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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 ...
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 ...
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The associations representing the natural gas industry, such as America's Natural Gas Alliance, were invited to be on the program but declined. [19] In June 2011, when Urbina's article appeared in The New York Times, the latest figures for U.S. proved reserves of shale gas were 97.4 trillion cubic feet, as of the end of 2010. [20]
Gastar Exploration (ASE: GST) is one of the latest energy companies looking to cash in on the Marcellus Shale natural gas play. The company got its first two horizontal wells up and running at the ...
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