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

Appalachian oil runs drop laid to Marcellus

Jun 30, 2010

A shift in drilling emphasis from conventional to unconventional plays the past 2 years, particularly the Marcellus shale, has resulted in a substantial drop in crude oil production available to refiners in the Appalachian basin, said Ergon Oil Purchasing Inc.

IHS Herold: E&P spending to rise 8% this year

Jun 15, 2010

Upstream spending this year among more than 110 of the world’s largest publicly traded oil and gas companies will rise by 8% to $353 billion, according to the latest IHS Herold Global Upstream Capital Spending Report.

KMEP launches Marcellus NGL pipeline open season

Jun 15, 2010

Kinder Morgan Energy Partners LP launched a 30-day nonbinding open season June 14 to further gauge shipper interest for its Marcellus lateral project, providing Marcellus shale natural gas liquids transportation to fractionation plants and petrochemical facilities near Sarnia, Ont.

MARKET WATCH: Accidents plague industry, influence prices

Jun 8, 2010

The price of the front-month crude contract continued to decline June 7 in the New York market as the euro plumbed a new 4-year low against the dollar, but the near-term natural gas position continued to climb with the eruption of a Texas intrastate gas line west of Cleburne.

OGJ Newsletter

Jun 7, 2010

Firms to move ethane from Marcellus shale to Gulf Coast

Jun 4, 2010

MarkWest Liberty Midstream & Resources LLC—a partnership of MarkWest Energy Partners LP and Energy & Minerals Group—and Sunoco Logistics Partners LP announced June 1 a combined pipeline and marine project to move ethane produced in the Marcellus shale to the US Gulf Coast.

Shell to buy East Resources for $4.7 billion

May 28, 2010

Another major oil and gas company has entered a multibillion-dollar deal to acquire interests in North American unconventional resources.

Firms form venture to expand Marcellus, Huron shale processing

May 27, 2010

Yet more infrastructure is in the works for shale plays in the eastern US.

BG Group, EXCO to exploit Appalachian leases

May 10, 2010

BG Group PLC will join EXCO Resources Inc., Dallas, in 50-50 development and operation of EXCO’s Appalachian basin assets in Pennsylvanian and West Virginia.

Consol closes Dominion Appalachian purchase

May 3, 2010

Consol Energy Inc., Pittsburgh, has closed the purchase of Dominion Resources Inc.’s Appalachian exploration and production business for $3.475 billion.

OGJ Newsletter

May 3, 2010

Strickland takes PostRock geoscience slot

Apr 27, 2010

PostRock Energy Corp., Oklahoma City, has named Douglas K. Strickland as executive vice-president of exploration and geoscience.

US imposes tariff on Chinese OCTG imports

Apr 26, 2010 The US Department of Commerce has imposed tariffs on oil country tubular goods (OCTG) imported from China after determining they were being sold in the US at margins ranging from 29.94% to 99.14%.

OGJ Newsletter

Apr 26, 2010

Atlas, Reliance add Marcellus acreage

Apr 21, 2010

Atlas Energy Inc., Pittsburgh, and Reliance Industries Ltd., Mumbai, closed on a $1.7 billion joint venture in the Appalachian basin Marcellus shale play and added more than 42,000 acres to their portfolio.

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