oil & gas assets

Eastern Scout

Serving the local market with drilling activities, permits & multiple listings

Eastern Scout
PLS's new Eastern Scout covers local drilling activity, permit data, rig activity and completions in the Eastern region (Pennsylvania, Ohio & West Virginia). Like all of PLS's Regionals this report includes a wealth of statistical analysis on activities and corporate performance. The reports also layer select advertising, business opportunities and multiple listings for sale.

  • Stay in front of local prospects, plays & rigs!
  • Pennsylvania, Ohio & West Virginia
  • Hard Copy and Email For 1 Individual
  • Every 3 to 4 Weeks (15 issues per year)
  • Regional discoveries, drilling activity, permits,
    completions and summary drilling statistics, layered
    with regional listings and business opportunities
  • Web access to the Eastern Scout archive
  • Does not include access to MLS

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News Date
SE - Cabot Oil & Gas Highlights - November 12, 2019
Cabot Oil & Gas is already weighing a potential reduction to its 2020 capex after the natural gas forward curve for the next year fell below the company’s $2.50/MMbtu price assumption. Initially, 2020 guidance was released at the end of July and called for $700-725 million in capital expenditures, including $125- 150 million in growth capital. As a result of the bearish gas outlook, Cabot is now considering a maintenance capex plan that would keep 4Q20 guidance flat YOY at the midpoint of...
Nov 13, 2019
ES - Antero’s Q3 D&C spend reaches lowest level since 2013 IPO - November 12, 2019
Antero Resources has made significant progress on its cost reduction initiatives. Well costs are currently averaging $895/ft, which is 4% below its H2 target of $930/ft; 1Q20 costs are now targeted at $880/ft and full-year 2020 costs at $830-$870/ft. Lease operating expenses in Q3 were down 21% compared to H1 at $0.12/Mcfe, driven by localized water blending that reduced flowback water costs and the use of 20% lower volumes of fresh water per foot; water costs represent 80% of the company’s...
Nov 12, 2019
ES - EQT eyes lower capex & flat production in 2020 - November 12, 2019
EQT eyes lower capex & flat production in 2020 EQT laid out its 2020 plans with an eye toward reduced costs and capex. Sales volumes are forecast to be roughly flat compared to 2019 at 1.45-1.50 Bcfe/d, while capital expenditures will be $525 million lower YOY at $1.3-1.4 billion, allowing for $200- 300 million in free cash flow. That capex reduction would have been even steeper, but EQT concurrently reduced its 2019 capex guidance by $115 million. The company plans to reduce well...
Nov 12, 2019
ES - Regional Highlights - November 12, 2019
The EIA projects that Appalachia production will rise by 3,000 bo/d and 132 MMcf/d sequentially in November to 162,000 bo/d and 33.299 Bcf/d. There are 504 DUCs in Appalachia as of September, down by 16 versus...
Nov 12, 2019
SE - Montage Resources Highlights - November 12, 2019
Montage Resources reported Q3 production of 621.7 MMcfe/d, above the high end of its 600-615 MMcfe/d guidance. It plans to continue running a single rig in Appalachia into 2020. CEO John Reinhart said the production beat was driven by continued benefits of the successful integration of Eclipse Resources and Blue Mountain Resources assets, including “significant efficiency gains, cost reductions and shortened cycle times coupled with the ongoing well outperformance.” Eclipse and Blue Mountain...
Nov 12, 2019
SE - CNX Resources Highlights - November 12, 2019
CNX Resources anticipates spending less in 2020 than previously planned and is scaling back growth plans as the natural gas outlook appears bearish. The company will spend $885-950 million on capex compared to prior targets of $945 million to $1.01 billion. Production guidance has been revised to 1.47- 1.55 Bcfe/d from 1.56-1.63 Bcfe/d. This would amount to 3% YOY growth versus 2019. However, the company still expects to generate $146 million in free cash flow next year, which is 8% more than...
Nov 12, 2019
ES - Chesapeake’s Marcellus long laterals deliver exceptional rates - October 22, 2019
Chesapeake Energy continues to demonstrate that it is the leader in getting huge initial production rates out of horizontal natural gas wells. Test rates were recently released for five exceptional Marcellus long laterals completed earlier this year in Pennsylvania. In Wyoming County, the AMCOR #2HC was completed with a 12,370- ft effective lateral in 90 stages. During a 24-hour test, the well produced 84.3 MMcf/d. This appears to be a new record for the Marcellus. Also surpassing...
Oct 22, 2019
ES - Seneca to reduce activity in FY20 on poor price outlook - October 22, 2019
Seneca Resources is scaling back spending in its FY20 to $455-505 million, including $415-455 million for exploration and production, compared to expected full-year 2019 spend of $525-550 million. Production is projected to average 644-671 MMcfe/d in FY20, which would be an estimated 14% increase YOY. The company anticipates that prices will deteriorate and thus is reducing its development activity, dropping one of its three rigs during fiscal 2Q20 (quarter ending March 31). Seneca’s...
Oct 22, 2019
ES - Regional Highlights - October 22, 2019
The EIA projects that Appalachia production will rise by 3,000 bo/d and 132 MMcf/d sequentially in November to 162,000 bo/d and 33.299 Bcf/d. There are 504 DUCs in Appalachia as of September, down by 16 versus August.FERC has issued a certificate of public convenience and necessity authorizing William’s Southeastern Trail expansion project designed to serve Transco pipeline markets in the Mid-Atlantic and Southeastern U.S. in time for the 2020-2021 winter heating season. The...
Oct 22, 2019
ES - Range Resources Highlights - October 22, 2019
Range Resources sold a 0.5% overriding royalty interest in southwest Appalachia. The assets cover 1,750 net 100%-royalty acres and have 9.79 MMcfe/d of net royalty production (1.958 Bcfe/d for full asset). “Over the last year, Range has executed on approximately $1.1 billion in asset sales, making substantial progress on our strategic objective of reinforcing financial strength,” CEO Jeff Ventura...
Oct 22, 2019

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