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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 .
One of the largest natural gas formations in North America, the Marcellus Shale spans parts of Pennsylvania, West Virginia, Ohio, and New York and has produced significant amounts of natural gas ...
In 2005, the company built horizontal test wells in Mount Pleasant Township, Washington County, Pennsylvania and began production in the Marcellus Shale and in 2007, the company spent $200 million to acquire additional land nearby. [6] In 2006, the company acquired Stroud Energy and its major position in the Barnett Shale for $450 million. [7]
The Marcellus shale, a vast hydrocarbon-bearing formation that spans several states in the Northeast, is widely regarded as the most economical shale gas play in the country. According to Bentek ...
The company owes it all to the Marcellus Shale. It's a similar story. Range Resources recently announced its third quarter production has jumped to 960 million cubic feet equivalent per day. That ...
Royalty statements include the production and revenue figures for both the individual owner and the entire well. The royalty paid is a function of the net value of the proceeds from the sale of the oil, gas, or other substance, multiplied by the owner's revenue interest decimal, less any amounts deducted for taxes or other deductions. [17]
Antero is a leading Marcellus Shale producer with over 312,000 net acres in the southwestern core of the play. In northern West Virginia, Antero has 14 drilling rigs currently in operation and has ...