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  1. Marcellus shale sees massive resurgence in M&A activity

    Mark Young , Evaluate Energy There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy’s global M&A review for 2016. Marcellus assets changed hands for a total of US$7.25 billion in 2016 – a massive increase on US$920 million in 2015. When an increase in M&A activity of this size occurs so quickly, the usual reason is that there were one or two deals with extremely high values skewing the figures. Here, however, this is not the case according to Evaluate Energy data. Not only were Marcellus shale deal values up in 2016, but the 13 “large” deals with a value of over $100 million was in fact the highest number of large deals seen in the play since its first real M&A boom in 2010. This is indicative of a real, widespread increase in Marcellus M&A activity over the past 12 months. Source: Evaluate Energy Global Upstream M&A Review 2016 The Marcellus has a core group of significant players, which includes some of the United States’ biggest natural gas producers. Some of these companies – including EQT Corp. (NYSE:EQT) and Antero Resources Corp (NYSE:AR) – were keen this year to take advantage of other companies deciding that their respective Marcellus positions were in fact now non-core assets. A handful of major international players were among the selling parties; Anadarko Petroleum Corp. (NYSE:APC), Statoil ASA (Oslo:STL) and Japan’s Mitsui & Co Ltd. all agreed a sale of Marcellus acreage for over $100 million. About the author Mark Young is a senior oil and gas analyst at Evaluate Energy.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  2. TransCanada gets approval to construct shale gas pipeline projects

    The US Federal Energy Regulatory Commission has issued an order approving the construction of TransCanada Corp.’s Leach XPress and Rayne XPress projects that will transport natural gas from the Marcellus and Utica regions to the Midwest and Gulf Coast.

    Online Articles

    Online Articles

    Thu, 19 Jan 2017

  3. BHI: US rig count records largest increase since 2011

    The US rig count has posted its largest increase since the beginning of the shale oil and gas boom.

    Online Articles

    Online Articles

    Fri, 20 Jan 2017

  4. Anadarko sells Marcellus shale natural gas assets

    Anadarko has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development for approximately $1.24 billion.

    Online Articles

    Online Articles

    Fri, 23 Dec 2016

  1. Anadarko to sell Marcellus Shale natural gas assets

    Online Articles

    Online Articles

    Wed, 21 Dec 2016

  2. Anadarko to sell Marcellus assets to Alta Resources for $1.24 billion

    Anadarko Petroleum Corp., Houston, has agreed to sell its operated and nonoperated upstream assets and operated midstream assets in the Marcellus shale of north-central Pennsylvania to Alta Marcellus Development LLC, a wholly owned subsidiary of Houston-based Alta Resources Development LLC, for ...

    Online Articles

    Online Articles

    Wed, 21 Dec 2016

  3. EIA: February oil output from major US onshore regions to rise 41,000 b/d

    Crude oil output from the seven major US onshore producing regions is expected to rise 41,000 b/d month-over-month in February to 4.748 million b/d, according to data from the US Energy Information Administration.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  4. Sanchez, Blackstone team to buy Anadarko Eagle Ford acreage for $2.3 billion

    Sanchez Energy Corp., Houston, and funds managed by private equity firm Blackstone Energy Partners LP have entered a 50-50 partnership and agreed to acquire working interest in 318,000 gross operated acres in the western Eagle Ford shale of South Texas from Anadarko Petroleum Corp., The Woodlands, ...

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  5. BHI: US rig count posts first decline in 2 months

    The US drilling rig count dropped by 6 to 659 active units during the week ended Jan. 13, marking its first decrease since Nov. 11, 2016, and largest since the drilling rebound began at the beginning of June, according to Baker Hughes Inc. data.

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  6. Noble Energy pays $205M to exit Marcellus JV with CONSOL

    CONSOL Energy Inc. and Noble Energy have agreed to separate their Marcellus Shale 50-50 Joint Venture.  

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  7. Noble, Consol to split Marcellus JV

    Consol Energy Inc., Pittsburgh, and Noble Energy Inc., Houston, have agreed to separate their 50-50 joint venture formed in 2011 for the exploration, development, and operation primarily of Marcellus shale properties in Pennsylvania and West Virginia.

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  8. Antero lifts 2017 capital budget by 7%

    Antero Resources Corp., Denver, has set its 2017 capital budget at $1.5 billion, up 7% from 2016. The total includes $1.3 billion for drilling and completions and $200 million for core leasehold additions and extensions.

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

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