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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 Formation or the Marcellus Shale is a Middle Devonian age unit of sedimentary rock found in eastern North America. Named for a distinctive outcrop near the village of Marcellus , New York , in the United States , [ 3 ] it extends throughout much of the Appalachian Basin .
Chief began drilling in the Marcellus Formation in 2007. [5] In August 2008, the company sold assets to Quicksilver Resources. [6] In September 2009, the company entered into a joint venture with Enerplus for development in the Marcellus. By that time, the company had drilled 31 wells in the formation. [5]
Derrick and platform of drilling gas wells in Marcellus Shale – Pennsylvania. Shale gas was first extracted as a resource in Fredonia, New York, in 1821, [16] [17] in shallow, low-pressure fractures. Horizontal drilling began in the 1930s, and in 1947 a well was first fracked in the U.S. [3]
In 2010, Forbes called the company "King of the Marcellus Shale".The company had spent less than $1,000 per acre on average to acquire land suitable for drilling, compared to larger traditional oil and gas players who joined the exploration rush late in the game who had paid as much as $14,000 an acre. [6]
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 ...
The Marcellus Shale Law (House Bill 1950) [301] was signed on February 14, 2012, by Governor Tom Corbett. [302] Despite warnings from the EPA about the safety of wastewater, [303] the law changed the zoning laws applicable to Marcellus Shale Well Drilling.
The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin. [1] As of December 31, 2021, the company had 2,892 million barrels of oil equivalent (1.769 × 10 10 GJ) of estimated proved reserves, of which 85% was natural gas, 7% was petroleum, and 8% was natural gas liquids. [1]