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

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.

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.

OGJ Newsletter

Dec 13, 2010 International News for oil and gas professionals

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.

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 29, 2010 International News for Oil and Gas professionals

OGJ Newsletter

Nov 22, 2010 International News for Oil and Gas professionals
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