DUG East Conference & Exhibition
The Marcellus – A Massive Reservoir of Natural Gas, with Significant Global Implications
Covering 95,000 square miles underground through West Virginia, Ohio, Pennsylvania and New York, the Marcellus Shale is a formation of black shale that is estimated to contain 500 trillion cubic feet of natural gas.
Experts predict that the Marcellus Shale Play could rank as the largest natural gas field in the world. Although production is still in the early phases of development, it is expected to dominate the gas marketing in the areas of New York, New Jersey and Pennsylvania – meeting majority of the region's demand.
During the first half of 2013, the Marcellus produced over 1.4 trillion cubic feet of gas in Pennsylvania alone. By the end of 2013, more than 1,000 wells were drilled and awaiting completion throughout the formation.
Range Resources holds approximately 650,000 net acres in the Marcellus Shale play, with Q4 2013 production at around 812 Mmcfe per day. They estimate that their land holds resource potential of some 53-69 Tcfe. From their pivotal role in discovering the Marcellus play, Pioneer has grown to be a powerhouse pioneer in developing fresh markets for Marcellus gas and liquids. Don't miss Jeffrey Ventura, President & CEO, discuss the phenomenal growth Pioneer has experienced and their strategy moving forward during the Marcellus Growth Story Opening Keynote Session at the Hart Energy 2014 DUG East conference and exhibition. The event will take place June 3-5, 2014 in Pittsburgh, Pennsylvania. Click here to view the complete conference agenda.