Biggest US Gas Producer May Get Even Bigger
EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed Continue Reading
Permian winter 2020-21 market bulls defy autumn-season volatility in Waha cash trade
As spot gas markets in the Permian Basin struggle to gain a foothold above $1 this month, forwards traders appear confident that winter prices there will likely climb to their Continue Reading
Cost Of Shale Gas Drilling Permit In Pennsylvania Jumps 150%
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
Shale Driller Unloading Gas Fields for Pennies on the Dollar
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
The Permian Could See Record Gas Production In 2021
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
The World Can’t Take Much More Shale Gas
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
NYMEX prompt natural gas hits two-month high as force majeure cuts Appalachian production
NYMEX prompt contract settles at $1.88/MMBtu Columbia Gas’ MXP line cuts flows near Leach, Kentucky Appalachian gas production falls 2.2 Bcf on the day NYMEX Henry Hub prompt-month prices surged Continue Reading
Shale pioneer Chesapeake Energy files for bankruptcy
Chesapeake Energy Corp ( CHK.N ) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed Continue Reading
Shale Giant On The Brink Of Bankruptcy Receives Federal Lifeline
The federal government has allowed bankrupt shale major Chesapeake Energy to stop drilling at more than 100 leases on federal lands without losing ownership of the assets, Reuters has reported Continue Reading
Chesapeake’s Demise Marks End of Shale Model That Changed World
It will go down as wildest of the shale wildcatters, the overreaching pioneer of fracking techniques that minted vast fortunes and, now, have left behind ruin. At long last, financial reality has Continue Reading