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Atlas sees 4-6 tcf recovery from Marcellus shale

03/03/2008
Philadelphia operator Atlas Energy Resources LLC said it has determined that it could ultimately recover 4 to 6 tcf of natural gas from the Devonian Marcellus shale on its properties mostly in southwestern Pennsylvania.Atlas Energy controls 483,000 acres in Pennsylvania, New York, and West Virginia and is aggressively adding land.After reviewing the length of its hydraulic fracs, the company said it believes it will be able to develop the formation with vertical wells on 40-acre spacing. That would give it 4,000 to 6,000 potential locations in southwestern Pennsylvania, where it is concentrating on 224,000 acres and where it has drilled all but one of its Marcellus wells.Almost all of the...
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