A unit of midstreamer/wholesale energy services provider Twin Eagle Resource Management said Thursday it’s entering the Appalachian Basin with the purchase of a frac sand terminal near Bridgeport, W.V.
Private equity firm District 5 Investments said today it’s investing up to $35 million in startup Pathfinder Resources, a limited liability company formed to acquire producing and non-producing oil and gas mineral interests, royalty interests and non-operated working interests across the U.S.
A year-long geological study by West Virginia University and its partners found multiple sites that would support a proposed ethane storage facility in the Appalachian Basin, Kallanish Energy reports. The study analyzed about 50 counties in Pennsylvania, Ohio and West Virginia along the Ohio and Kanawha rivers.
Natural gas processing capacity in the Appalachian Basin has grown exponentially in the last seven years, and is key to increasing natural gas and natural gas liquids production in the basin, the Energy Information Administration states.
Drillers in the Utica and Marcellus shales in the Appalachian Basin are getting more money for their natural gas, thanks to the new pipelines, says the U.S. Energy Information Administration. The difference between the Henry Hub national benchmark price in Louisiana and daily spot natural gas prices at pricing hubs in the Appalachian Basin has narrowed as new pipeline projects are completed, Kallanish Energy reports.
This month, for the first time, the Energy Information Administration’s monthly Drilling Productivity Report (DPR) includes two significant changes EIA believes will improve coverage and quality of analysis.
Pin Oak Energy Partners, an Akron, Ohio-based privately-held producer, said Wednesday it has closed a deal with an undisclosed seller for oil and gas assets in Trumbull, Tuscarawas and Mahoning counties in Ohio, and Mercer, Crawford and Venango counties in Pennsylvania.
The U.S.’s total natural gas supply could handle its annual needs for more than a century, according to the latest biennial assessment of the nation’s total reserves by the nonprofit Potential Gas Committee.