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

PwC: US oil, gas transaction value hits 10-year high in 3Q

Oct 29, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

Williams Partners, Access Midstream Partners to merge

Oct 27, 2014

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

Antero production surpasses 1 bcfed

Oct 16, 2014

Antero Resources has surpassed 1 bcfd of net gas-equivalent (bcfed) production from the Marcellus and Utica shales and secured the gas processing and pipeline capacity needed to meet aggressive production growth targets.

Shell expands leasehold position in Marcellus, Utica

Oct 16, 2014

Royal Dutch Shell PLC has signed two separate deals that will enable it to exit its positions in the Haynesville shale and Pinedale field in exchange for $2.1 billion in cash and additional acreage in the Utica and Marcellus shales in Pennsylvania.

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

Oct 16, 2014

Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Virginia from Chesapeake Energy Corp., Oklahoma City, for 5.375 billion.

BHI: Permian drives gains in weekly, yearly US rig count

Oct 10, 2014

The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian basin, Baker Hughes Inc. reported.

Chief operating officer named for American Energy units

Sep 29, 2014

American Energy Partners LP, Oklahoma City, has appointed John K. Reinhart as the chief operating officer of affiliates American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM).

Shell completes Marcellus, Utica acquisition

Sep 26, 2014

Royal Dutch Shell PLC has completed a previously reported deal in which it acquires 155,000 net acres in the Marcellus and Utica areas of Pennsylvania and receives a cash payment of $925 million from Ultra Petroleum Corp., Houston, in exchange for Shell’s 19,000 net acres of leasehold interest in the Pinedale of Wyoming, including associated gathering and processing contracts.

MarkWest, Ohio Gathering to provide Utica gas services to American Energy unit

Sep 23, 2014

MarkWest Utica EMG LLC, a joint venture of MarkWest Energy Partners LP and The Energy & Minerals Group, and Ohio Gathering Co. LLC, a joint venture of MarkWest Utica EMG and Summit Midstream Partners LLC, have agreed to provide natural gas gathering, processing, and fractionation services in the Utica shale in Ohio to American Energy–Utica LLC (AEU).

Total to sell Utica midstream assets to Korean firms

Sep 23, 2014

Total SA affiliate Total E&P USA has agreed to sell its 25% interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale, to E1 Corp. and a consortium led by Samchully, both from South Korea, for $400 million plus an estimated price adjustment of $50 million.

Uneven effects seen from new Appalachian pipelines

Sep 15, 2014

Producers in the Appalachian basin will benefit unevenly from markets opening for natural gas from the Marcellus and Utica shales, according to a Canaccord Genuity analyst.

The gas market's horizon

Sep 15, 2014

This year has been relatively bullish for the US natural gas market, largely because of an extremely cold winter season in much of the nation and the drawdown of storage inventories to record-low levels.

Freeport LNG supply header, compression trains advance

Sep 11, 2014

Gulf South Pipeline Co. LP, a subsidiary of Boardwalk Pipeline Partners LP has reached 20-year firm precedent agreements with foundation shippers to transport about 1.4 bcfd of natural gas on its Coastal Bend Header for the first two trains of Freeport LNG Development LP’s planned liquefaction plant, near Freeport, Tex.

Dominion heads 1.5-bcfd Atlantic Coast gas pipeline joint venture

Sep 8, 2014

Dominion, Duke Energy, Piedmont Natural Gas, and AGL Resources have formed a joint venture to build and own the proposed 1.5-bcfd Atlantic Coast Pipeline.

Williams holding open season on Western Marcellus Transco expansion

Sep 5, 2014

Williams is holding an open season for its Western Marcellus Pipeline Project, an expansion of the Transco interstate pipeline to provide incremental firm natural gas transportation to growing markets in the Mid-Atlantic and southeastern US by late 2018.

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