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

Williams, Boardwalk suspend Bluegrass NGL pipeline spending

Apr 29, 2014

Williams Cos. Inc. and Boardwalk Pipeline Partners LP have suspended capital investment in their proposed Bluegrass NGL pipeline, primarily due to insufficient firm customer commitments. The companies continue to talk with potential customers regarding the scale and timing of demand for services and the firm contractual commitments needed to support any future investment.

EIA: Marcellus gas production continues to outpace takeaway capacity

Apr 25, 2014

Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report.

Baker Hughes: US drilling rig count leaps to 1,861

Apr 25, 2014

The US drilling rig count jumped 30 units to reach a total of 1,861 rigs working during the week ended Apr. 25, Baker Hughes Inc. reported. The US now has 107 more rigs working compared with this week a year ago.

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.

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