West Virginia senators push for Appalachia natural gas storage hub

West Virginia's U.S. Sens. Joe Manchin and Shelley Moore Capito are urging federal officials to consider building a major natural gas storage and distribution hub in the Appalachian region, reports The Associated Press. The news service says the senators state in a letter to National Economic Council Director Gary Cohn that the White House should examine “the numerous benefits" of putting a natural gas liquids-storage and distribution hub in Appalachia, which has “growing but still underutilized” reserves of natural gas. For more, read the full story.

National, West Virginia

Report: Appalachia could become major petrochemical center

A new report from the American Chemistry Council says the Appalachian region could become a major petrochemical and plastic resin manufacturing center similar to the Gulf Coast. According to Oil & Gas Journal, the report presents a scenario that includes development of a storage hub for natural gas liquids and chemicals, a 500-mile pipeline distribution network and associated petrochemical, plastics, energy and manufacturing facilities in West Virginia, Pennsylvania, Ohio and Kentucky. The report also estimates that by 2025, the four-state region could see 100,000 permanent new jobs from such development. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Natural gas making a comeback in Haynesville shale play

Natural gas production in the Haynesville shale play in East Texas and Louisiana is expected to climb for the seventh straight month in June, and reach its highest level since October 2014, Bloomberg reports. The news service says natural gas output in the play had fallen to a six-year low because of tumbling prices and competition from “gushier, more profitable wells” in Pennsylvania and West Virginia. Bloomberg says Haynesville natural gas has become more valuable due to pipeline bottlenecks in the eastern United States, the play’s “vast [pipeline] network linking the Haynesville to the rest of the country” and proximity to a new liquefied natural gas export terminal in Louisiana. For more, read the full story.

National, Pennsylvania, West Virginia

Noble Energy to sell Marcellus-focused Cone Gathering for $765 million

Reuters reports that Noble Energy Inc. plans to sell its 50% stake in Marcellus shale-focused Cone Gathering LLC to Quantum Energy Partners for $765 million. The sale includes 21.7 million units in Cone Gathering LLC and represents a 33.5% stake in Cone Midstream Partners LP, which owns natural gas pipelines in the Marcellus shale play in Pennsylvania and West Virginia, according to Reuters. The news service says the announcement came less than three weeks after Noble reported it would sell all of its natural gas production assets in the Marcellus shale region to focus on expansion in the oil-rich Permian Basin in Texas. For more, read the full story.

Pennsylvania, West Virginia

Consol Energy bullish about drilling in Utica shale play

Consol Energy CEO Nick DeIuliis recently told the Pittsburgh Post-Gazette that his company is optimistic about its ability to drive down the cost of producing natural gas in the Utica shale play. The newspaper says that is the case even though oil and gas companies believe the Utica cannot yet compete economically with the Marcellus shale play. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Titan Energy sells 8,400 wells to Diversified Gas & Oil

Titan Energy, which entered the Marcellus shale play in 2016 with the acquisition of Atlas Resource Partners’ assets, is selling wells in Pennsylvania, West Virginia and Ohio for $84.2 million to Alabama-based Diversified Gas & Oil PLC, reports the Pittsburgh Business Times. The sale includes 8,400 conventional wells in Pennsylvania, West Virginia, Ohio, Tennessee and New York. The Business Times says Texas-based Titan Energy will retain its Utica shale play portfolio as well as coal-bed methane assets in West Virginia and Indiana. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Noble Energy to sell Marcellus shale assets for $1.2 billion

Noble Energy Inc. is pulling out of the Marcellus shale play after announcing the pending sale of its natural gas production assets in southwestern Pennsylvania and West Virginia for $1.2 billion, reports the Pittsburgh Business Times. The newspaper says Noble will sell its Marcellus shale assets to an undisclosed buyer, while retaining its interest in Cone Midstream, a limited partnership with Consol Energy that owns gathering and transportation pipelines in the Marcellus region. For more, read the full story.

Pennsylvania, West Virginia

Investment funds commit $300 million to West Virginia oil and gas driller

Some Florida-based energy funds are investing $300 million in oil and natural gas drilling company Northeast Natural Energy, which operates in West Virginia and Pennsylvania, reports the Pittsburgh Business Times. The newspaper says Triloma EIG Energy Income Fund and EIG Global Energy Partners funds and accounts are making the investment in the Charleston, West Virginia-based company. Northeast has about 49,000 net acres, 27 Marcellus shale wells and 100 conventional oil and gas wells in southwestern Pennsylvania and northern West Virginia. For more, read the full story.

Pennsylvania, West Virginia

Mountain Valley Pipeline to receive environmental impact statement

The Mountain Valley Pipeline that would run from northwestern West Virginia to southern Virginia is expected to receive a key environmental impact statement from federal regulators within the next two months, reports the Pittsburgh Business Times. According to the newspaper, EQT Midstream Partners, a partner in the natural gas pipeline joint venture, said it should receive the final environmental impact statement for the project from the Federal Energy Regulatory Commission on June 23, 2017. The 303-mile pipeline will move natural gas from the Marcellus and Utica shale plays to the southeastern United States. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Study: Hydraulic fracturing has not contaminated West Virginia groundwater

A new study led by scientists at Duke University in North Carolina has found that hydraulic fracturing in oil and natural gas operations has not contaminated groundwater in northwestern West Virginia, but accidental spills of drilling wastewater may pose a threat to surface water in the region. The Duke team collaborated with researchers from Ohio State University, Pennsylvania State University, Stanford University and the French Geological Survey to sample drinking water from 112 wells in northwestern West Virginia over a three-year period. Click here to read more about the study.

West Virginia
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