Utica

Marcellus, Utica Output on Pace to Increase 3.6 Bcf/d from 2012

 Barclays Capital's energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014. Read More

Antero Bets on Appalachian Water Delivery Pipe System

 Antero Resources LLC, now preparing to become a publicly traded explorer, already oversees one of the biggest operations in the Appalachian Basin, and it wants to keep it that way by building a 150-mile-long water sourcing and distribution pipeline that would feed drilling sites across West Virginia and into Ohio. Read More

Northeast Basis Disparities 'Continue Indefinitely,' Says Credit Suisse

 The elephant named Marcellus that has been sitting on Northeast-Henry Hub basis isn't about to move along, and what used to be a premium market will see trades discounted to the U.S. gas benchmark for a while, analysts at Credit Suisse said in a note Tuesday. Read More

Lawmaker Seeks Repeal of Controversial Portion of Drilling Law

 A Pennsylvania lawmaker wants to repeal a controversial section of a new drilling law -- as well as portions of state law dating back to 1961 -- to protect landowners from what she says amounts to forced pooling. Read More

EVEP Lands First Utica Sale For $284M; 2Q Net Income Jumps 120%

 Nearly one year after it started looking for buyers for some of its acreage in Ohio's Utica Shale, EV Energy Partners LP (EVEP) and its partnerships have made their first sale, agreeing to part with 22,535 net acres in the wet gas window for $284.3 million, the company said Friday. Read More

MarkWest, Kinder Mount Challenge to Bluegrass NGL Pipeline

 Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC (MarkWest Utica) are putting up a $2 billion y-grade natural gas liquids (NGL) processing and transportation combo project that competes with the Bluegrass Pipeline, which has been proposed by Boardwalk Pipeline Partners LP and Williams. Read More

Michigan Chamber Attempting to Stem Anti-Fracking Movement

 The Michigan Chamber of Commerce on Monday launched a campaign to educate voters about the state's oil and natural gas business in an attempt to prevent any municipal or legislative bans on unconventional drilling. Read More

Halcon Plans Up to 500 Wells, Oil Rail Terminal in Utica

published by NGI's Shale Daily: August 5, 2013
 Halcon Resources Corp. said an exploratory well targeting the Utica Shale has been producing more than 2,000 boe/d. The company said it plans to spend "significant time" in the play, where it has the acreage to drill up to 500 gross wells. Read More

Analyst Sees More Gas Demand On the Way

published by NGI's Shale Daily: August 5, 2013
 Demand between now and 2015 will prop up natural gas prices, even with a backlog of drilled wells awaiting connection, and from 2016 to 2018 a "dramatic structural increase" in demand could outpace supply additions and send gas prices to as high as $6.00/MMBtu, BNP Paribas' Teri Viswanath, director of commodity strategy, said Friday. Read More