By Andrea: http://oilshalegas.com
Rex Energy Corporation (REXX) recently released an update on the Marcellus Shale in Butler County, PA:
They noted that this area of the Marcellus Shale fairway is liquid rich, resulting in a higher profit margin than the dry gas areas of the play. Additionally, due to the shallower depth and relatively consistent geology in the area, they believe this will ultimately be one of the lower cost areas to drill wells.
For the year-to-date (July 2010), they have completed four new horizontal Marcellus Shale wells in Butler County. In addition, there are five wells drilled and awaiting completion in two wells currently being drilled.
Due to significant improvement in the drilling efficiencies, Rexx Energy Corp. expects to have all of the ten wells of their previously announced plan of drilling to be completed by the time the cryogenic plant commences operations early in the fourth quarter.
For more shale updates, visit: http://blackberrystockblog.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
www.oilshalegas.com has researched the following shale fields in the USA & Canada. Click below to learn more.
Antrim Shale - ANWAR Oil Shale - Austin Chalk - Avalon Shale - Bakken Oil Shale - Barnett Shale - Bone Spring - Bossier Shale - Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale - Collingwood Shale - Cumnock Shale - Duvernay Shale - Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale - Marcellus Shale - Monterey Shale - Montney Shale - Niobrara Shale - Permian Basin - Piceance Basin -Spraberry Field - Tuscaloosa Marine Shale - Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale - Oil Sands - China Shale - Mineral Rights - Index of Shale
Contact Us - Shale Classifieds - Shale Jobs
Antrim Shale - ANWAR Oil Shale - Austin Chalk - Avalon Shale - Bakken Oil Shale - Barnett Shale - Bone Spring - Bossier Shale - Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale - Collingwood Shale - Cumnock Shale - Duvernay Shale - Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale - Marcellus Shale - Monterey Shale - Montney Shale - Niobrara Shale - Permian Basin - Piceance Basin -Spraberry Field - Tuscaloosa Marine Shale - Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale - Oil Sands - China Shale - Mineral Rights - Index of Shale
Contact Us - Shale Classifieds - Shale Jobs