Appalachian Gas Plays
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Revision as of 21:12, 11 September 2008
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Contents |
Natural Gas Exploration & Operating Companies
Trenton-Black River (TBR)
It is a geological formation. It stretches from Canada to West Virginia.
Contracting note: One can obtain an interest in TBR that would be separate from Marcellus Shale and other sections.
Companies Actively Drilling
Marcellus Shale (MS)
During 2008 very active leasing activity took place by companies speculating on the eventual production of prolific amounts of natural gas. It is part of a larger development of shale oil and gas plays throughout North America sometimes referred to as the shale sweepstakes.
It is a layer of rock that has been known to contain gas for more than a century, but it was generally believed to be too uneconomical to extract. New, improved recovery technology, sharper higher natural gas prices in te first half of 2008, and strong drilling results in a similar shale foundation in north Texas have stirred the interest in it.
Pennsylvania has the thickest layer of shale.
In excess of twenty oil and gas companies hare planning to invest $700 million this year in developing the Marcellus Shale. Up to half of the totl will be in Pennsylvania.
MS has 50 trillion cubic feet (TCF) of recoverable natural gas. This is roughly twice what the US used in 2007.
