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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 ]
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 ...
Even at a gas price of $3.50 per MMBtu, Marcellus "dry gas" wells generate an average internal rate of return, or IRR, of 12%, while "wet" gas wells in the play generate an IRR of around 30% ...
Natural gas industry observers will attest that growth in gas production from Pennsylvania's Marcellus shale has surpassed even the most optimistic of projections. And, according to a new report ...
Lifecycle CO 2 emissions from coal plants are 1.8-2.3 times greater (per KWh) than natural gas emissions. [82] The air quality advantages of natural gas over coal have been borne out in Pennsylvania, according to studies by the RAND Corporation and the Pennsylvania Department of Environmental Protection.
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 ...
The Marcellus is an example of shale gas, natural gas trapped in low-permeability shale, and requires the well completion method of hydraulic fracturing to allow the gas to flow to the well bore. The surge in drilling activity in the Marcellus Shale since 2008 has generated both economic benefits and environmental concerns—and thus ...
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