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The 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.
Gastar sells East Texas gathering system
Nov 18, 2009
Gastar Exploration Ltd. has sold its majority interest in the Hilltop Resort Gathering System to US Infrastructure LP for roughly $21.7 million. |
Marcellus projects rival Haynesville core
Nov 16, 2009
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PDC, Lime Rock form JV to develop Marcellus Shale
Nov 3, 2009
Petroleum Development Corp. and Lime Rock Partners have formed PDC Mountaineer LLC, a joint venture principally focused in the Marcellus shale region. |
Talisman increases Marcellus, Montney shale acreage
Nov 3, 2009
Canadian Talisman Energy Inc. has increased its landholdings in two unconventional natural gas plays, the Marcellus and the Montney, in North America. |
Shell wins conditional approval to explore Beaufort Sea
Nov 1, 2009
The Department of the Interior's Minerals Management Service (MMS) has approved, with conditions, Shell Offshore Inc.'s Exploration Plan to explore two leases in the Beaufort Sea.
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Newfield, Hess partner to explore Marcellus
Oct 14, 2009
Newfield Exploration Co. and Hess Corp. have signed a joint exploration agreement in the Marcellus Shale play. |
Range Resources adds Marcellus management; earns $1.5B borrowing base reaffirmation
Oct 8, 2009
Range Resources Corp. has recently added management to its Marcellus shale team in Pennsylvania and received a reaffirmation of its borrowing base from its bank group. |
Bank group reaffirms borrowing base of Rex Energy
Sep 21, 2009
As part of its regularly scheduled semi-annual borrowing base redetermination, the bank group of Rex Energy Corp. has reaffirmed the company's $80 million borrowing base under its revolving credit facility. |
Quest Resource gains new credit facility, receives notice from NASDAQ
Sep 18, 2009
Oklahoma City-based Quest Resource Corp. has entered into a Second Amended and Restated Credit Agreement with Royal Bank of Canada. |
Burleson Cooke opens Pittsburgh office to serve Marcellus area
Sep 10, 2009
Houston-based energy law firm Burleson Cooke has opened an office in the Pittsburgh area to serve companies with an interest in the Marcellus Shale formation. |
Chesapeake Energy is tops in Haynesville
Aug 1, 2009
Chesapeake Energy Corp. is the leading natural gas producer in the Haynesville Shale, followed closely by Houston-based Petrohawk Energy Corp.
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Marcellus shale: a modern-day gold rush
Aug 1, 2009
While natural gas producers in Pennsylvania strike gold, New York sits on the sidelines in a regulatory morass amid public fears and misperceptions over horizontal drilling and hydraulic fracturing.
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Oil and gas activity rebounds in 2Q
Aug 1, 2009
If global merger and acquisition deal counts are any indication, oil and gas activity is on the rebound.
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Hydraulic fracturing: the current state of play
Aug 1, 2009
Hydraulic fracturing is an increasingly important part of energy production in the US. While the technology has been used for 60 years to enhance production from oil and gas wells, today hydraulic fracturing is essential to making gas wells in many types of unconventional formations such as shales economically viable.
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Penn State study: Marcellus development could have $14.17B impact
Jul 28, 2009
Marcellus Shale development will pump $14.17 billion into Pennsylvania's economy in 2010 and create more than 98,000 jobs, according to a study by the Penn State University. |
