Utica

Early Ruling Finds Sunoco's Mariner East Not a Public Utility

Sunoco Logistics Partners LP has been dealt an early setback in a bid to earn the status of a public utility corporation, which would exempt its Mariner East pipeline from local zoning ordinances. Read More

Gulfport's Production Stalls on Utica Slowdown

Gulfport Energy Corp.'s second quarter production dropped by a little more than 1% from the first quarter after it pulled back the reins in the Utica Shale. Read More

PDC Sells Marcellus JV Interest, Bolsters Utica Position

PDC Energy Inc. has agreed to sell its half-interest in a Marcellus Shale joint venture (JV) to privately owned Mountaineer Keystone Energy LLC for $250 million, leaving behind a dry gas program mostly neglected in favor of boosting its liquids production in other fields. Read More

Consol Energy Says Production Will Continue Growing After Record 2Q

Steadily improving completion techniques, declining costs in the Marcellus Shale and progress in the Utica Shale last quarter found Consol Energy Inc. achieving record production of 51.9 Bcfe, up from the 38.6 Bcfe it produced at the same time last year. Read More

Range Resources Sets Sights on Sustaining 20-25% Annual Growth After Strong 2Q

Range Resources Corp. turned in another solid quarter of production and efficiency gains, with its focus at mid-year appearing to shift more toward sustaining growth by continuing to diversify its core areas in Pennsylvania and strengthening its programs in other fields across the country. Read More

Magnum Plans More Utica Shale Wells Near Ohio-West Virginia State Line

Magnum Hunter Resources Corp. confirmed Friday that it has acquired 1,700 net acres in Monroe County, OH, and Ohio and Wetzel counties, WV, from bankrupt aluminum producer Ormet Corp. in a deal that it said would allow it to drill an additional 15 fully operated Marcellus and Utica shale wells. Read More

Eagle Ford Helped Cabot Beat Expectations, Drive Up 2Q Liquids Production

Despite falling slightly short of its expectations in the Marcellus Shale, Cabot Oil & Gas Corp. continued making the kind of progress in the Eagle Ford Shale that surprised financial analysts and helped it to surpass their expectations for second quarter earnings and production. Read More

EQT Outlines Plans for First Utica Well in Southwest Pennsylvania

After careful analysis and increasingly promising wells near its asset base, EQT Corp. on Thursday became the second company this year to announce that it will spud its first Utica Shale well in southwest Pennsylvania in the coming months. Read More

Report: Still Plenty of Opportunities in Utica Despite Elusive 'Sweet Spot'

Despite oil and gas companies taking divergent strategies in Ohio's portion of the Utica Shale -- and the elusiveness of a "sweet spot" for producers -- the play offers ample opportunities for production and investment, according to a report released Wednesday by the law firm Benesch, Friedlander, Coplan & Aronoff LLP. Read More

Rex Energy Gains More Land, Reserves in Appalachia

Rex Energy Corp. said Monday that its estimated proved reserves exceeded 1 Tcfe, thanks in large part to its core operating areas in eastern Ohio and Western Pennsylvania, where the company has reported increasing success in the last year or so (see Shale Daily, Jan. 16). Read More