canada goose clearance Pennsylvania may sit on bigger shale gas bonanza canada goose clearance
Canada Goose Outlet needs for a decade or more may have additional reserves trapped in geological strata above and below the Marcellus, some energy companies believe. petroleum imports, and Canada Goose Outlet generate thousands of jobs. Canada Goose Outlet
canada goose store If confirmed, the new fields would also be economically attractive because they could be exploited by canadian goose jacket gas rigs that are already drilling into the mile deep Marcellus, a rock belt that runs from Virginia to New York and extends under Lake Erie to Canada. canada goose store
canadian goose jacket One of the fields, Canada Goose online the Utica Shale, has already generated interest in the Canadian province of Quebec where a number of horizontal test wells have been drilled, and that optimism https://www.radondenvercolorado.com is spreading to Pennsylvania, birthplace of the world canada canada goose online goose black friday sale oil industry in the canada goose factory sale mid 19th century. canadian goose jacket
Range Resources Corp., a Texas based gas driller that is active in the southwestern Pennsylvania portion of the Marcellus, said it has successfully tested two wells, in canada goose uk outlet the Upper Devonian Shale above the Marcellus, and the canada goose uk black friday Utica, below it. It plans to release more details in the coming months.
buy canada goose jacket cheap results are very promising, Range spokesman Matt Pitzarella wrote in an email. though it still very early, the prospects buy canada goose jacket are very good, indicating that either of these formations could be stand alone gas fields. buy canada goose jacket cheap
The wells used the same horizontal drilling technology coupled with hydraulic fracturing that together have enabled a boom in development of the Marcellus, a field underlying two thirds of Pennsylvania where canada goose coats on sale the industry expects to drill some 5,000 wells this year.
Gas from the vast Marcellus Shale is particularly profitable for canada goose uk shop producers because it is high quality and close to the populous northeastern United States market. needs for about canada goose 20 years at Canada Goose Coats On Sale the current national consumption rate of some 23 trillion cubic feet a year.
canada goose coats on sale Neither Engelder nor energy industry experts have formally Canada Goose Parka estimated Utica cheap Canada Goose reserves. CIBC analyst Andrew Potter said 50 trillion cubic buy canada goose jacket cheap feet of recoverable gas was a reasonable estimate for the Quebec portion of the formation. canada goose coats on sale
Since the new shale plays are in the same areas as the Marcellus, they could be developed from existing well pads, cutting costs and reducing environmental damage from the extraction of more gas, Pitzarella said.
canada goose black friday sale COST EFFECTIVE Engelder, whose Marcellus estimates helped spark the current drilling boom, said the Utica and other shale formations may not contain as much gas as the Marcellus but are still attractive to Canada Goose sale energy companies because they can be exploited with existing equipment. canada goose black friday sale
Canada Goose Parka Utica doesn have to be nearly as good as the Marcellus to be economic because we already have the infrastructure in place, Engelder said. Canada Goose Parka
canada goose clearance sale The Utica Shale, which covers much of the same uk canada goose outlet geographic region Canada Goose Online as the Marcellus, in addition to its portion in Quebec, is also being cheap canada goose uk targeted by East Resources Inc., which is already active in the northern Pennsylvania section of the Marcellus. canada goose clearance sale
The Upper Devonian Shale, of which the Marcellus is a part, underlies Virginia, West Virginia and Kentucky as well as sections of canada goose clearance Ohio and Pennsylvania.
Canada Goose Jackets East is preparing to drill test wells in the Utica Shale this year and believes the formation could contain as much or even more gas than the canada goose store Marcellus, said Paul Dudenas, the company manager of corporate engineering. Canada Goose Jackets
canada goose East agreed in May to be bought for $4.7 billion by Royal Dutch canada goose coats Shell, which is seeking shale gas assets. canada goose
canada goose deals Preliminary drilling of nearby formations indicates the Utica geology is Canada Goose Jackets similar to Marcellus. Dudenas said that justifies $7 to $8 million for a test well, twice the cost of a typical Marcellus well. canada goose deals
cheap Canada Goose Still, experts have yet to publish estimates for the wholesale gas price at which drilling uk canada goose in these shale formations would be profitable. cheap Canada Goose
Utica is around 4,000 feet deeper than the Marcellus, so the economics of extracting gas from the new formation could be challenging even if existing infrastructure was used to reach it.
Canada Goose online But a major new reserve could become much more attractive if the market price of gas rises significantly above Wednesday $4.53 per million British Thermal Units for benchmark Henry Hub gas, a relatively low level that has prevented even faster development of Pennsylvania gas resources. Canada Goose online
buy canada goose jacket The potential of the Utica is such that it would be worth exploiting independently of the Marcellus development. the Marcellus didn exist, we would still be canada goose clearance sale drilling the formation, Dudenas said, referring to the Utica Shale. buy canada goose jacket
canada goose coats In northeast Pennsylvania, Cabot Oil Gas Corp. recently completed a successful test well into the Purcell Limestone, between the upper and lower Marcellus levels. canada goose coats
Canada Goose sale The well yielded a 30 day average of 7.3 million cubic feet a day, indicating the Purcell reserve may contain significant quantities of gas, Cabot chief executive Dan Dinges told a conference call in February Canada Goose sale.
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