Marcellus
The 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
Obama calls for using some oil, gas revenue ‘to get cars off oil’
Feb 13, 2013
US President Barack Obama proposed using some federal oil and gas revenue to fund an energy security trust that would support “research and technology to shift our cars and trucks off oil for good.” |
Caerus to buy PDC Energy’s noncore Colorado natural gas assets
Feb 6, 2013
Caerus Oil & Gas LLC plans to buy what PDC Energy Inc. considers its noncore Colorado natural gas assets for $200 million. |
Seneca hooking up Lycoming Marcellus completions
Jan 22, 2013
Seneca Resources Corp., Williamsville, NY, expects to have 15 wells Marcellus shale wells producing into the Trout Run Gathering System in Lycoming County, Pa., by the end of January, including six wells on which it reported completion Tuesday, said its parent National Fuel Gas Co. |
Accenture: US shale gas operations offers lessons for other countries
Jan 3, 2013
Countries embarking on shale gas development worldwide stand to benefit from lessons learned in US shale gas operations and water management, according to a recent report from Accenture. |
Ohio Marcellus-Utica drilling joint venture formed
Jan 2, 2013
Magnum Hunter Resources Corp., Houston, said its Triad Hunter LLC subsidiary formed a joint venture with Eclipse Resources I LP, private State College, Pa., operator, to drill 12 Marcellus shale and 12 Utica shale horizontal wells in 3 years in Monroe County, Ohio. |
EQT to sell Pennsylvania gas utility for $720 million
Dec 21, 2012
EQT Corp., Pittsburgh, will sell its Equitable Gas Co. LLC natural gas distribution business to Peoples Natural Gas, which has agreed to enter into long-term contracts for gas transmission, supply, and storage with EQT. |
Chesapeake to sell midstream assets in various US shale plays
Dec 12, 2012
Chesapeake Energy Corp. plans to sell midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville, and Niobrara to Access Midstream Partners for $2.16 billion in a transaction expected to close by Dec. 31. |
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