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

Midstream drives M&A

Jul 30, 2012

Upstream shale transactions have driven US oil and gas merger and acquisition activity for the last 2 years, but PwC US reports investors shifted their attention toward the midstream this year.

Seneca-EOG Marcellus joint venture to cut activity

Jul 26, 2012

EOG Resources Inc., which has earned a 50% working interest in 34,000 gross acres contributed by Seneca Resources Corp. to a Marcellus shale joint venture, has notified Seneca that it does not expect to meet the minimum drilling target for calendar 2012 specified in the JV, Seneca said.

OOGA: Severance tax hike could hinder Ohio shale investments

Jul 23, 2012

Ohio's oil and gas producers believe Gov. John Kasich's proposal to increase the severance tax could discourage future investments in the state's emerging Utica and Marcellus shale plays, said members of the Ohio Oil & Gas Association.

OOGA: Severance tax hike would hinder Ohio shale investments

Jul 16, 2012

Ohio’s oil and gas producers believe Gov. John Kasich’s proposal to increase the severance tax could discourage future investments in the state’s emerging Utica and Marcellus shale plays, said members of the Ohio Oil & Gas Association.

Fitch: Marcellus shale giving boost to US midstream firms

Jul 16, 2012

Anticipated growth in Marcellus shale natural gas production likely will mean more long-term business for US midstream companies, Fitch Ratings said in a recent report in which analysts forecast Marcellus production during the next 5 years will grow to more than 10 bcfd from the current 4 bcfd.

Fitch: Marcellus shale giving boost to US midstream firms

Jul 10, 2012

Anticipated growth in Marcellus shale natural gas production likely will mean more long-term business for US midstream companies, Fitch Ratings said in a recent report in which analysts forecast Marcellus production during the next 5 years will grow to more than 10 bcfd from the current 4 bcfd.

Watching Government: Sieminski lists EIA's challenges

Jul 9, 2012

Adam Sieminski, as usual, didn't mince words. Days after becoming the US Energy Information Administration's new administrator, he said that these dynamic times have created new challenges for the federal energy data compiling and forecasting agency to address.

EQT converts rig to run on LNG from Marcellus gas

Jul 6, 2012

EQT Corp., Pittsburgh, has launched a pilot program in which it has converted a diesel rotary rig to run on natural gas liquefied from local Marcellus gas production.

Williams lets contract for West Virginia gas plant

Jul 2, 2012

Williams Partners, Tulsa, has let a contract to Exterran Holdings, Houston, for the design, fabrication, and installation of two gas processing plants in West Virginia.

National Fuel starts Lycoming gas gathering system

Jun 14, 2012

National Fuel Gas Midstream Corp., Williamsville, NY, placed in service the Trout Run gathering system in Lycoming County, Pa., with initial production from four wells operated by NFG unit Seneca Resources Corp.

New York may ease ban on high-volume fracturing

Jun 14, 2012

New York may soon relax a ban on high-volume hydraulic fracturing in certain areas of the state, a press report.

Penn Virginia to expand Marcellus gas gathering system

May 23, 2012

Penn Virginia Resource Partners will begin building natural gas pipeline extensions in the Marcellus shale in Pennsylvania, providing an outlet for producers to link to El Paso Corp.'s Tennessee Gas Pipeline and Williams Cos.’ Transcontinental pipeline for shipment to markets in the US Northeast.

Ultra further cuts spending, boosts production

May 3, 2012

The board of Ultra Petroleum Corp., Houston, has approved a further $100 million reduction in the previously approved $925 million capital budget for 2012 in light of continued deterioration in natural gas prices, but the company still expects its production to increase on the year.

PVR buys Chief Gathering, Marcellus trunkline project

Apr 16, 2012

Penn Virginia Resource Partners LP has signed a definitive agreement to acquire Chief Gathering LLC for $1 billion.

PVR buys Chief Gathering, Marcellus gas trunkline project

Apr 10, 2012

Penn Virginia Resource Partners LP has signed a definitive agreement to acquire Chief Gathering LLC for $1 billion.

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