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

AEP units complete Marcellus, Utica acquisitions

Aug 5, 2014

Two affiliates of American Energy Partners LP (AEP) have closed on acquisitions of assets totaling $1.75 billion.

EIA: Marcellus accounts for 40% of US shale gas production

Aug 5, 2014

Natural gas production from the Marcellus shale has surpassed 15 bcfd through July and now represents 40% of US shale gas production, making it the largest producing shale gas basin in the country, according to the US Energy Information Administration’s Drilling Productivity Report.

Algorithm provides new EUR estimates for US shale plays

Aug 4, 2014

Since the early 2000s, US shale gas production has grown exponentially and reached a production level of 26 bcfd in 2013, 40% of total US gas output according to the US Energy Information Administration (EIA). This growth was driven by technological advances in horizontal drilling, multistage hydraulic fracturing, and a favorable price environment.

PwC: 2Q oil and gas M&A activity strongest in 5 years

Jul 30, 2014

The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice.

EIA: Summer natural gas injection continues at a record pace

Jul 28, 2014

The US Energy Information Administration’s current Short-Term Energy Outlook projects a record build of nearly 2,600 bcf from the beginning of April through the end of October, which would put inventories at 3,431 bcf at the end of October. In line with EIA's expectations, working natural gas storage midway through the summer storage injection season is on pace to for a record overall build.

States with fracing are economically stronger, House panel told

Jul 28, 2014

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

Baker Hughes: US drilling rig count inches up to 1,875

Jul 11, 2014

The US drilling rig count reflected another uneventful week, again edging up only 1 unit to reach 1,875 rigs working during the week ended July 11, Baker Hughes Inc. reported.

Warren Resources to enter Marcellus with assets purchase

Jul 7, 2014

Warren Resources Inc., New York, has agreed to acquire the Marcellus assets of Citrus Energy Corp., Castle Rock, Colo., along with two additional working interest owners for $352.5 million, effective July 1.

Baker Hughes: US drilling rig count edges up to 1,874

Jul 3, 2014

The US drilling rig count edged up 1 unit to 1,874 rigs working during the abbreviated week ended July 3, Baker Hughes Inc. reported.

Ergon plans processing expansions in Appalachian basin

Jul 2, 2014

Ergon Inc., Jackson, Miss., has announced plans to expand processing capabilities of its subsidiaries’ operations in the Appalachian basin to support growing condensate and NGL production from the Marcellus and Utica shale regions.

Statoil reports fire at Ohio well pad now extinguished

Jun 30, 2014

A fire reported by Statoil ASA on June 28 at the company’s Eisenbarth well pad in Monroe County, Ohio, has been extinguished.

ICF: US needs ethane export capacity to sustain shale gas boom

Jun 25, 2014

Greater investment in infrastructure is needed to ensure that rising NGL production in the US can reach international markets. Without it, a glut will form, placing downward pressure on prices and eroding the economics of shale gas drilling.

Baker Hughes: US drilling rig count up to 1,858

Jun 20, 2014

The US drilling rig count gained 4 units to reach 1,858 rigs working during the week ended June 20, Baker Hughes Inc. reported.

American Energy, EMG form midstream unit

Jun 18, 2014

American Energy Partners LP (AEP) and The Energy & Minerals Group (EMG) have formed American Energy–Midstream LLC (AE-MidCo) to focus on areas where affiliates of both companies have active upstream operations.

Williams to buy Access Midstream Partners

Jun 16, 2014

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

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