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

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.

Mountain Valley pipeline project open season commences

Jun 12, 2014

EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have commenced with a nonbinding open season for the 2 bcfd Mountain Valley pipeline project expected to connect Marcellus and Utica natural gas supply to the US Southeast.

Noble, Consol to launch Marcellus midstream MLP

Jun 12, 2014

Noble Energy Inc., Houston, and Consol Energy Inc., Pittsburgh, have submitted a confidential draft registration statement on Form S-1 to the US Securities and Exchange Commission relating to a proposed initial public offering of common units of a master limited partnership (MLP).

Marcellus continues to defy expectations, driving US gas production ever higher

Jun 10, 2014

Shale has been the primary driver of US gas supply growth since 2007, and the Marcellus shale has been the largest single contributor to rising production.

Marcellus Briefs

Jun 10, 2014

McClendon’s American Energy units to acquire acreage in major US basins

Jun 9, 2014

American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion.

Range Resources ups capital budget on positive Marcellus results

Jun 6, 2014

Range Resources Corp., Ft. Worth, reported it will increase its capital budget for 2014 by $220 million to $1.52 billion, citing positive results in the Marcellus shale as the reason.

Stay Connected