Rex Energy reports $47.1M net loss in Q3

November 16, 2017 0

Pennsylvania-based Rex Energy reported a net loss of $47.1 million or $4.76 per share in the third quarter, Kallanish Energy reports. That compares to a net loss of $55.2 million or $5.60 a share in 3Q 2016, the company said.

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Consol expecting big production boost from Ohio’s Utica

November 1, 2017 0

CONSOL Energy reported on Tuesday that its Marcellus Shale production in the Appalachian Basin in the third quarter 2017 grew by 17% and its Utica Shale production dropped 11% from 3Q 2016. But those Utica production totals are trending upward in a big way, Kallanish Energy reports.

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FERC has 62 applications on file for natural gas pipelines

November 1, 2017 0

The Federal Energy Regulatory Commission last month approved three pipelines to take natural gas from the Marcellus and Utica shales to market. They were the first three projects to win FERC approval since the agency regained its quorum and its ability approve projects that had been lost last February, Kallanish Energy reports.

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Haynesville gas production rises to highest level since 2013

October 30, 2017 0

Once an industry darling, which lost some of its luster when numerous producers opted for more liquids-rich plays, recent increases in drilling activity and well production rates are again raising natural gas production in the Haynesville Shale play, according to the Energy Information Administration.

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EID: $23b in pipelines in works in Appalachian Basin

October 3, 2017 0

There are $23 billion in pipeline projects under construction or being developed in the Appalachian Basin, according to Energy in Depth.  The national pro-drilling organization said those 15 pipeline projects in West Virginia, Ohio and Pennsylvania will stretch 3,200 miles, Kallanish Energy has learned..

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District 5 investing up to $35M in Pathfinder

September 22, 2017 0

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.  

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Study finds suitable ethane storage sites in Appalachian Basin

August 31, 2017 0

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.

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