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

New York raises taxes yet spurns big revenue hope

Aug 16, 2010 When clothing expenses rise later this year, New Yorkers can console themselves by quaffing unthreatened water.

El Paso launches open season for MEPS project

Aug 11, 2010

El Paso Midstream Group Inc., a subsidiary of El Paso Corp., on Aug. 9 began a 30-day, nonbinding open season to solicit interest for its proposed Marcellus Ethane Pipeline System (MEPS).

EOG to shed excess shale play acreage

Aug 9, 2010

EOG Resources Inc., Houston, has offered for sale two packages of noncore North American natural gas assets and acreage in gas and liquids plays to partly fund its 2010 and 2011 capital programs.

Mitsui still declines to pay share of Macondo cleanup costs

Aug 9, 2010 Mitsui & Co. Ltd. Executive Vice-Pres. and Chief Financial Officer Junichi Matsumoto, reiterating earlier statements by company officials, said his firm has yet to pay any part of a $480 million bill it received from BP PLC for costs related to the oil spill in the Gulf of Mexico.

OGJ Newsletter

Aug 9, 2010 Internatinoal News for oil and gas professionals

Westmont buys into Marcellus-Chattanooga oil, natural gas play

Aug 9, 2010 Westmont Resources Inc. has completed an agreement to acquire 92 wells in Tennessee's Chattanooga shale region, currently operated by AG Oil & Gas, a division of Domestic Energy Corp. Terms of the agreement were not disclosed.

New York raises taxes but spurns big revenue hope

Aug 6, 2010

When clothing expenses rise later this year, New Yorkers can console themselves by quaffing unthreatened water.

New York Senate stalls Marcellus fracing

Aug 5, 2010

The New York Senate, by a vote of 49-9, approved a temporary ban on the drilling of wells requiring hydraulic fracturing.

Ultra names Zinke to head new ventures group

Aug 2, 2010

Ultra Petroleum Corp., Houston, has named Sally Zinke as director, new ventures.

OGJ Newsletter

Aug 2, 2010 International news for oil and gas professionals

Boost in Marcellus shale jobs, economy expected, study says

Aug 2, 2010 Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned by the American Petroleum Institute concluded.

Services/Suppliers

Aug 2, 2010

Study projects boost in Marcellus shale jobs, economy

Jul 22, 2010

Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned by the American Petroleum Institute concluded.

Services/Suppliers

Jul 19, 2010

Norse's New York seismic clarifies multiple pays

Jul 12, 2010 Norse Energy Corp., Oslo, reported encouraging initial results from a 3D seismic survey on its acreage in central New York state.
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