CNX will spend up to $880 million on drilling in Marcellus, Utica shale plays

CNX Resources plans to spend $790 million to $880 million on drilling in the Marcellus and Utica shale plays in 2018, and will add a fourth drilling rig in the second half of the year, according to the Pittsburgh Business Times. The newspaper says the Pennsylvania-based company expects to drill 75 oil and natural gas wells this year -- 60 in the Marcellus shale formation in Pennsylvania and West Virginia and 15 in the Utica in Pennsylvania and Ohio. For more, read the full story.

Ohio, Pennsylvania, West Virginia

CNX closes deal to acquire Noble’s stake in Cone Gathering

CNX Resources Corp. has closed on its $305 million acquisition of Noble Energy Inc.'s 50% interest in Cone Gathering LLC, which operates natural gas gathering systems in the Appalachian basin, reports the Pittsburgh Business Times. The newspaper says Cone Gathering owns the general partner interest and incentive distribution rights in Cone Midstream Partners LP, which is being renamed CNX Midstream Partners LP. CNX Resources said it will provide a minimum of 140 wells to CNX Midstream Partners to support distribution growth. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Company to drill oil and gas wells at site of U.S. Steel plant in Pennsylvania

New Mexico-based Merrion Oil and Gas is preparing to drill wells on the site of U.S. Steel's Edgar Thomson works in western Pennsylvania’s Mon Valley and supply the steel company with natural gas for its mills, TribLive reports. The news site says Merrion plans to drill six wells on a single pad in North Versailles and hopes to start drilling by the third quarter of 2018. A Merrion spokesman said U.S. Steel will receive royalties in the form of natural gas instead of typical cash payments. For more, read the full story.

Pennsylvania

FERC signs off on Mountaineer Xpress, Gulf Xpress projects

The Federal Energy Regulatory Commission (FERC) has granted certificate approval to the Mountaineer XPress natural gas pipeline project in West Virginia, Platts reports. The news service says the project, sponsored by TransCanada's Columbia Gas Transmission, is expected to support natural gas production in the Marcellus shale play and increase deliveries from the Appalachian basin to neighboring regions. Platts also says FERC granted certificate approval to Columbia's Gulf XPress project, which will add compressor stations in Kentucky, Tennessee and Mississippi to allow for bidirectional flows of gas between Appalachia and the Gulf. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Appalachia NGL storage hub clears hurdle for $1.9 billion loan

Plans for an underground natural gas liquids (NGL) storage hub in Appalachia have cleared the first big hurdle, reports the Associated Press (AP), with the Appalachia Storage & Trading Hub initiative receiving approval in the first of two application phases for a $1.9 billion U.S. Department of Energy loan. The news service says the Appalachia Development Group, which is heading the project, also is trying to secure $1.4 billion through other financing. Appalachia Development Group CEO Steve Hedrick told AP it would take several more years for the project come to fruition. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Pennsylvania agency orders halt to construction of natural gas pipeline

Pennsylvania’s Department of Environmental Protection (DEP) has ordered Sunoco to halt construction on the Mariner East 2 natural gas pipeline across the southern part of the state, citing a series of spills and other alleged violations of state law, according to The Associated Press. The news service says DEP ordered Sunoco to come up with a plan to fix the problems that have plagued the $2.5 billion project. The pipeline will carry propane, butane and ethane from the Marcellus shale play to an export terminal near Philadelphia. For more, read the full story.

Pennsylvania

Cabot Oil & Gas sells Texas assets to focus on Appalachian basin

Cabot Oil & Gas said it is leaving parts of Texas to focus on the Appalachia basin, UPI reports. The news service says Cabot is selling 74,500 net acres of oil and gas assets in the Eagle Ford shale play in Texas to an affiliate of Venado Oil & Gas for $765 million. Separately, Cabot said it sold its remaining interests in East Texas to an undisclosed buyer for an undisclosed sum. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Chesapeake willing to settle natural gas royalty lawsuits in Pennsylvania

Chesapeake Energy Corp. has agreed to pay Pennsylvania landowners $30 million to settle federal lawsuits over the company's disputed natural gas royalty payments, but the deal hinges on Pennsylvania Attorney General Josh Shapiro resolving a 2015 lawsuit filed by the state against the shale-gas producer over deductions from royalties, according to the Philadelphia Inquirer. The newspaper reports that Chesapeake's lawyers have told a federal judge in Scranton, Pennsylvania that they had reached an agreement to settle several longstanding class-action suits involving royalties. The Inquirer says the deal calls for payments to 14,000 Chesapeake natural gas leaseholders, and it allows them to "reset" their leases to clarify the terms under which they are paid royalties. For more, read the full story.

Oil & Gas Litigation, Pennsylvania

Energy department looks at NGLs potential in Appalachian region

The U.S. Department of Energy has published a natural gas liquids (NGLs) primer that showcases the resource potential of NGLs, specifically in the Appalachian region. The primer explains what NGLs are, how they are used, recent market developments and the supporting infrastructure in the Appalachian region. For more, read the full report.

National, Ohio, Pennsylvania, West Virginia

Natural gas production continues to rise in Pennsylvania

Data from Pennsylvania’s Independent Fiscal Office shows that natural gas production in the state rose nearly 5% in the third quarter of 2017 and was up 3.6% for the year, according to the Pittsburgh Business Times. The newspaper says the agency also estimated that increases in natural gas production and producing wells should be in the single digit percentage points in 2017 compared to 2016, and reach record levels in the state. For more, read the full story.
 

Pennsylvania
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