Upstream

Layoffs Hitting the Gas Fields, Including Marcellus/Utica

This post was originally published on this siteAccording to Reuters, oilfield service companies and drillers have put the brakes on hiring and “further job cuts could loom” as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. We told you yesterday that Chesapeake Energy announced a coming …

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Range Resources – Steady as She Goes in 2024 with 2 Rigs

This post was originally published on this siteRange Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2023 update yesterday. The company previously released operational details for 4Q23 (see Range Releases 4Q Production & Pricing Numbers, Proved Reserves). …

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Southwestern Spent $2.1B in 2023 to Drill 110 Wells Incl. 67 M-U

This post was originally published on this siteSouthwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its fourth quarter and full-year 2023 update yesterday. You may recall that Southwestern recently agreed to a deal to be acquired by and merged into Chesapeake Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B …

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More Drilling Mud Surfaces Near Marsh Creek State Park in PA

This post was originally published on this siteWhile drilling in Chester County, PA, in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return” — nontoxic drilling mud coming up out of the ground where it’s not supposed to (see Mariner East 2X Construction Causes …

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