Search results
Results from the WOW.Com Content Network
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]
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 ...
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]
Reliance Industries paid a reported US$1.7 bn for a 40% share in Atlas Energy's leasehold in the Marcellus shale gas play in the eastern US. [35] A complication to shale gas in India is that the government-issued leases for conventional petroleum exploration do not include unconventional sources such as shale gas. [36]
[56] [57] [58] Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. [59] In September 2013, Total S.A. and its joint-venture partner agreed to buy Chevron's retail distribution business in Pakistan for an undisclosed amount. [60]
In 2007, CNX Gas also began investing heavily in natural gas exploration in the Marcellus Shale in Pennsylvania. In 2010, Consol acquired Dominion Resources Inc. 's natural gas production and exploration assets for 3.74 billion dollars, which included nearly 500,000 acres of Marcellus potential, tripling Consol's position in the Marcellus to ...