Yesterday EQT announced it had donated oil and gas production equipment to JSC Ukrgasvydobuvannya, Ukraine’s largest natural gas producer. The equipment will be used to restore oil and gas production facilities damaged by Russia and revive critical production in wartime conditions. Aside from the fact EQT is the largest natgas producer in the U.S. that…
For years we wrote about Oleg Tolmachev, chief driller at Eclipse Resources. He was the guy who figured out how to drill those record-breaking, super long onshore laterals–some of the longest on record (see our stories mentioning Oleg Tolmachev here). Eclipse was sold to, and merged in with, Montage Resources. Montage was then sold to…
For years we wrote about Oleg Tolmachev, chief driller at Eclipse Resources. He was the guy who figured out how to drill those record-breaking, super long onshore laterals–some of the longest on record (see our stories mentioning Oleg Tolmachev here). Eclipse was sold to and merged in with Montage Resources. Montage was then sold to…
OTHER U.S. REGIONS: Cheniere and EOG extend long-term LNG supply deal; Chevron targets 5 U.S. well sites in project to curb emissions; NATIONAL: Standing up to putin means ditching net-zero; N. America’s old pipelines seek new life moving carbon in climate push; US LNG exports down by five from last week; INTERNATIONAL: Well-known former Marcellus…
In April, Montage Resources shut-in “low margin production” wells in its liquids-rich producing area. The shut-ins primarily impacted Utica condensate production. In early May during the company’s first-quarter update conference call, CEO John Reinhart said the company had begun to restart some of the shut-in or “curtailed” production (see Montage Res. Drilled 4 Utica Wells…
MARCELLUS/UTICA REGION: Natural gas company donates to West Liberty Elementary’s STEM program; Montage Resources – Too many buffalo at the same waterhole; NATIONAL: Net US oil, gas rig count falls one to 835, gas rigs lowest since late 2016; U.S. weekly LNG exports jump; FERC continues with two vacancies — for now; Parsley energy boss…
Eclipse Resources CEO Ben Hulburt yesterday gave what will be his last quarterly update at the helm of his company. Eclipse is being bought out by and merged with Blue Ridge Mountain Resources, the renamed remnant of Magnum Hunter Resources, by the end of this year (see Eclipse Resources Merging with Former Magnum Hunter). Hulburt,…
The “best of the rest”–stories that caught MDN’s eye that you may be interested in reading: Dominion Energy announces proposal to acquire outstanding Dominion Energy Midstream common units; Pa. anti-fracking group hiring: no fracking knowledge required – must have ability to regurgitate misinformation; NY Comptroller wants to know companies’ greenhouse gas emissions; Blue Ridge Mountain Resources…
MDN brought you the big news yesterday that Eclipse Resources is merging with Blue Ridge Mountain Resources (see Eclipse Resources Merging with Former Magnum Hunter). We noted that nowhere in the announcement and paperwork we read that Eclipse co-founder and CEO Ben Hulburt would be staying with the newly merged company. We now have confirmation…
Some big news breaking from yesterday: After months of teasing by Eclipse Resources that it’s working on selling itself–it finally has. The buyer is Blue Ridge Mountain Resources, the renamed remnant of Magnum Hunter Resources. Magnum Hunter filed for bankruptcy in December 2015, emerging from bankruptcy in May 2016 minus CEO Gary Evans (see Magnum…
Eclipse Resources, a Marcellus/Utica pure play driller headquartered in State College, PA, issued its first quarter 2018 update last week. Eclipse has drilled the longest onshore natural gas wells in the world–in the Ohio Utica. Impressive company. In March the company announced it is looking for someone to buy, or (more likely) for someone else…
Earlier this week Eclipse Resources, an Ohio Utica-focused driller based in State College, PA, released its fourth quarter and full year 2017 update. Eclipse is one of our personal favorites, known for drilling “super laterals”–wells nearly four miles long. They’ve drilled the three longest onshore horizontal wells in the world–all in Ohio! So what did…
Last week Eclipse Resources, the “super-lateral” Marcellus/Utica driller, turned in its third quarter 2017 update. Eclipse is a Marcellus/Utica pure play driller headquartered in State College, PA that drills mostly in the Ohio Utica. Eclipse has drilled the top three longest onshore oil/gas wells in the world. What do we glean from the 3Q17 update?…
Last week Eclipse Resources, a Marcellus/Utica pure play driller headquartered in State College, PA that drills mostly in Ohio, released their second quarter 2017 update. Eclipse has been on a roll, drilling a series of longest-ever onshore lateral wells–in the world. It began last year when Eclipse drilled what they call their first “super lateral”…
Pardon me, but may I ask, How long is your lateral? We don’t mean to ask such a personal question, but in this case, size matters. You see, the longer the lateral, the more return on investment (ROI) you get–according to top officials from Eclipse Resources. Eclipse Resources, a Marcellus/Utica pure play driller headquartered in…
Two members of Eclipse Resources’ top management team are playing musical chairs as part of the company’s plan to “accelerate growth” in 2017. Tom Liberatore, currently executive VP and COO is dropping the COO title and becoming executive VP of corporate development and geosciences. Meanwhile, Oleg Tolmachev, currently senior VP of drilling and completions is…