Utica Shale

Utica Shale Description ImageThe Utica shale formation is one of the newest natural gas discoveries in North America. It is located in New York state and the Canadian province of Quebec, along the St. Lawrence River Valley. Some geologists have suggested the gas-bearing formation extends as far south as Pennsylvania. The other major shale formation in this area is the better-known Marcellus shale.

Estimates of natural gas deposits in the formation range from a low of about 2 trillion cubic feet (tcf) to a high of 60 to 70 tcf. At this time, most companies active in the Utica shale are drilling exploratory wells on the Canadian side of the border because the state of New York has been reluctant to grant drilling permits to date. Some production rates have tested up to 1 million cubic feet per day.

Utica Shale Map

Utica Shale News

Baker Hughes: US drilling rig count up to 1,858

Jun 20, 2014

The US drilling rig count gained 4 units to reach 1,858 rigs working during the week ended June 20, Baker Hughes Inc. reported.

American Energy, EMG form midstream unit

Jun 18, 2014

American Energy Partners LP (AEP) and The Energy & Minerals Group (EMG) have formed American Energy–Midstream LLC (AE-MidCo) to focus on areas where affiliates of both companies have active upstream operations.

Williams to buy Access Midstream Partners

Jun 16, 2014

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

Mountain Valley pipeline project open season commences

Jun 12, 2014

EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have commenced with a nonbinding open season for the 2 bcfd Mountain Valley pipeline project expected to connect Marcellus and Utica natural gas supply to the US Southeast.

Utica Briefs

Jun 10, 2014

McClendon’s American Energy units to acquire acreage in major US basins

Jun 9, 2014

American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion.

Fractionation to be added to Pennsylvania complex

Jun 5, 2014

MarkWest Energy Partners LP, Denver, and Energy & Minerals Group (EMG), Houston, will add fractionation capacity at their Hopedale complex in Harrison County, Ohio, to handle increasing NGL production from the Utica and Marcellus shales “under newly contracted commitments from numerous producers,” the companies said.

Baker Hughes: US drilling rig count lifts to 1,861

May 16, 2014

The US drilling rig count gained 6 units to 1,861 rigs working during the week ended May 16, Baker Hughes Inc. reported.

BP plans to exit Utica shale

May 1, 2014

BP America reported that it will not proceed with development of its nearly 100,000 acres of leasehold in the emerging Utica shale in Ohio.

PwC: US M&A activity reaches highest 1Q volume in more than a decade

Apr 30, 2014

The US oil and gas industry recorded its highest volume of first quarter mergers and acquisitions (M&A) in more than a decade, PwC US Energy Practice said in an Apr. 30 report on transactions with value greater than $50 million. The movement was a result of rising upstream activities and increased interest from foreign entities.

Williams, Boardwalk suspend Bluegrass NGL pipeline spending

Apr 29, 2014

Williams Cos. Inc. and Boardwalk Pipeline Partners LP have suspended capital investment in their proposed Bluegrass NGL pipeline, primarily due to insufficient firm customer commitments. The companies continue to talk with potential customers regarding the scale and timing of demand for services and the firm contractual commitments needed to support any future investment.

MARCELLUS & UTICA Briefs

Apr 16, 2014

BAKKEN Briefs

Apr 16, 2014

ANR receives 2 bcfd of shipper commitments for SEML

Mar 31, 2014

TransCanada Corp.’s ANR Pipeline system has secured almost 2 bcfd of firm natural gas transportation commitments on its Southeast Main Line (SEML) for an average term of 23 years, with roughly 1.25 bcfd beginning this year and the balance next. The company said it is reviewing options for further expansion of SEML.

Devon, Crosstex complete merger of midstream assets

Mar 7, 2014

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

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