Gather ‘Round in Appalachia
Denver-based Antero Midstream is beefing up its already sizeable position in the Marcellus/Utica with this week’s acquisition of even more gathering and compression assets. ...
Read MoreDenver-based Antero Midstream is beefing up its already sizeable position in the Marcellus/Utica with this week’s acquisition of even more gathering and compression assets. ...
Read MoreThere’s no shortage of billion-dollar deals to be made or had this Indian Summer with today’s big announcement from the nation’s largest natural gas producer, Pa.-based EQT Corp. Reese Energy Consulting is following the latest wow acquisition, this time from the Land of CEO Toby Rice, the 38-year-old, self-proclaimed “shalennial”, where his EQT will snap up its rival Appalachian gas neighbor for $5.2 billion. The cash-and-stock deal with THQ Appalachia’s Tug Hill and Xcl Midstream offers one heck of a gas goody box in the Marcellus/Utica and adds 800 MMCFD of production to EQT’s current 5.2 BCFD. Other assets of the purchase include ~90,000 core net acres, ~300 net risked locations, 11 years of inventory, 95 miles of gathering systems connected to every major long-haul interstate pipeline in Southwest Appalachia, a 225 MMCFD processing plant, and 20 MBPD of condensate stabilization. EQT in 2020 acquired Chevron’s Appalachian upstream and midstream assets...
Read MoreAfter a royal scolding last year in a Dutch courtroom to hit the accelerator on emissions reduction, Shell picked up its toys, relocated its headquarters to the U.K. and started offloading assets like they were last week’s meatloaf. ...
Read MoreOkla. City-based Flywheel Energy is back for more natural gas in the Natural State. ...
Read MoreThe price of natural gas in Europe is now equal to $410 per barrel of crude. You read that correctly. ...
Read MoreWhile many private equity firms have caved to the will of activists decrying any and all investment in the oil and gas industry, not all are following suit. ...
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