Oct 19, 2024 · EQT Corp. has agreed to sell its remaining Pennsylvania natural gas assets to Equinor for $1.25 billion, with proceeds aimed at reducing debt following its recent pipeline acquisition. The transaction also expands Equinor’s U.S. …

Marcellus is already exporting NGLs around the world, according to Callahan, who also sees a real opportunity for the chemical sector of the U.S. economy to grow. The American Chemistry Council (ACC) recently articulated a strong role for natural gas in advancing U.S. economic and climate change goals, viewing the fuel as essential for both the ...

Marcellus Shale Coalition “The natural gas industry contributes substantially to Pennsylvania’s economy, with approximately $41 billion generated in economic impact in 2022 alone,” said Jim Welty, president of the Marcellus Shale Coalition (MSC).

Nonetheless, amid fluctuating gas prices, the Marcellus and Utica shale of Pennsylvania, West Virginia and Ohio was still expected to produce 34.95 MMcf/d in April, according to the U.S. Energy Information Administration (EIA), a number which would represent a modest 75,000 bdp gain, year-over-year. Slow Movement

“The demand for natural gas continues to be strong,” Chadsey continued. “The Marcellus and Utica are excellent formations with low-cost production and close proximity to markets.” Utilities are among the major customers for natural gas produced in the region. “There are several new natural gas-fired power plants in Ohio,” he stated.

The Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d (898 MMcm/d) of natural gas during 2021. The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d (351 MMcm/d) for all of 2021, making it the second-highest producing play.

Dec 12, 2024 · The Kosci Junction project will include a 36-inch pipeline and compression facilities, designed to connect gas supplies from the Haynesville, Utica/Marcellus, and Fayetteville basins to markets served by Gulf South's existing system and new interconnects. The project is supported by a 20-year agreement with an anchor customer, with negotiations ...

Dec 13, 2023 · Gas Producer EQT Explores $3 Billion Sale of Marcellus Shale Well Stakes 12/13/2023 (Reuters) — U.S. natural gas producer EQT Corp. is exploring a sale of a portfolio of minority stakes in wells in Pennsylvania's Marcellus shale formation, which could be worth more than $3 billion, people familiar with the matter said on Wednesday.

May 4, 2024 · With this acquisition, Antero Midstream is poised to strengthen its position in the Marcellus Shale region, leveraging its existing infrastructure and operational expertise to drive value for shareholders. This strategic move aligns with the company's growth objectives and underscores its focus on delivering long-term value.

While Marcellus and Utica Shale gas producers had what many describe as a “banner” year in 2019 – with Pennsylvania, Ohio and West Virginia collectively supplying one-third of U.S. natural gas production, or 30 Bcf (850 MMcm) – production in 2020 was already predicted to slow down, even before COVID-19.