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

ANGA president calls for sharper focus on gas transportation issues

Nov 17, 2014

America’s Natural Gas Alliance Pres. Martin J. Durbin called for a stronger focus on transportation as he outlined issues that the US gas industry faces following the 2014 midterm elections and heading into 2015.

Bear Head LNG applies for NEB export license

Nov 7, 2014

Bear Head LNG Corp., a wholly owned subsidiary of Liquefied Natural Gas Ltd. (LNGL), filed an application with Canada’s National Energy Board (NEB) to export as much as 12 million tonnes/year (tpy) of LNG. The application also seeks a license to import as much as 503 bcf/year of natural gas from the US.

Sunoco Logistics to move ahead with Mariner East 2 NGL pipeline

Nov 7, 2014

Sunoco Logistics Partners LP, Philadelphia, reported receiving sufficient binding commitments from shippers to move ahead with its Sunoco Pipeline LP subsidiary’s $2.5-billion investment in the Mariner East 2 natural gas liquids pipeline project.

Shell inks deal for US Appalachian petrochemical project location

Nov 7, 2014

Shell Chemical LP, a subsidiary of Royal Dutch Shell PLC, is moving forward with plans to purchase land near Monaca, Pa., for a proposed petrochemical complex that would process ethane from natural gas produced from the Marcellus shale.

GCA: Falling oil price to have uneven effect on US unconventional plays

Nov 4, 2014

Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates (GCA) said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

ETP’s Rover gas line reaches full 3.25 bcfd subscribed capacity

Oct 31, 2014

Energy Transfer Partners LP has fully subscribed its Rover pipeline to transport 3.25 bcfd of natural gas through 15- and 20-year fee-based contracts.

BHI: US rig count makes gains in Kansas, modest rise overall

Oct 31, 2014

The US drilling rig count edged up 2 units to reach 1,929 rigs working during the week ended Oct. 31, Baker Hughes Inc. reported.

PwC: US oil, gas transaction value hits 10-year high in 3Q

Oct 29, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

Williams Partners, Access Midstream Partners to merge

Oct 27, 2014

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

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.

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