Marcellus

U.S. natural gas supply is becoming increasingly dependent on three major shale basins, raising concerns about future output, price volatility and constraints on LNG growth.

Antero Midstream is targeting higher EBITDA and cash flow in 2026, backed by Marcellus infrastructure expansion and the integration of newly acquired midstream assets.

U.S. natural gas production reached a record average of 118.5 billion cubic feet per day in 2025, driven largely by growth in the Permian, Appalachia and Haynesville regions, according to the U.S. Energy Information Administration.

A Pennsylvania county has rejected a rezoning request tied to a proposed gas-powered data center development, underscoring growing local resistance to energy-intensive data infrastructure projects.

Appalachia Midstream has filed permits to build a new 12-inch natural gas pipeline in Pennsylvania, marking another regulatory step for Marcellus gas infrastructure expansion.

Global natural gas liquids volumes are projected to rise through 2035, with North America maintaining the largest share as petrochemical demand and shale gas production support long-term growth.

EnCap Investments has closed a $2 billion continuation vehicle for PennEnergy Resources. The fund will support development of PennEnergy’s Marcellus Shale assets, expand its natural gas inventory, and fund bolt-on growth opportunities in a favorable gas market.

Mountain Valley Pipeline has filed a FERC application for its MVP Boost project, a 600 MMcf/d capacity expansion using new compression facilities in West Virginia and Virginia. The fully subscribed project targets a 2028 start-up.

XPLR Infrastructure has completed the $1.1 billion sale of its Pennsylvania gas pipeline assets (Meade and Redwood Meade) to Ares affiliates, as detailed in its Sept. 22 Form 8-K.

A leading Marcellus Shale gas producer has expanded its Capstone microturbine fleet beyond 150 units with a new order from E-Finity, highlighting demand for reliable, low-emission on-site power.

Blackstone will acquire the 620-MW Hill Top Energy Center in Pennsylvania for nearly $1 billion, expanding its U.S. natural gas portfolio.

Coterra Energy has signed its first Permian power netback deal, agreeing to supply 50 MMcf/d to a 1,350-MW CPV power plant in Texas starting in 2028, priced at ERCOT West index levels.

EQT to supply 665,000 MMBtu/day of gas via Texas Eastern and Eastern pipelines to power the 4.4 GW Homer City data center campus in Pennsylvania.

EQT has finalized two major gas supply deals with Duke Energy and Southern Company, committing 1.2 Bcf/d over 10 years. The contracts, set to begin in 2027, will route Appalachian gas through the Mountain Valley Pipeline to meet rising utility demand fueled by data centers and AI growth.

Enbridge is partnering with Anax Power and Magellan Scientific to deploy emissions-free power systems at pipeline sites in Ontario and Pennsylvania, marking a first-of-its-kind installation in Canada.