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

OOGA focused on developing more markets for Utica gas

Apr 1, 2015

The development of markets for Utica gas is a priority for recently appointed Ohio Oil and Gas Association’s Executive Vice-President Shawn Bennett.

Antero delays Marcellus well completions, stays highly hedged

Apr 1, 2015

Antero Resources Corp. of Denver is slowing completions this year after placing 415 horizontal wells total on stream in the Marcellus and Utica shale plays since 2009, and the company calls itself among the most highly hedged US exploration and production companies currently.

Private equity firm to finance gas-fired power plant

Apr 1, 2015

Panda Power Funds agreed to jointly develop a 1,000-Mw Pennsylvania power project that will use natural gas from the Marcellus shale, the Dallas private equity firm announced.

Gov. Wolf says state forests, parks off limits to new drilling

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) signed an executive order reinstating a moratorium on new drilling leases on state forests and parks.

Pennsylvania governor proposes natural gas severance tax

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) outlined a proposed $29.9 billion budget on Mar. 3 that would involve $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Deloitte: Low prices provide incentive for improved efficiencies

Apr 1, 2015

Oil and gas companies are learning how to operate more efficiently given recent low oil prices, Deloitte LLP speakers told a February media briefing in Houston, noting that tight refining profit margins previously forced the downstream industry to learn this.

Marcellus Briefs

Mar 31, 2015

BHI: US rig count plunges in 15th straight week, spurred by offshore dropoff

Mar 20, 2015

The US drilling rig count fell 56 units—41 of which targeted oil—to settle at 1,069 rigs working during the week ended Mar. 20, capping off the 15th consecutive week in declines, according to data from Baker Hughes Inc.

Transco files FERC application for Dalton expansion project

Mar 20, 2015

Transcontinental Gas Pipe Line Co. LLC (Transco), a wholly owned subsidiary of Williams Partners LP, has filed an application with the US Federal Energy Regulatory Commission for its Dalton expansion project, which would transport Marcellus shale gas to the US Southeast for electric power generation and local natural gas distribution.

Pennsylvania governor proposes natural gas severance tax

Mar 9, 2015

Pennsylvania Gov. Tom Wolf proposed a $29.9-billion budget on Mar. 3 that includes $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

BHI: US rig count plunges 75 units to lowest total since 2009

Mar 6, 2015

The US drilling rig count plunged 75 units—all on land—to settle at 1,192 rigs working during the week ended Mar. 6, according to data from Baker Hughes Inc.

Magnum Hunter names reservoir engineering vice-president

Mar 5, 2015

Magnum Hunter Resources Corp., Houston, has appointed Charlie Gibson as vice-president of reservoir engineering, effective. He will report to Gary C. Evans, chairman and chief executive officer.

Pennsylvania governor proposes natural gas severance tax

Mar 3, 2015

Pennsylvania Gov. Tom Wolf proposed a $29.9 billion budget on Mar. 3 that includes $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Noble Energy's budget down 40% in 2015

Feb 27, 2015

Noble Energy Inc., Houston, plans to spend $2.9 billion in 2015, representing a 40% reduction from 2014. The company also reported full-year 2014 net income of $1.21 billion and adjusted income of $881 million.

Antero Resources cuts 2015 Marcellus spending vs. 2014

Feb 26, 2015

Antero Resources Corp., Denver, said it plans to spend $1.6 billion during 2015 for drilling and completion activities in the Marcellus and Utica shale plays, marking a 36% reduction as compared with 2014 drilling and completion expenditures.

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