RECENT NEWS
OilVoice  Apr 16  Comment 
Gastar Exploration Inc. NYSE MKT GST reported that production from its Marshall County West Virginia operations has resumed with no restrictions following the successful rerouting of natural gas
SeekingAlpha  Apr 11  Comment 
By Balanced Investing: Range Resources Corporation (RRC) is a Texas-based independent natural gas, natural gas liquids and oil company. The company is primarily engaged in the exploration and development of mainly gas. The company operates in the...
OilVoice  Apr 11  Comment 
Gastar Exploration Inc. NYSE MKT GST reported that production from its Marshall County West Virginia operations resumed Wednesday night at reduced rates following a 412 day shutin that resulted
Benzinga  Apr 10  Comment 
Gastar Exploration Inc. (NYSE: GST) ("Gastar") reported today that production from its Marshall County, West Virginia operations resumed Wednesday night at reduced rates following a 4-1/2 day shut-in that resulted from the rupture Saturday morning...
OilVoice  Apr 8  Comment 
CONSOL Energy Inc. NYSE CNX is providing a production update for the quarter ended March 31 2014. quotDespite operating during the coldest winter in the past thirty years CONSOL Energy39s g
OilVoice  Apr 8  Comment 
Gastar Exploration Inc. NYSE MKT GST announced today that its production in Marshall County West Virginia has been shutin since early Saturday morning due to the rupture of a pipeline operated by
StreetInsider.com  Apr 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Gastar+%28GST%29+Announces+Marcellus+Shale+Production+Temporarily+Interrupted+/9359188.html for the full story.
Forbes  Apr 4  Comment 
The Marcellus is Chesapeake?s single largest hydrocarbon play, contributing around 147,000 barrels of oil equivalent per day (mboe/d) of the company's total production (oil and gas) during Q4 2013.
TheStreet.com  Apr 1  Comment 
NEW YORK (TheStreet) -- Gastar Exploration  rose on Tuesday after the company announced it would hold an analyst meeting on April 2 to discuss, among other things, its expanded Marcellus Shale drilling inventory. According to Gastar's press...
SeekingAlpha  Mar 31  Comment 
By Moshe Ben-Reuven: 1. Background: The Marcellus has become the wonder child of US energy, a natural gas holy grail. We hear of "100 years-plus of reserves", and witness a wild drive for Marcellus drilling leases and permits, which seems to have...




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The Marcellus Shale is a type of geological formation containing extractable Natural gas. This shale is unique in that the only geographical region where it exists runs from West Virginia through Western Pennsylvania up to upstate New York. Marcellus Shale has always been known to have obtainable natural gas, but, years ago, oil companies thought it unproductive to drill. However, high oil prices, newer drilling technology, and encouraging results from similar shale formations in Texas and elsewhere have changed this opinion.[1]

[2]

Now, companies in the natural gas industry are betting big money that this shale can be tapped for huge profits.[3] Estimates by Terry Englander, a geoscience professor at Pennsylvania State University, and Gary Lash, a geology professor at the State University of New York at Fredonia indicate that the West Virginia to New York Marcellus Shale formation has around 500 trillion cubic feet of natural gas.[4] Of that volume, they think that around 10% of the gas is recoverable, providing 50 trillion cubic feet of gas, which would be enough to supply US demands for two full years and have a wellhead value of about one trillion dollars.[5] For this reason, Oil Companies, such as Chesapeake Energy (CHK) and Cabot Oil & Gas (COG) are leasing large amounts of land for prospective drilling.[6]


References

  1. New York Times: There's Gas In Those Hills
  2. New York Times: There's Gas In Those Hills
  3. New York Times: There's Gas In Those Hills
  4. Geology.com: Marcellus Shale
  5. http://geology.com/articles/marcellus-shale.shtml Geology.com: Marcellus Shale]
  6. New York Times: There's Gas In Those Hills
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