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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 ]
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 ...
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 ...
Source: Chesapeake Energy Natural gas production out of the Marcellus continues to outshine even the sunniest predictions. Already this year production from the play is up about 50% over last year.
MarkWest Energy Partners Announces Sale of Marcellus Shale Gathering Assets in West Virginia to Summit Midstream Partners DENVER--(BUSINESS WIRE)-- MarkWest Energy Partners, L.P. (NYS: MWE ...
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 ...
Pennsylvania Business Central is a monthly business journal covering 23 counties in central Pennsylvania, both in print and on the Web. It is also published alternately with The Marcellus Business Central, which is dedicated to the Marcellus Shale gas play in Pennsylvania, eastern Ohio and northern West Virginia. The newspaper focuses on one or ...
In December 2010, Chief sold 15 producing wells and 50,000 net acres in Pennsylvania to Exco Resources for $459 million. [7] In 2011, the company sold a leasehold interest in 228,000 net acres to Chevron Corporation. [8] [9] In December 2013, the company bought property in the Marcellus from Expand Energy for $500 million. [10]