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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 ]
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 ...
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 ...
[7] [8] The company also acquired the natural gas business of Dominion Resources in 2010, which increased its drilling properties and made it one of the largest natural gas production companies in the Marcellus Shale formation. [9] In 2017, the company completed the corporate spin-off of Consol Energy and changed its name to CNX Resources ...
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]
In June 2006, the company sold a leasehold interest in 169,000 net acres with proved reserves of 617 billion cubic feet of natural gas equivalent to Devon Energy for $2.2 billion in cash. It also sold midstream assets to Crosstex Energy for $480 million in cash. [3] [4] Chief began drilling in the Marcellus Formation in 2007. [5]
This article is meant to be an overview to the topic of natural gas extraction in the Marcellus shale play. Unfortunately, the lead section of the article failed to be an effective introduction to the rest of the article. It discusses the important geologic context of the shale play, but does not outline the rest of the article.
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