extent and structure of the productive and prospectively productive regions of the Marcellus. Natural gas production from the Marcellus shale formation in the Appalachian basin

Southwestern Sells Non-Core Assets, Bumps 2015 Divesture Totals to $718 million

March 23, 2015

*Update* Just one day after selling select gathering assets in the Appalachia for $500 million, Southwestern Energy (ticker: SWN) announced the $218 million sale of conventional operations in East Texas and the Arkoma Basin. Both deals were completed with private companies and are expected to close in Q2’15. The deals, which total $718 million, fall in line with SWN’s intended

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

February 20, 2015

Cabot Oil & Gas (ticker: COG), a large-cap E&P with operations in the Marcellus and Eagle Ford shales, reported company records for production and net income excluding selected items in its year-end 2014 earnings release. Full-year production in 2014 was 531.8 Bcfe – an increase of 29% compared to 2013, including liquids production of 3,961 MBO – 23% higher than

Southwestern Energy Continues Appalachia Acquisition Spree with $394 Million Deal

December 23, 2014

One day after closing on its $4.975 billion acquisition for 413,000 net acres in West Virginia and southern Pennsylvania, Southwestern Energy (ticker: SWN) spent another $394 million to increase its working interest. On December 23, 2014, SWN secured a 20% stake of Statoil’s (ticker: STO) remaining working interest, which equates to 30,000 acres and 29 MMcfe/d net to Southwestern. The

Rice Midstream Partners Braves Difficult Commodity Market with IPO

December 17, 2014

Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the ticker RMP. Rice was a privately held company less than one year ago and now has two entities listed on

Southwestern Energy Expands Acreage in Marcellus

December 3, 2014

Southwestern announced yesterday the addition of 46,700 net acres to its expanding Marcellus play. Southwestern Energy Company (ticker: SWN) released a statement yesterday saying that it has signed an agreement to purchase oil and gas assets, including approximately 46,700 net acres in northeast Pennsylvania, from WPX Energy, Inc. (ticker: WPX) for approximately $300 million. The acreage is currently producing approximately

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