Utica shale

M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.

The new numbers for the Marcellus Shale and Point Pleasant-Utica Shale represent large increases from previous USGS assessments of both formations.

The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays. CPPIB financially backs operator Encino Energy, which last year acquired Chesapeake Energy’s Utica assets.

When methane is found in water wells near an unconventional well, fingers point to facturing as the liklely suspect. But a study of wells in the Utica Shale named other sources.

In unconventional plays, comparing the effect of different completion designs or well-management strategies on well performance remains a challenge because of the relatively brief production history and lack of long-term field analogs of these plays.

While the collapse in oil price is reshaping opinions about the North American shale revolution and the outlook for oil producers, natural gas producers in the United States are in a somewhat different position