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The Marcellus natural gas trend is a large geographic area of prolific shale gas extraction from the Marcellus Shale or Marcellus Formation, of Devonian age, in the eastern United States. [2] The shale play encompasses 104,000 square miles and stretches across Pennsylvania and West Virginia, and into eastern Ohio and western New York. [ 3 ]
The Marcellus is an example of shale gas, natural gas trapped in low-permeability shale, and requires the well completion method of hydraulic fracturing to allow the gas to flow to the well bore. The surge in drilling activity in the Marcellus Shale since 2008 has generated both economic benefits and environmental concerns—and thus ...
It operates in the Marcellus Formation, where it is the largest land owners. As of December 31, 2021 the company had 17.775 trillion cubic feet of natural gas equivalent of estimated proved reserves, which 67% was natural gas, 31% was natural gas liquids, and 2% was petroleum. [1]
America is home to the natural gas revolution, with the Marcellus shale holding over 100 trillion cubic feet of recoverable natural gas. While reserve estimates have fluctuated immensely, it's ...
Even at a gas price of $3.50 per MMBtu, Marcellus "dry gas" wells generate an average internal rate of return, or IRR, of 12%, while "wet" gas wells in the play generate an IRR of around 30% ...
The natural gas boom in the United States has been well-publicized over the past few years, and for good reason. There are enormous amounts of domestic natural gas for the taking, thanks to rapid ...
US shale gas basins, 2011. Shale gas in the United States is an available source of unconventional natural gas.Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas.
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