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

PwC: US M&A activity down in 2013 despite strong finish

Feb 10, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn't enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Baker Hughes: US drilling rig count dips to 1,771

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

MARCELLUS Briefs

Feb 1, 2014

Pennsylvania top state for gas output growth in 2012

Feb 1, 2014

Development of the Marcellus shale has made Pennsylvania the fastest-growing natural gas-producing state, the US Energy Information Administration reported.

Guernsey County lays groundwork for rising Utica shale drilling activity

Feb 1, 2014

When word first got out that the rural city of Cambridge, Ohio, sat atop a bounty of resources in the Utica shale, the president of the local chamber of commerce wasted no time laying the groundwork for the expected push for development.

Cabot fuels Marcellus operations with gas

Feb 1, 2014

Cabot Oil & Gas Corp. is reducing costs and lowering emissions at its Marcellus shale operations by using natural gas as fuel for its equipment.

PwC: US M&A activity down in 2013 despite strong finish

Jan 28, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn’t enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Feedstock menu expands at Nova’s Corunna plant

Jan 16, 2014

Nova Chemicals Corp., Calgary, has started processing its first ethane supplies sourced from Marcellus shale at its Corunna, Ont., refinery and petrochemical complex.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

Murkowski: Ban on US crude oil exports should end soon

Jan 8, 2014

Prohibition of US crude oil and condensate exports is an outmoded policy that should end soon as a first step in an overall energy export reassessment and reforms, US Sen. Lisa Murkowski (R-Alas.) declared.

US land, oil drilling dips to 1,757 units in latest rig count report

Dec 27, 2013

Rigs drilling on land and for oil took the biggest hit in the latest US drilling rig count report, released by Baker Hughes Inc.

Baker Hughes: US drilling rig count drops to 1,768

Dec 20, 2013

The US drilling rig count relinquished 14 units to settle at 1,768 rigs working in the week ended Dec. 20, Baker Hughes Inc. reported.

Utica, Marcellus prompt more Gulf Coast NGL capacity

Dec 20, 2013

Production in the Utica and Marcellus shales is prompting more NGL handling and fractionation capacity on the Texas Gulf Coast.

KMEP reports successful TGP open season

Dec 17, 2013

Kinder Morgan Energy Partners LP subsidiary Tennessee Gas Pipeline Co. LLC (TGP) has completed a successful open season for 500,000 dth/day of incremental, north-to-south natural gas transportation capacity on the TGP system.

MARCELLUS Briefs

Dec 13, 2013
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