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

Frac disclosures

Dec 13, 2010 The controversy surrounding perceived hazards of contaminating ground and surface fresh water from hydraulic fracturing has led service companies and operators to disclose much more about the fluids and practices that are essential for tapping the vast gas and oil resources trapped in shales, tight sands, and coals.

Shale gas supply expected to keep US prices low in 2011

Dec 13, 2010 While another year of price distress awaits US producers of natural gas from shale reservoirs, technology has lowered breakeven thresholds of important plays, speakers said at an industry conference in Houston.

Antero Resources to buy Marcellus assets

Dec 2, 2010

Antero Resources LLC, a private Denver independent, is buying Bluestone Energy Partners, a private company with Marcellus shale acreage in West Virginia and Pennsylvania.

OGJ Newsletter

Nov 29, 2010 International News for Oil and Gas professionals

API economist: Taxes, restrictions could stymie gas potential

Nov 29, 2010 State and federal lawmakers should resist calls to heavily tax or restrict development and production of natural gas from shale formations, an American Petroleum Institute senior economist urged.

OGJ Newsletter

Nov 22, 2010 International News for Oil and Gas professionals

Williams expands in Marcellus; acquires Cabot midstream assets

Nov 19, 2010

Williams Partners LP is expanding its midstream business in Pennsylvania's Marcellus shale, acquiring Cabot Oil & Gas Corp.’s midstream assets in Susquehanna County, Pa., for $150 million.

Taxes, restrictions could stymie gas potential, API economist warns

Nov 18, 2010

State and federal lawmakers should resist calls to heavily tax or restrict development and production of natural gas from shale formations, an American Petroleum Institute senior economist urged.

National Fuel, Empire announce Marcellus open seasons

Nov 18, 2010

National Fuel Gas Supply Corp. and Empire Pipeline Inc., the operating companies that make up the pipeline and storage segment of National Fuel Gas Co., have begun two open seasons for firm transportation capacity from the Marcellus shale formation in the central and southwestern producing regions of Pennsylvania.

Halliburton adds frac fluid additive section to web site

Nov 16, 2010

Halliburton Co. has established a new section of its corporate web site devoted to hydraulic fracturing that includes information about the identity and common uses of additives in its fracing products, the oil field services company reported.

El Paso plans one-rig Wolfcamp shale oil program into 2011

Nov 15, 2010 El Paso Corp. plans to spud a well during November in its Wolfcamp shale oil acreage in West Texas as part of a one-rig program focused on finding the optimal lateral length and completion method before the company ramps up Wolfcamp drilling activity during 2011.

OGJ Newsletter

Nov 15, 2010

Chevron to buy Atlas, gain Marcellus foothold

Nov 9, 2010

Chevron Corp. has agreed to acquire Atlas Energy, a Pittsburgh independent producer with a major land position in the Marcellus shale gas play, for $3.2 billion cash plus assumption of debt of $1.1 billion.

Slide seen in Cherokee basin coalbed methane output

Nov 1, 2010 Coalbed methane production from the Cherokee basin in southeast Kansas and northeast Oklahoma appears to be dropping from peaks in 2008 in Kansas and 2006 in Oklahoma.

Rendell halts further leasing in Pennsylvania state forests

Nov 1, 2010
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