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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 shale, a vast hydrocarbon-bearing formation that spans several states in the Northeast, is widely regarded as the most economical shale gas play in the country. According to Bentek ...
EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport.It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.. EQT is the largest natural gas producer in the Appalachian Basin [2] with 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in ...
XTO" was chosen as it was the company's stock ticker symbol. [14] ... The acquisition added about 317,000 acres in Marcellus Shale to ExxonMobil's portfolio. [4]
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 company owes it all to the Marcellus Shale. It's a similar story. Range Resources recently announced its third quarter production has jumped to 960 million cubic feet equivalent per day. That ...
In 2007, CNX Gas also began investing heavily in natural gas exploration in the Marcellus Shale in Pennsylvania. In 2010, Consol acquired Dominion Resources Inc. 's natural gas production and exploration assets for 3.74 billion dollars, which included nearly 500,000 acres of Marcellus potential, tripling Consol's position in the Marcellus to ...
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