EQT, Equinor Agree to Massive Appalachia Acreage Swap
Equinor will part with its operated assets in the Marcellus and Utica Shale and pay $500 million to EQT in exchange for 40% of EQT’s non-operated assets in the Northern Marcellus Shale.
Ohio Oil, Appalachia Gas Plays Ripe for Consolidation
With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.
Summit Midstream Sells Utica Interests to MPLX for $625MM
Summit Midstream is selling Utica assets to MPLX, which include a natural gas and condensate pipeline network and storage.
Marketed: Ascent Resources- Utica 96 Well Package in Ohio
Ascent Resources- Utica LLC and Ascent Utica Minerals LLC has retained EnergyNet for the sale of a non-operated 96 well package in Belmont, Guernsey, Harrison, Jefferson and Noble counties, Ohio.
Analysts: Why Are Investors Snapping Up Gulfport Energy Stock?
Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.
Northern Oil and Gas Ups Dividend 18%, Updates Hedging
Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.
NOG Closes Utica Shale, Delaware Basin Acquisitions
Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells
EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.
Appalachian Basin Awaits Pipeline Connections to the Gulf Coast
A closer look at the Appalachian midstream capacity picture shows some opportunities that producers can exploit now and in the future.
Artificial Barriers Keep World Markets Starved of Appalachia Natural Gas
Despite a massive uptick in U.S. LNG exports since 2021, the Appalachia Basin remains a sleeping giant of production as politics, protests and litigation keep billions of cubic feet of natural gas cut off from world markets.