RECENT NEWS
newratings.com  Aug 26  Comment 
WASHINGTON (dpa-AFX) - CONSOL Energy Inc (CNX) said Monday that CONSOL Energy and its Marcellus Shale joint venture partner, Noble Energy Inc, caused a Registration Statement to be filed with the U.S. Securities and Exchange Commission for the...
StreetInsider.com  Aug 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Warren+Resources+%28WRES%29+Announces+Closing+of+%24352.5M+Marcellus+Shale+Deal/9742996.html for the full story.
Motley Fool  Aug 3  Comment 
If you don't live in a region being transformed by natural gas, then it could be easy to overlook the growing market traction for natural gas vehicles.
SeekingAlpha  Jul 11  Comment 
By Alex Pitti: Cabot Oil & Gas (COG) drills mainly for natural gas in the most prolific part of the Marcellus shale in Appalachia. It drills mainly for oil in the Eagle Ford shale in Texas. I will be providing some background on the company to...
Motley Fool  Jul 7  Comment 
Chesapeake Energy is selling $336 million in Marcellus Shale assets to Rice Energy while Warren Resources is picking up $352.5 million in assets in the Marcellus Shale.
OilVoice  Jul 2  Comment 
Ergon Inc. announced plans to enhance its subsidiaries39 facilities in the Appalachian Basin. The Appalachian Basin comprises the prolific Marcellus Shale and Utica Shale Plays. Several Ergon sub
MarketWatch  Jun 12  Comment 
Energy companies plan Master Limited Partnership focused on midstream assets.
newratings.com  Jun 12  Comment 
WASHINGTON (dpa-AFX) - CONSOL Energy Inc. (CNX) announced today that CONSOL Energy and its Marcellus Shale joint venture partner, Noble Energy Inc. (NBL), intend to form a master limited partnership or MLP to provide midstream gathering services...
OilVoice  May 23  Comment 
Trans Energy Inc. OTCQB TENG a pure play Marcellus Shale exploration and production company today announced that its subsidiary American Shale Development Inc. quotASDquot closed on a n
SeekingAlpha  May 7  Comment 
By Moshe Ben-Reuven: Following in the footsteps of an earlier article ("Marcellus Shale: Through A Glass, Darkly") which provided a view from an altitude of 33 thousand feet, this is a ground-level look at eight prominent operators in the...




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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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