The Marcellus Shale is the “best gas play” in the United States and at current price levels, “the only basin where dry gas should be drilled,” analysts with Tudor, Pickering, Holt & Co. (TPH) advised in a new report.
Articles from Utica
Election Day in Pennsylvania turned out to be a mixed bag over the issue of hydraulic fracturing (fracking) in the Marcellus and Utica shales, with voters soundly defeating referendums that would have banned the practice in Peters Township and the City of Warren, but overwhelmingly supporting a similar measure in the Borough of State College.
In an effort to ensure that air around Marcellus and Utica shale production sites is safe and to provide the shale industry “with the most efficient option to get operations up and running,” the Ohio Environmental Protection Agency (Ohio EPA) said it is creating a new general permit.
Thomas S. Liberatore has joined Eclipse Resources as a partner, executive vice president and COO, the State College, PA-based oil and gas company said. Liberatore, who resigned as vice president of Cabot Oil & Gas Corp.’s East region following a restructuring there two years ago (see Daily GPI, June 1, 2009), is a member of the American Association of Petroleum Geologists and the Appalachian Geological Society, has served on the board of directors of the West Virginia Oil and Natural Gas Association and is a past president of the Independent Oil & Gas Association of West Virginia. Additionally, Brian Panetta, who was previously a geologist with Waco Oil & Gas and a senior geologist for Chesapeake Energy Corp., has joined Eclipse as vice president of geology. Eclipse focuses on the acquisition, exploration and development of unconventional oil and natural gas properties in the Appalachian Basin, including the Marcellus Shale, Utica Shale and Upper Devonian shales.
Encana Oil & Gas (USA) Inc. and a drilling partner are packing up and moving operations out of two Pennsylvania counties after determining that the first natural gas wells drilled in Luzerne County, PA, “were unlikely to produce natural gas in commercial quantities.”