Marcellus

Marcellus Shale ImageThe Marcellus shale play runs through northern Appalachia, primarily in Pennsylvania, West Virginia, New York, and Ohio. It is part of the Devonian black shale and the thickness of the gas-producing rock is as much as 900 feet. The formation runs an estimated 600 miles north to south, and is estimated to hold as much as 500 trillion cubic feet of natural gas, about 50 tcf of which is recoverable using current technology. It is one of the richest gas fields in North America.

The proximity to customers in Eastern urban centers is what makes the Marcellus so desirable. Fort Worth-based Range Resources was one of the early players in the Marcellus and still has a huge position in the play. Norway’s Statoil has signed a joint venture with Chesapeake Energy to work together in the Marcellus, and other US and foreign companies also are involved in drilling and infrastructure development.

Marcellus

Marcellus Shale News

Fitch: Shale plays to sustain N. American ethylene advantage

Apr 18, 2011

Aggressive investment plans of large oil companies in liquids-rich shale plays will sustain the cost advantage of North American ethylene producers in relation to European competitors “for some time,” says Fitch Ratings.

Strong state programs key to safe shale gas activity, senators told

Apr 13, 2011

Strong state enforcement programs are essential to ensure that drinking water supplies are protected as more natural gas is produced from tight shale formations, witnesses told a hearing of the US Senate Environment and Public Works Committee and its Water and Wildlife Subcommittee.

West Virginia: Gastar adds Marcellus acreage

Feb 28, 2011

Gastar Exploration Ltd., Houston, and its joint venture partner Atinum Marcellus I LLC have leased 3,300 gross acres in southwestern Marshall County, WV, prospective for wet gas in Devonian Marcellus shale.

Laser begins building Marcellus gathering system

Feb 3, 2011

Laser Northeast Gathering Co. LLC broke ground in New Milford, Pa., on construction of its Susquehanna Gathering System.

Marcellus cryogenic plant starts up in West Virginia

Jan 26, 2011

Another Marcellus gas processing plant has been started up near Cameron, W.Va.

PIOGA, API launch new Marcellus shale effort

Jan 20, 2011

The Pennsylvania Independent Oil & Gas Association (PIOGA) and the American Petroleum Institute have formed a Marcellus shale public education alliance to provide facts about the tight shale gas resource’s energy and economic potential.

Dominion secures plant site for Marcellus gas

Jan 12, 2011

Dominion, Richmond, Va., has reached agreement with PPG Industries on an option for Dominion to buy land at PPG's Natrium, W.Va., site for construction of a 300 MMcfd natural gas processing plant.

Marcellus play to get gas plant

Dec 27, 2010

Magnum Hunter Resources Corp., Houston, announced earlier this month that it will build a 200-MMcfd cryogenic natural gas processing plant to serve production moved on its Eureka Hunter pipeline in northwestern West Virginia.

Newfield, EOG terminate Marcellus shale transaction

Dec 27, 2010

Newfield Exploration Co. and EOG Resources Inc. mutually agreed to terminate a deal for Newfield to buy Marcellus shale development assets in Bradford County, Pa., from EOG for $405 million.

OGJ Newsletter

Dec 27, 2010

EXCO buying Marcellus assets from Chief

Dec 22, 2010

EXCO Resources Inc. will acquire Marcellus shale interests from Chief Oil & Gas LLC and related parties for $459.4 million, subject to price adjustments at closing. Both companies are based in Dallas.

OPEC retains current production

Dec 20, 2010 As was generally expected, oil ministers of the Organization of Petroleum Exporting Countries made no official production changes during their brief Dec. 11 session in Quito, Ecuador.

Watching Government: DRBC dives into Marcellus

Dec 20, 2010 The Delaware River Basin Commission (DRBC) stepped forcefully into the Marcellus shale gas discussions on Dec. 9 with proposed regulations covering all gas development projects regardless of their targeted geologic formation.

MARKET WATCH: Energy prices slumped slightly; OPEC takes no action

Dec 13, 2010

Energy prices weakened slightly Dec. 10 on speculation China might increase its benchmark interest rate over the weekend as oil ministers of the Organization of Petroleum Exporting Countries met Dec. 11 in Quito, Ecuador.

OGJ Newsletter

Dec 13, 2010 International News for oil and gas professionals
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