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In addition, one leg of the AEGS pipeline would connect Empress, which would soon become the largest gas processing centre in the world. The fourth component was the Cochin Pipeline, which would ship ethylene from Alberta to Sarnia, and would also export ethane and propane to the US. The world’s longest NGL pipeline went on stream in 1978.
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 ]
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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.
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In 2011, the company sold a leasehold interest in 228,000 net acres to Chevron Corporation. [8] [9] In December 2013, the company bought property in the Marcellus from Expand Energy for $500 million. [10] In March 2022, Expand Energy acquired the company for $2.2 billion. [11] [12]