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

PTT Global Chemical lets contract for Ohio ethylene complex

Sep 4, 2015

PTT Global Chemical (PTTGC), Thailand’s integrated petrochemical and refining company, has let a contract to a team led by Fluor Corp. for front-end services related to construction of the company’s proposed petrochemical complex in Belmont County, Ohio.

Warren Resources tests Upper Marcellus wells

Aug 18, 2015

Warren Resources Inc., New York, reported that two of its Upper Marcellus wells have been flowing back for 2 weeks, currently producing a combined 17 MMcfd with 3% of flowback load recovered.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 17, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

PwC: Midstream boosts 2Q M&A activity in oil, gas industry

Aug 17, 2015

The US oil and gas industry experienced an uptick in second-quarter mergers and acquisitions compared with the first quarter, facilitated by heightened interest in midstream deals, according to a quarterly report of announced US transactions with value greater than $50 million.

Addressing shale risks

Aug 17, 2015

Risks associated with shale development and production garner much negative publicity, and industry response has been uneven depending upon operator size, although continuous improvement efforts are under way, said a report from Harvard Business School and the Boston Consulting Group.

BHI: US oil rig count continues rise, but overall count unchanged

Aug 14, 2015

The overall US drilling rig count sat unchanged during the week ended Aug. 14, remaining at 884 rigs working, according to data from Baker Hughes Inc. Oil-directed rigs, however, continued their warm streak—albeit modestly—with a 2-unit gain.

Pennsylvania’s DEP issues draft final revisions to well site rules

Aug 13, 2015

Pennsylvania’s Department of Environmental Protection (PDEP) released draft final revisions to its oil and gas well protection standards. The state agency decided not to include provisions for noise mitigation and centralized storage tanks for wastewater in the final regulations following the latest round of public comments, it said.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 12, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

EIA: US shale oil output to drop 93,000 b/d in September

Aug 10, 2015

Crude oil production in September from seven major US shale plays is expected to decline 93,000 b/d to 5.27 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). EIA previously projected 91,000-b/d declines for both July and August.

BHI: Boosted by another gain in oil rigs, total US rig count rises 10 units

Aug 7, 2015

The overall US drilling rig count gained 10 units during the week ended Aug. 7 to reach a total of 884 rigs working, according to data from Baker Hughes Inc. A total of 27 units has now gradually come online since the week ended June 19.

Yankowsky named executive VP, COO of Magnum Hunter

Aug 7, 2015

Magnum Hunter Resources Corp. has appointed Keith Yankowsky as executive vice-president and chief operating officer, effective Sept. 1. He will report directly to Gary C. Evans, chairman and chief executive officer.

Second-quarter net losses abound for US E&P firms

Aug 7, 2015

Reports of second-quarter losses continued this week for US exploration and production firms, following suit as both ConocoPhillips and Hess Corp. published net losses a week ago.

PwC: Midstream boosts 2Q M&A activity in US oil, gas industry

Aug 5, 2015

The US oil and gas industry experienced an uptick in second-quarter mergers and acquisitions compared with the first quarter, facilitated by heightened interest in midstream deals, according to a quarterly report of announced US transactions with value greater than $50 million.

BHI: Overall US rig count drops slightly, but oil rigs continue rise

Jul 31, 2015

A week after jumping by its highest margin since April 2014, the overall US drilling rig count lost 2 units during the week ended July 31 to settle at 874, according to data from Baker Hughes Inc.

EQT reports high IP from Utica dry gas well

Jul 24, 2015

EQT Corp., Pittsburgh, said a deep, dry gas Utica well averaged 72.9 MMcfd with an average flowing casing pressure of 8,641 psi during a 24-hr deliverability test. The well was completed using a 18-stage fracturing job and a 3,221-ft lateral.

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