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- Marcellus * Utica * Shale”
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New York, Ohio, Pennsylvania, Tennesse and West Virginia.
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Cabot and Apache use dual fuel technology to reduce diesel needs.
The most notable geological features of this region are the Lower Huron (Devonian) shale at a relatively shallow drill depth (3200 to 5000 feet) and Marcellus shale, with Utica shale lying at deeper levels underneath.
The properties were acquired from Chesapeake Energy Corp. (NYSE: CHK) and its partner for approximately $93 million, excluding purchase price adjustments.
Drilling efficiency, in tandem with a move to pad drilling, generates higher well counts with little change in rig input.
Aquatech Creates Leading Water Management Services Network For Appalachian Producers Through Acquisition
The Aquatech acquisition will immediately expand the network from three to five central water management facilities located in Franklin, Josephine, Creekside, Rouseville and Tioga, establishing an "end-to-end" network for producers in the Marcellus and Utica shale region.
The acreage includes 67,000 Marcellus acres and 32,000 dry Utica acres.
Apex is a Pittsburgh, Pennsylvania-based oil and gas company focused on developing unconventional assets in the Appalachian Basin.
Current net production from these properties is approximately 2 MMcf per day from 17 gross wells (1.2 net wells).
Howard Weil report expects Marcellus production growth to continue.
Despite a startling drop in the number of new gas wells operating in Pennsylvania, natural gas production blasted off in 2012, increasing more than 69% to 6.1 billion cubic feet per day.
This infographic takes a look at how the shale was formed, some of its key characteristics, and the techniques used to extract the gas.
New York, Ohio, Pennsylvania, Virginia and West Virginia