Family of Worker Killed at Tioga County, PA Well Pad Sues Shell

On the morning of October 27, Marc Jones, an employee of Deep Well Services, was working at a Shell well pad in Tioga County, PA when “a large piece of equipment fell on him, pinning him to the platform 65 feet in the air where he was standing” (see Accident Kills Rig Worker on Shell Well Pad in Tioga County, PA). The blunt force trauma, hitting him in the head, killed him.
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Southwestern Energy Grows M-U Prod 21%, Likes WV Upper Devonian

Southwestern Energy, one of the largest Marcellus/Utica drillers, issued its 2018 (and 4Q) update last Friday. The company reports growing M-U production 21% in 2018, to 702 billion cubic feet equivalent (Bcfe). That works out to be 1.9 Bcfe per day. Quite an accomplishment when you consider those numbers happened even after Southwestern sold off their Fayetteville Shale assets last year.
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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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EQT Announces Late Annual Meeting, a “Screw You” to Rice Bros.

EQT is not holding their annual meeting in April this year, the month they’ve traditionally held the annual meeting until last year, when it was held in June due to an impending split of the company into upstream and midstream. Instead, the current board is using a legal loophole to delay this year’s annual meeting to July–as a way of obstructing the efforts of Toby and Derek Rice and their proxy war to take over the company.
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Chesapeake’s Marcellus Production Dips in 2018, Gas Price Soars

Chesapeake Energy, started by Aubrey McClendon as a gas-focused drilling company that went on to become the country’s largest natgas producer, is doing its darnedest to get rid of its natgas assets and turn itself into an oil driller. Yet it was the company’s natural gas assets that boosted the company’s financial performance in 4Q18, helping them turn in a better financial performance than analysts expected. Ironic, no?
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Westmoreland Gas Different from Mountain V Oil & Gas

About a month ago MDN ran a story in which we said we think it’s likely that a new company called Westmoreland Gas is really just Mountain V Oil & Gas under a new name (see Is Westmoreland Gas Really Mountain V Oil & Gas Renamed?). We based that observation on the fact the CEO of Mountain V is co-CEO of Westmoreland, and because all of Westmoreland’s wells are contract operated by Mountain V. Westmoreland has just responded to say no, they are in fact two different companies.
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MDN Featured in PublicSource Story re Shell’s PA Cracker

More than a month ago MDN editor Jim Willis was contacted by PublicSource, an independent non-profit news organization based in Pittsburgh. A reporter wanted to know if Jim would grant an interview as part of a story he was doing on the Shell cracker, pipelines and the petchem industry in southwest Pennsylvania. Jim said yes.
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Enerplus 2018 – Still Owns 36K Marcellus Acres in NEPA

It’s been a while since we’ve checked in on Canadian energy company Enerplus Corp, which currently owns some 36,000 acres of Marcellus Shale leases in northeastern Pennsylvania. The company doesn’t drilling any wells in the region but does participate by funding the drilling programs of others. On Friday Enerplus issued their 2018 and 4Q18 update, which shows the company’s Marcellus production averaged 208 million cubic feet per day (MMcf/d).
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Antero Resources 2018 – $398M Loss, Production Up 20%

Antero Resources, one of the biggest drillers in the Marcellus/Utica region (focused on wet gas drilling), released its full year and fourth quarter 2018 update last week. The company reports 2018 daily gas equivalent production averaged a record 2.7 billion cubic feet per day (Bcf/d)–up 20% over 2017. 4Q18 production averaged 3.2 Bcf/d, up 37% over 4Q17 (and up 18% from 4Q18). However, the company’s financial performance wasn’t as stellar.
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Epsilon Energy Spending $12-$15M in NEPA Marcellus in 2019

From time to time we check in on Epsilon Energy, which concentrates most of its effort on the Marcellus in Susquehanna County, PA. The former Canadian company decided to “domesticate” itself, moving headquarters from Canada to Houston, TX last summer (see Epsilon Energy Becoming “Domesticated” – Moving from Canada to U.S.). The company reports it will spend a total of $20-$25 million on various drilling activities in 2019, with 60% of that ($12-$15 million) in the Marcellus.
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CNX Faulty Utica Well in SWPA Will Cost Company $30M+

CNX was fracking their Shaw 1G Utica well in Washington Township (Westmoreland County) on Saturday, Jan. 26, when they detected “a strong drop in pressure” and stopped fracking (see CNX Hits Major Problem Fracking Utica Well Near SWPA Reservoir). Turns out the well was “communicating” (i.e. losing gas to) several nearby conventional wells.
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