Marcellus Drilling News

Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Cabot O&G 3Q14: A Wandering Eye + Welcome to the 2 Bcf/d Club!
October 29, 2014October 29, 2014

Last week Cabot Oil & Gas issued its third quarter update. The official announcement was long on the financials and very short on details for their ongoing Marcellus Shale program in Susquehanna County, PA. We’ve lifted the relevant (short) section below. However, the company also held the ubiquitous analyst phone call and in that phone call (transcript below), we get a lot more detail about Cabot’s Marcellus program. One gem: the company is now producing 1.8 to 2.0 billion cubic feet per day of natural gas in the Marcellus. Cabot will be the first company to be officially inducted into the record-breaking 2 Bcf/d Club! Although the company plans to drill 180-190 new wells in 2015, only about half of those wells will be in the Marcellus. Alas, another shale play is now turning the head of Cabot…
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Bradford County | Energy Companies | Lycoming County | Pennsylvania | Southwestern Energy | Susquehanna County

Southwestern 3Q14: 2 Wells Near NY Border are “Promising”
October 29, 2014October 29, 2014

Southwestern Energy released their third quarter financial and operational update late last week. Picking through the release we find that their Marcellus gas production is up 47% from a year ago this time. At the end of September, the company had 234 operating Marcellus wells in production, and another 102 wells in various stages of being drilled. The vast majority of Southwestern’s wells are in Susquehanna and Bradford counties (PA), with a fair number also in Lycoming County, PA. Southwestern says they continue to test “the Upper Marcellus” and have drilled three such wells to date. Perhaps the biggest news (for New Yorkers) is this statement: “Two wells have also been drilled near the New York border in Susquehanna County. Early results are positive and work has begun to build a gathering system for future development in this area.” You can’t tell us there isn’t a boatload of gas sitting right across the border in the Empire State–if only the man-child Andrew Cuomo would make up his mind to allow drilling…
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CONSOL Energy | Energy Companies

CONSOL Energy 3Q14: Splitting the Company in Two, 1 Bcf/d Club
October 29, 2014October 29, 2014

CONSOL Energy continues its transformation from coal company to oil and gas company. In fact, it’s nearly complete. On a conference call yesterday discussing the company’s stellar performance in the Marcellus and Utica Shale, CONSOL officials hinted that they will soon split the company, putting the coal operation into its own master limited partnership (MLP). Meanwhile, also on the same call, CONSOL CEO Nick Deluliis said any day now the company’s production volume will blow on by the 1 billion cubic feet per day mark. Welcome to the 1 Bcf/d club!…
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Energy Companies | Noble Energy

Noble Energy 3Q14: Production Up 95%, Drilled 23 New Wells
October 29, 2014October 29, 2014

Noble Energy released their third quarter numbers and operational update yesterday. The company operates in several U.S. shale basins as well as the Gulf of Mexico and several foreign locations. Of note is their ongoing program in the Marcellus Shale. Production for Noble from the Marcellus is up 31% from 2Q14 and up a big 95% year over year in 3Q14. They drilled 23 Marcellus wells during 3Q14 and brought 23 wells online during the quarter as well. Here’s the low down on Noble’s Marcellus program over the last three months:
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Kinder Morgan | Pipelines | Tennessee Gas Pipeline

MDN is Outraged at Massachusetts Anti-Pipeline Outrage
October 29, 2014October 29, 2014

We’re outraged at the outrage of hypocritical anti-drillers. An article from Massachusetts begins this way: “Gas pipeline opponents throughout the state of Massachusetts are outraged about a new pipeline support coalition that has formed because the group not only has ties to the company trying to put the pipeline in place, but is also putting big businesses before residential concerns.” That set us off! Here’s what we’re outraged about…
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Best of the Rest

Marcellus & Utica Shale Story Links: Wed, Oct 29, 2014
October 29, 2014October 29, 2014

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
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