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 shale deal activity jumps in second quarter

Oct 17, 2014

Merger and acquisition activity in the US oil and gas industry jumped in the second quarter of 2014, and nearly half of total deal value was related to shale plays, according to the Energy Practice of PwC.

Southwestern refines Fayetteville shale completions

Oct 16, 2014

Southwestern Energy Co. completed 7 of its 10 best-performing wells in the Mississippian Fayetteville shale during the second quarter as it continued to refine drilling and completion techniques in the Arkansas formation.

Antero production surpasses 1 bcfed

Oct 16, 2014

Antero Resources has surpassed 1 bcfd of net gas-equivalent (bcfed) production from the Marcellus and Utica shales and secured the gas processing and pipeline capacity needed to meet aggressive production growth targets.

Survey examines Marcellus hiring trends

Oct 16, 2014

Marcellus shale companies expect to hire more than 2,000 new employees in 2014, according to a workforce survey released by the Marcellus Shale Coalition (MSC).

More-efficient rigs, better completions propel Marcellus production above 15 bcfd

Oct 16, 2014

Improvements in drilling and completion techniques, along with additions of regional pipeline and processing capacity, are expected to propel Marcellus shale production even higher in coming years.

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

Oct 16, 2014

Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Virginia from Chesapeake Energy Corp., Oklahoma City, for 5.375 billion.

Mountaineer Keystone adds Marcellus assets

Oct 15, 2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

EIA: US industrial gas demand to rise 4% in 2015

Oct 3, 2014

Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock for chemical production.

Chief operating officer named for American Energy units

Sep 29, 2014

American Energy Partners LP, Oklahoma City, has appointed John K. Reinhart as the chief operating officer of affiliates American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM).

Watching Government: Smaller study, big early findings

Sep 29, 2014

It may not have had the snap and sizzle of a study the National Academy of Sciences released the same day, but a report the US Department of Energy unveiled on Sept. 15 also put to rest concerns about natural gas from deep hydraulically fractured wells migrating upward into drinking water supplies.

Shell completes Marcellus, Utica acquisition

Sep 26, 2014

Royal Dutch Shell PLC has completed a previously reported deal in which it acquires 155,000 net acres in the Marcellus and Utica areas of Pennsylvania and receives a cash payment of $925 million from Ultra Petroleum Corp., Houston, in exchange for Shell’s 19,000 net acres of leasehold interest in the Pinedale of Wyoming, including associated gathering and processing contracts.

Study finds bad well construction, not fracing, fouled water wells

Sep 22, 2014

Fugitive methane found in water wells above the Marcellus and Barnett shales came from poor well construction, not hydraulic fracturing, a study the National Academy of Sciences released on Sept. 15 concluded.

Study finds bad well construction, not fracing, fouled water wells

Sep 16, 2014

Fugitive methane found in water wells above the Marcellus and Barnett shales came from poor well construction, not hydraulic fracturing, a study the National Academy of Sciences released on Sept. 15 concluded.

Uneven effects seen from new Appalachian pipelines

Sep 15, 2014

Producers in the Appalachian basin will benefit unevenly from markets opening for natural gas from the Marcellus and Utica shales, according to a Canaccord Genuity analyst.

Freeport LNG supply header, compression trains advance

Sep 11, 2014

Gulf South Pipeline Co. LP, a subsidiary of Boardwalk Pipeline Partners LP has reached 20-year firm precedent agreements with foundation shippers to transport about 1.4 bcfd of natural gas on its Coastal Bend Header for the first two trains of Freeport LNG Development LP’s planned liquefaction plant, near Freeport, Tex.

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