RECENT NEWS
Forbes  Sep 26  Comment 
The Marcellus is one of the company's most lucrative natural gas plays. For instance, the company is targeting a rate of return of over 110% on its wells, assuming that gas prices are around $4 per mcf, with an initial investment of around $7...
MarketWatch  Sep 25  Comment 
Shares of Cone Midstream Partners LP soared more than 30% in early trade Thursday after the initial public offering of shares was priced late Wednesday at $22. Cone, a master limited partnership that aims to own, operate, develop and acquire...
SeekingAlpha  Sep 20  Comment 
By Roger S. Conrad: Gregory Ebely, CEO of Spectra Energy Corp. (NYSE:SE) and Spectra Energy Partners LP (NYSE: SEP), made the most telling statement about competitive dynamics in the midstream space at the recent Barclays CEO Energy-Power...
SeekingAlpha  Sep 19  Comment 
By Alpha Strategist: Cabot Oil & Gas Corporation (NYSE:COG) was recently upgraded by Stifel research firm from hold to buy. The firm recommends the fair value of the company to be around $39 per share reflecting an upside potential of...
Motley Fool  Aug 31  Comment 
According to energy analysts at Wood Mackenzie, there’s $86 billion in profits still to be pulled out of the Marcellus shale by top drillers like Range Resources, EQT, Cabot Oil & Gas, and Antero Resources.
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.




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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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