Updated Aug 22, 2024
8/22/24
Coterra Energy Inc. is planning to curtail about 275 MMcf/d of Marcellus Shale natural gas volumes from August through September because of expected low netbacks, according to management.
The U.S. natural gas rig count fell by one to 97 units for the week ended Friday (Aug. 9), while an increase in oil rigs sent the combined domestic tally up two units to 588, according to updated Enverus and Baker Hughes Co. (BKR) data.
Management for Range Resources Corp. said hedging strategically and capturing more favorable liquids prices would help navigate the volatile natural gas market as the exploration and production firm holds production steady through the end of the year.
Pennsylvanians are earning less money from the state’s substantial natural gas reserves because of a reversal in commodity prices.
Equitrans Midstream Corp. announced Friday that Mountain Valley Pipeline LLC (MVP), the 2 million Dth/d natural gas conduit that will move supply from Appalachia to the Southeast, has begun service.
The U.S. natural gas rig count fell two units to 98 for the week ending Friday (June 7) amid a slowdown in Marcellus Shale drilling, updated figures from Baker Hughes Co. (BKR) show.
Houston-based Coterra Energy Inc. is shifting its near-term capital spending in the Lower 48 to focus on oil and liquids-rich plays, but optionality is still in play to take advantage of a “structural change in the natural gas macro” later this year, CEO Tom Jorden said.
MPLX LP management said two strategic transactions announced in the first quarter would open the door to growth opportunities in the Marcellus and Utica shales and the Permian Basin.
The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR).
Range Resources Corp. kept natural gas production steady through the first quarter, even as others pulled back, and it expects to maintain the same pace through 2024.