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Marcellus Shale Could Change the Face of Pipeline Construction in the U.S. Northeast
SUGAR LAND--February 15, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--In the past several years the Marcellus Shale formation has gained increasing importance as a natural gas and liquids producing region. Located across the states of New York, Pennsylvania, Ohio, West Virginia and parts of Virginia, the Marcellus Shale is at the northern end of the Devonian Black Shale Succession, and what lies beneath the ground is now commonly thought to be approximately 500 trillion cubic feet of natural gas and associated hydrocarbon liquids locked within the rock. Estimates go as high as 1,300 trillion to 1,600 trillion cubic feet of natural gas in place, which would make it even larger than the 900 trillion-cubic-foot North Field in Qatar, which is helping fuel Qatar's growth to 77 million tons of liquefied natural gas (LNG) by the end of 2010.
Companies featured: Chesapeake Energy (NYSE:CHK), Anadarko Petroleum (NYSE:APC), XTO Resources (NYSE:XTO), Exco Resources (NYSE:XCO), EOG Resources (NYSE:EOG)
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Industry Segment: Transmission
Word Count: 1159 Words
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