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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 ]
In 2005, the company built horizontal test wells in Mount Pleasant Township, Washington County, Pennsylvania and began production in the Marcellus Shale and in 2007, the company spent $200 million to acquire additional land nearby. [6] In 2006, the company acquired Stroud Energy and its major position in the Barnett Shale for $450 million. [7]
Marcellus shale (4452–13674) Haynesville Shale (7079) Iolotan gas field (7000) Yamburg gas field (5242) Bovanenkovskoe field (4400) Leningradskoye field (4000) Rusanovskoye field (4000) Zapolyarnoye gas field (3500) Shtokman field (3200) Point Tomson (3000) Manas (3000) Groningen (2850) Astrakhanskoye field (2711) Anadarko Basin (2650) Hassi ...
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 ...
There is a lot of hype surrounding the Utica shale right now. Geologists anticipate the play's energy profile to be similar to the booming Marcellus shale. Companies like Chesapeake Energy that ...
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 ...
CNX Resources Corporation is a natural gas company based in Pittsburgh with operations in the Appalachian Basin, primarily in the Marcellus Shale and Utica Shale in Pennsylvania, Ohio and West Virginia. It also develops coalbed methane properties in Virginia along with a methane capture and abatement program. The company also has extensive ...
Part of the Devonian Shale is the Marcellus Shale, which alone is estimated to hold between 168 trillion and 516 trillion cubic feet of natural gas. [21] Recent technological advances have made the recovery of these reserves possible, and the state has experienced a boom in drilling. [22]