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

Watching Government: Marcellus shale impact surprises

Apr 21, 2014

Impacts of oil and gas development on nearby communities are getting more attention.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

PEOPLE

Apr 16, 2014

Industry improves public perception through outreach, education

Apr 16, 2014

Public relations experts shared their thoughts on how the oil and gas industry can improve its image, and judges from two Texas counties spoke about concerns of residents in the Eagle Ford shale at Petroleum Connection's Clean Frac'ing Conference.

Range Resources boosts Marcellus shale production above 1 bcfd

Apr 16, 2014

Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.

MARCELLUS & UTICA Briefs

Apr 16, 2014

Moody's: Marcellus shale gas producers to benefit most in US

Apr 7, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody's said in a recent report.

Moody’s: Marcellus shale gas producers to benefit most in US

Apr 1, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody’s said in a recent report.

ANR receives 2 bcfd of shipper commitments for SEML

Mar 31, 2014

TransCanada Corp.’s ANR Pipeline system has secured almost 2 bcfd of firm natural gas transportation commitments on its Southeast Main Line (SEML) for an average term of 23 years, with roughly 1.25 bcfd beginning this year and the balance next. The company said it is reviewing options for further expansion of SEML.

Baker Hughes: US drilling rig count rebounds to 1,809

Mar 28, 2014

The US drilling rig count gained back the 6 units it lost last week to reach 1,809 rigs working during the week ended Mar. 28, Baker Hughes Inc. reported.

Devon, Crosstex complete merger of midstream assets

Mar 7, 2014

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

Baker Hughes: US drilling rig count edges down to 1,769

Feb 28, 2014

The US drilling rig count gave up 2 units to settle at 1,769 rigs working during the week ended Feb. 28, Baker Hughes Inc. reported.

PwC: US M&A activity down in 2013 despite strong finish

Feb 10, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn't enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Baker Hughes: US drilling rig count dips to 1,771

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

MARCELLUS Briefs

Feb 1, 2014
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