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

West Virginia Governor forms Marcellus to Manufacturing Task Force

Feb 17, 2011

On Feb. 16, West Virginia Governor Earl Ray Tomblin, along with leaders in the natural gas and chemical industries, has formed a Marcellus to Manufacturing Task Force designed to research and develop potential economic development opportunities related to Marcellus Shale.

P2 Energy adds Marcellus well data, Eagle Ford surface ownership data

Feb 15, 2011

More than 146,000 Pennsylvania wells, including those in the Marcellus Formation, have been added to P2 Energy Solutions’ Tobin All Access Online SuperBase as part of an on-going shale data resource.

Kroff Well Services joins Marcellus Shale Coalition

Jan 31, 2011

Pittsburgh-based Kroff Inc. says its Kroff Well Services business unit, which offers remediation of flowback waters and production brine for frac water reuse, has joined the Marcellus Shale Coalition (MSC) to offer creative solutions and expertise in the areas of responsible water treatment and waste management.

API, PIOGA expand Marcellus education campaign

Jan 21, 2011

The American Petroleum Institute and the Pennsylvania Independent Oil and Gas Association have formed a partnership that will serve as a forum for factual information about the vast energy resources found in Pennsylvania.

Kayne Anderson sells Marcellus focused Energy Contractors to Nabors Well Services

Jan 19, 2011

On January 18, Kayne Anderson Energy Funds announced the asset sale of Energy Contractors LLC, a provider of oilfield services in the Marcellus Shale market, to Nabors Well Services Co.

Purestream partners with SM Energy to treat Marcellus ops flowback water

Jan 12, 2011

Following its first Marcellus Shale launch in August of 2010, Purestream Technology has contracted with SM Energy to deploy its second Marcellus Shale installation, in Mckean County, Pennsylvania.

EOG sells Marcellus Shale properties to Seneca for $23 million

Jan 10, 2011

Seneca Resources Corporation, a wholly owned subsidiary of National Fuel Gas Company, said Jan. 10 it would acquire oil and gas properties in the Covington Township area of Tioga County, Pa., from EOG Resources Inc. for $23 million.

EOG Resources, Newfield terminate Marcellus shale sale agreement

Dec 22, 2010

EOG Resources Inc. and Newfield Exploration Co. have mutually agreed to terminate the agreement announced November 15, 2010, regarding EOG's sale of certain Marcellus Shale acreage.

EXCO Resources acquires Marcellus Shale properties from Chief

Dec 22, 2010

Dallas-based EXCO Resources Inc. said Dec. 22 it will buy properties prospective for the Marcellus Shale from Chief Oil & Gas LLC and related parties for about $459.4 million, after preliminary purchase price adjustments at the closing.

Gastar completes acquisition of Marcellus Shale leasehold

Dec 20, 2010

Houston-based Gastar Exploration Ltd. said Dec. 20 it has completed the previously announced Marcellus property acquisition for $29.1 million. The acquisition consists of about 62,000 net acres of leasehold in the Marcellus Shale.

Magnum Hunter to build gas plant in West Virginia

Dec 20, 2010

Houston-based Magnum Hunter Resources said Dec. 17 that it will construct a 200-MMcf per day capacity cryogenic natural gas processing plant in West Virginia.

GlobaLogix opens ops center to support Barnett producers

Dec 15, 2010

GlobaLogix, a Houston-based oilfield control and automation company, has opened a new operations center in Aledo, Texas to support oil and gas producers operating within the Barnett shale play.

Spectra announces open season for AIM project

Dec 14, 2010

Spectra Energy Corp.’s Algonquin Gas Transmission LLC announced a non-binding open season for the Algonquin Incremental Market (AIM) project, a proposed expansion of the company’s existing Algonquin pipeline system to deliver additional Appalachian and Marcellus Shale natural gas supplies to premium markets in the US Northeast and New England

STW Resources to deploy fleet to reclaim water from Marcellus shale production

Dec 13, 2010

STW Resources Holding Corp. has signed an agreement with Aquatech International to purchase and/or lease a fleet of mobile units for the treatment and reclamation of hydraulic fracture flow-back and produced waters from Marcellus shale production.

El Paso forms midstream JV with KKR

Dec 8, 2010

El Paso Midstream Group Inc., a subsidiary of El Paso Corp., and Kohlberg Kravis Roberts & Co. (KKR) said Dec. 7 they have executed agreements to create a new midstream joint venture.