Archive for the ‘Marcellus Shale’ Category
EQT halts Utica test to focus on Marcellus
July 28th, 2017 by Latest News
EQT Corp., Pittsburgh, has suspended a test program in the Utica shale to concentrate on drilling in the Marcellus shale boosted by its planned acquisition of Rice Energy Inc., Canonsburg, Pa.
Pennsylvania’s Senate approved a tax reform bill with provisions to tax both natural gas production and consumption in the state. Oil and gas trade associations there strongly criticized the July 26 action, which passed by a 26-24 vote. The amended bill, which apparently attempts to close a budget deficit, now heads back to the state House, where its prospects are uncertain.
Second-quarter value for US oil and gas mergers and acquisitions was
about half of the record-setting first-quarter value, according to PwC LLP’s
latest energy deals report. But the $37.01 billion from 50 announced
deals was the third-highest second-quarter value of the past 8 years.
Crude oil production from the seven major US onshore regions is
projected to rise 113,000 b/d month-over-month in August to 5.585
million b/d, the US Energy Information Administration says in its Drilling Productivity Report.
EQT to buy Rice Energy in $8.2-billion deal
June 26th, 2017 by Latest News
EQT Corp., Pittsburgh, has agreed to acquire fellow Marcellus and Utica operator Rice Energy Inc., Canonsburg, Pa., for $6.7 billion, including $1.5 billion in net debt and preferred equity.
EQT to buy Rice Energy in $8.2-billion deal
June 19th, 2017 by Latest News
EQT Corp., Pittsburgh, has agreed to acquire fellow Marcellus and Utica operator Rice Energy Inc., Canonsburg, Pa., for $6.7 billion, including $1.5 billion in net debt and preferred equity.
The US Energy Information Administration
forecasts crude oil production from the seven major US onshore regions
to expand 127,000 b/d month-over-month in July to average 5.475 million
b/d. The Permian and Eagle Ford are projected to account for 108,…
Oklahoma’s Cana Woodford and the New Mexico Permian served as the primarily catalysts behind the 21st consecutive US rig count increase.
BHI: US rig count climbs for 20th straight week
June 2nd, 2017 by Latest News
The number of active drilling rigs spread across the US has increased in 20 straight weeks, according to data compiled by Baker Hughes Inc.