EOG Utica Production “Stronger Than Expected” – Drilled Dry Gas Well
EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in several other countries), issued its third quarter update last week. EOG closed on its purchase of Utica driller Encino Energy in August (see EOG Closes on $5.6B Purchase of Encino Assets in Ohio Utica). Over the past three months, EOG has worked to integrate the Encino assets into what the company calls one of its “foundational plays” — the Utica — with a combined 1.1 million leased acres. According to EOG Executive VP & COO, Jeffrey Leitzell, production volumes outperformed in 3Q25, “largely driven by stronger-than-expected base production performance in our Utica asset.” Read More “EOG Utica Production “Stronger Than Expected” – Drilled Dry Gas Well”
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update, which is the company’s fiscal year 4th quarter (but everyone else’s 3rd quarter). According to NFG CEO David Bauer, the company added 220 new Upper Utica locations during the quarter, extending the well inventory to “almost 20 years” that will be profitable at a NYMEX price under $2/MMBtu. Bauer also stated the company recently executed a new pipeline deal with an unnamed shipper to haul an extra 250 MMcf/d of Seneca’s molecules from Tioga County, PA, to premium markets, with an expected in-service date of late 2028. 
The Pennsylvania House Environmental & Natural Resource Protection Committee will hold a hearing on November 17 for House Bill 1946, sponsored by Rep. Greg Vitali (Democrat from Delaware County), which proposes to significantly increase setback distances for unconventional shale gas wells to “better protect public health and the environment.” The bill mandates a minimum setback of 2,500 feet from homes and 5,000 feet from schools, hospitals, and long-term care facilities, a substantial increase from the current 500 feet. It also raises setbacks for drinking water sources from 1,000 to 2,500 feet and for natural bodies of water from 300 to 750 feet, affecting everything, from lakes and ponds to mud puddles. Vitali knows his bill would be a de facto ban on new shale drilling in 95-97% of the state. That’s his objective. 
Powerhouse consulting firm McKinsey & Co. has released a new report titled, “The infrastructure imperative: Who benefits from pipeline expansion?” The report digs into some of the key considerations, upsides, and challenges of pipeline expansion for consumers, operators, and beyond. In the report, McKinsey analysts model two hypothetical infrastructure development plans for the Appalachian Basin—northward pipeline expansion and southward pipeline expansion—and compare them to a baseline scenario. The report finds a southward expansion could potentially reduce costs to consumers by $4-5 billion from 2025 to 2030 vs. reducing costs by $2-3 billion with a northward expansion. 
Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see 
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