EQT slows down while other Pa. gas drillers pick up permitting
Appalachian driller EQT Corp., the nation's No. 1 gas producer by volume, sharply cut the number of well permits it pulled in Pennsylvania in April, dragging the statewide total of issued permits down 26% year over year despite significant increases in permitting activity by other drillers.
No. 2 Ohio driller Ascent Resources prepares to pour it on in Utica Shale
Utica Shale permitting activity in Ohio in April shrank by 41% compared to a year ago despite privately held Ascent Resources' seeming bid to replace Gulfport Energy Corp. as Ohio's top gas producer by volume. According to company reports, Ascent produced 941 MMcf/d in the first quarter, while Gulfport produced 968 MMcf/d in the Utica for the quarter.
FERC disavows tax policy drama behind pipeline MLP shake-ups
With natural gas pipeline companies citing the burden of proposed federal tax changes in pulling their master limited partnerships off the field of play, the chairman of the Federal Energy Regulatory Commission said it will make its final decision on the tax policy based on law, with no preference for a certain corporate structure.
Velvet Energy offers to buy out fellow Canadian producer Iron Bridge for C$120M
The Calgary, Alberta-based producer Velvet Energy Ltd. is offering to acquire all of the outstanding common shares of fellow Canadian company Iron Bridge Resources Inc. in a C$120 million all-cash deal.
