Blue Ridge Mtn Res/Magnum Hunter | Eclipse Resources | Energy Companies | Industrywide Issues | M&A | Montage Resources
Blue Ridge Merges with Eclipse, Renamed to Montage Resources
Yesterday was an eventful day for the former Blue Ridge Mountain Resources (nee Magnum Hunter Resources) and Eclipse Resources. We’ve been telling you since last August that the two companies are merging, with Blue Ridge Mountain essentially buying out Eclipse. The deal is done as of yesterday and there is A LOT of news to share–including a name change for the newly combined entity.
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Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres) with record production in the Utica last year, is scaling back spending in the gassy Utica Shale this year and putting that money into other another shale play–the oily SCOOP.
You can feel the excitement and anticipation building. The Federal Energy Regulatory Commission (FERC) approved the Constitution Pipeline from northeast Pennsylvania into central New York in 2014, more than four years ago. This year, 2019, may be the year construction finally begins–and the year antis who have fought this pipeline every inch of the way finally LOSE.
There are five major new natural gas pipelines online in the past year, another three partially online, and another 17 under construction or planned, all in the Marcellus/Utica region. Together they represent a staggering $32 billion of investment. Our friends at Energy in Depth recently compiled an awesome list of all these projects, which we share below.
Yesterday we told you that the West Virginia Surface Owners Rights Organization (SORO) is pushing a couple of bills to address the issue of abandoned and orphan wells (see 
MARCELLUS/UTICA REGION: Nonprofit, educational organizations: don’t miss this chance to apply for environmental grants; New York and Massachusetts blow it with wacky wind projects; Governor Cuomo blames cold for population exodus; ODNR issues nine Utica permits; NATIONAL: Why natural gas prices will remain low for the time being; Collins to vote against Trump’s EPA pick; INTERNATIONAL: Despite recent supply reductions, global liquid fuels production to outpace demand.