Tagged Marcellus

EQT to acquire Statoil-operated Marcellus acreage for $407 million

EQT Corp., Pittsburgh, has agreed to acquire 62,500 net acres and current production of 50 MMcfd of natural gas equivalent in the Marcellus shale from Statoil USA Onshore Properties Inc. for $407 million. The deal is expected to close on or about July 8. Read Full Article Here For more great articles: Oil & Gas…

Thai coal company opts into Marcellus gas field

Thailand’s Banpu PLC has acquired a 29.4% stake in Chaffee Corners joint exploration agreement for $112 million. The deal provides Banpu with a net interest equivalent 156 bcfd of gas. The agreement targets the net output of about 21 MMcfd this year, the company said in a statement published on Thai stock exchange. Read Full…

Press Release: MarkWest Energy Partners To Discuss Recent Merger At 2016 Marcellus-Utica Midstream Conference

Houston, Texas (December 16, 2015) — Hart Energy’s 7th Marcellus-Utica Midstream conference and exhibition will unite the region’s top companies January 26-28, 2016, for an in-depth look at upstream and midstream activity throughout the Appalachian plays. Midstream’s biggest stakeholders are working to make the region a net exporter of natural gas ahead of the rest…

Seneca signs on with IOG for Marcellus drilling campaign

A new joint venture has committed to drill 80 Marcellus wells in the Clermont-Rich Valley area of Pennsylvania on about 10,500 acres. Seneca Resources Corp., a wholly owned subsidiary of National Fuel Gas Co., has entered an asset-level JV with IOG CRV-Marcellus LLC, and affiliate of IOG Capital LP. Read Full Article Here For more…

Dartmouth Study: Shale Creates Significant Economic Benefits

Article Abstract: A new National Bureau of Economic Research study led by Dartmouth College experts examines the economic and job-creating impact of shale development, enabled by fracking, within 100 miles of active drilling locations. Commenting on the study’s findings, Dartmouth economics professor Bruce Sacerdote notes that “It’s surprising just how much of the revenue, how large the…