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

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.

BHI: US rig count falls 6 units to 857

Jul 17, 2015

The US drilling rig count fell 6 units to reach 857 during the week ended July 17, essentially cancelling out the last 3 weeks’ worth of gains, according to data from Baker Hughes Inc.

WPX Energy to buy privately held RKI E&P in $2.35 billion deal

Jul 15, 2015

WPX Energy Inc. agreed to buy privately held RKI Exploration & Production LLC of Oklahoma City for $2.35 billion in a move intended to help WPX produce more oil as the Tulsa independent shifts its focus from natural gas to oil.

MPLX, MarkWest to merge in $15.8 billion deal

Jul 13, 2015

MPLX LP, a Findlay, Ohio-based master limited partnership (MLP) formed by Marathon Petroleum Corp. in 2012, and Denver-based MarkWest Energy Partners LP have agreed to a unit-for-unit merger deal in which MarkWest will become a wholly owned subsidiary of MPLX. The deal, valued at $15.8 billion in stock and cash excluding debt, is expected to close in the fourth quarter.

American Energy to spin off, rename another unit

Jun 25, 2015

American Energy–Midstream LLC, a unit of Oklahoma City-based American Energy Partners LP (AEP), is transitioning to a standalone company and will change its name to Traverse Midstream Partners LLC. The moves will be effective July 1.

State approves Shell’s plan for US Appalachian ethylene plant

Jun 23, 2015

Pennsylvania’s Department of Environmental Protection (DEP) has approved a permit allowing Royal Dutch Shell PLC subsidiary Shell Chemical LP to proceed with its plan to build a petrochemical complex in Beaver County, Pa., that will produce ethylene and polyethylene (PE) from Marcellus shale ethane.

Study: Pennsylvania gas severance tax would reduce Marcellus horizontal drilling

Jun 12, 2015

A proposed natural gas severance tax in Pennsylvania would have negative economic consecutives, reducing the number of horizontal gas wells drilled and increasing job losses, said a Natural Resource Economics Inc., study released by the Associated Petroleum Industries of Pennsylvania (API-PA).

Utica Briefs

Jun 11, 2015

ETP provides details on Revolution pipeline, processing project

Jun 8, 2015

Energy Transfer Partners LP (ETP), Dallas, has released details on its Revolution project for the Marcellus and Upper Devonian areas of western Pennsylvania.

BHI: US rig count continues steady but shrinking decline

Jun 5, 2015

The US drilling rig count dropped 7 units during the week ended June 5 to settle at 868 rigs working, according to data from Baker Hughes Inc.

US unconventional oil responds to low-price environment

Jun 1, 2015

Deferred and cancelled investments in US shale oil fields could in 2-3 years begin creating an environment in which new supplies are less plentiful, causing baseline oil prices to move closer to $100/bbl.

Study finds Marcellus NORM exposure risks low

May 29, 2015

While some produced waters from the Marcellus shale contain elevated radium, a Pennsylvania Department of Environmental Protection (PA DEP) study showed that the risk of exposure is low.

Gov. Wolf forms Pennsylvania gas pipeline system taskforce

May 29, 2015

Pennsylvania Gov. Tom Wolf (D) formed a Pipeline Infrastructure Task Force to help state agencies, natural gas producers, and communities closely work together as thousands of miles of pipelines are proposed to move gas and related products from wellheads to markets.

BHI: US rig count declines 10 units, falls below nadir of 2008-09 downturn

May 29, 2015

The US drilling rig count dropped 10 units during the week ended May 29 to settle at 875 rigs working, falling below the nadir of the 2008-09 downturn by a single unit, according to data from Baker Hughes Inc.

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