Cove Point LNG terminal begins commercial operations

Dominion Energy Inc.’s $4 billion Cove Point liquefied natural gas (LNG) terminal in Lusby, Maryland has started commercial operations, reports the Richmond Times-Dispatch. The newspaper says the plant, a former import-only terminal Dominion converted to a facility that can export as well, has been ramping up to full production since March 2018. Most of the natural gas coming to Cove Point is expected to be from the Marcellus and Utica shale plays. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Appalachia posts gains as U.S. natural gas production hits record level

U.S. natural gas production reached record levels in 2017, an increase that substantially boosted natural gas exports, reports the Houston Chronicle. Citing data from the U.S. Department of Energy, the newspaper says Louisiana had the largest annual production gain of any state last year. The Appalachian region, which includes the Marcellus and Utica shale plays in Ohio, West Virginia and Pennsylvania, also saw substantial volume growth. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

MarkWest Energy Partners to build more plants in Marcellus/Utica region

MarkWest Energy Partners plans to build another six natural gas processing plants and three more fractionation facilities in the Marcellus/Utica shale region in 2018, reports Marcellus Drilling News. Citing comments made at the recent Utica Midstream Conference in North Canton, Ohio, the news site says MarkWest expects to spend $2 billion in the Marcellus/Utica region this year after building two processing plants and three fractionation plants in the region in 2017. Click here to read more.

Ohio, Pennsylvania, West Virginia

Antero Resources looks to mine own sand for hydraulic fracturing

Natural gas producer Antero Resources Corp. is looking at options to mine its own sand for hydraulic fracturing to offset recent price increases, Reuters reports. The news service says the company, which operates in the Marcellus and Utica shale plays, has seen its sand costs rise markedly in the past year. Fellow oil and gas producers, including Pioneer Natural Resources Co., have bought or developed their own sand mines to offset cost increases, according to Reuters. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Pipeline shortage drives down price of Permian natural gas

A pipeline shortage that is leaving natural gas trapped in West Texas’ Permian Basin means prices for the fuel there are “the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus shale [play],” according to Bloomberg. The news service says prices for Permian natural gas have fallen 32% from a year ago, while output has risen to a record high. The pipeline crunch is also hurting the Permian’s oil market, according to Bloomberg. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Ascent Resources Marcellus emerges from bankruptcy

Ascent Resources Marcellus Holdings has announced the company and its wholly-owned subsidiaries have emerged from Chapter 11 bankruptcy roughly seven weeks after filing for protection from creditors, according to Kallanish Energy. The news site says a bankruptcy filing by the Ascent companies on February 6, 2018 was part of a consensual financial restructuring approved by certain holders of first- and second-lien term loans. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Wellsville Intermodal in line for Opportunity Zone status

The Wellsville Intermodal facility in eastern Ohio has been recommended by the state to qualify as one of the nation’s Opportunity Zones, according to the Youngstown Business Journal. The newspaper says Opportunity Zones are part of a community development program that Congress created in 2017 to encourage long-term investments in low-income urban and rural communities. Columbiana County Port Authority Executive Director Penny Traina told the Business Journal that the Wellsville Intermodal, located along the Ohio River, is “extremely well-positioned” for development with the Royal Dutch Shell’s ethane “cracker” plant under construction in Monaca, Pennsylvania about 25 miles away and PTT Global Chemical ’s proposed cracker plant project in Belmont County, Ohio. For more, read the full story.

Ohio, Pennsylvania

Chesapeake Energy ‘not desperate’ to sell oil and gas assets

The chief executive of oil and natural gas producer Chesapeake Energy Corp. says the company will not sell assets without getting good value even as it works to repair its “debt-laden balance sheet,” according to Reuters. "We're not desperate to sell assets," CEO Doug Lawler said at a recent energy conference in New Orleans. Chesapeake, which operates in the Marcellus and Utica shale region, has been working to lower its debt in recent years. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Eclipse Resources to review strategic, financial options

Eclipse Resources Corp.’s board of directors has hired legal and financial advisers to help review the strategic and financial options for the Pennsylvania-based natural gas and oil exploration and production company, reports the Pittsburgh Business Times. The newspaper says Eclipse, which operates in western Pennsylvania and eastern Ohio, has hired Jeffries LLC as financial adviser and Norton Rose Fulbright as legal counsel. Eclipse said in a statement there is no assurance the review by the board will result in a transaction or other strategic alternative, and the Board has not set a timetable for completion of the review process. For more, read the full story.

Ohio, Pennsylvania

Governors praise efforts of Tri-State Shale Coalition

Gongwer Ohio reports that governors of Ohio, Pennsylvania and West Virginia are “trumpeting the benefits of the Tri-State Shale Coalition to maximize the use of shared shale resources.” In announcing a three-year extension of the agreement between the states, the office of Ohio Governor John Kasich said the partnership renewal will enable the coalition “to continue efforts to maximize growth in the shale gas region and collaborate on areas critical to the success of the growing industry.” A subscription is required to read the full story.

Ohio, Pennsylvania, West Virginia
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