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In December 2011, America's Natural Gas Association (ANGA) estimated that lower gas prices will add an additional $926 of disposable household income annually between 2012 and 2015, and that the amount could increase to $2,000 by 2035. [77] Over $276 billion is going to be invested in the US Petrochemical industry and most of it in Texas. [78]
58% of shale execs said they would increase spending, and 34% said they would increase investment. Firms are feeling optimistic that Trump will boost the industry, even as oil prices have sagged.
Shale gas well in Pennsylvania. Photo credit: Flickr/Nicholas A. Tonelli Shale gas flowing out of the Utica and Marcellus shale plays currently accounts for 18% of current total U.S. output. Over ...
Shale Gas Development is an American Success Story, says XTO President Industry supports over one million U.S. jobs and generates billions in government revenues PHILADELPHIA--(BUSINESS WIRE ...
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 2013, the company sold 55,000 net acres in the Northern Eagle Ford Shale and 9,600 net acres in the Haynesville Shale to EXCO for aggregate proceeds of $1 billion. [22] In December 2014, the company sold a large portion of its oil and gas assets in the Marcellus Formation and Utica Shale to Southwestern Energy for net proceeds of $4.975 ...
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Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin (92% were in the Marcellus Shale and 8% were in the Utica Shale) and are extracted using hydraulic fracturing. [1]