The Marcellus formation is considered the second-largest natural gas field in the world, spanning approximately 60.8 million net acres with largely untapped natural gas reserves.
We entered the Marcellus shale gas play in 2008 and have continued to acquire acreage within the play, with a net acreage position of 344,000 acres.
Marcellus provides us with a long-life gas asset and considerable optionality relating to the timing of drilling and production from these leases.
The prospective Utica shale is 60 million years older than the Marcellus and 2,000 – 3,500 feet deeper. It is a gas play close to the Ohio River, becoming a condensate and oil play further west.
Reducing our footprint
- We carry out baseline water sampling defined by state and local regulations to evaluate groundwater before we begin our operations.
- We work closely with the US Fish and Wildlife Services and have developed long-term conservation measures and best practices for the endangered Indiana Bat and Northern Long Eared Bat.
- We are evaluating the application of a number of new technologies within our operations. We are assessing methods which aim to enhance recovery by enabling more effective completions optimisation and well spacing. These technologies would also enable more cost-efficient operations.
Contributing to local communities
- We partnered with the Foundation for Appalachian Ohio, establishing a fund to support investments in K-12 Science, Technology, Engineering, and Math (STEM)-related education. Investments supporting first responders, community safety and emergency preparedness efforts will follow.
- We coordinate closely with first responders and participate in Local Emergency Planning Committee meetings, to share our development and emergency response plans.