Preston County, WV Marcellus Shale

By Tim - http://oilshalegas.com

November 10, 2011 - Gastar Exploration Ltd (GST) recently reported on their Preston County, WV acreage in the Marcellus Shale.

On our Marcellus East position in Preston County, West Virginia, we have drilled one horizontal well to test this acreage, which is 100% owned by Gastar. In August 2011, we completed the Hickory Ridge 2H horizontal Marcellus well, a 2,500-foot lateral completed with a 10-stage fracture stimulation, and we are currently flowing back completion fluids. First sales from the Hickory Ridge 2H are anticipated by year end. Our focus for the remainder of 2011 and through 2012 in the Marcellus East acquisition area is to perform a 3-D seismic survey over a portion of the acreage, with no additional wells currently planned during that time frame.

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Marshall County, West Virginia - Marcellus Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Gastar Exploration Ltd (GST) recently reported on their Marshall County, WV acreage in the Marcellus Shale.

In Marshall County, West Virginia, we currently have two drilling rigs working in our Marcellus West area. By year-end 2011, we expect to have nine horizontal Marcellus wells on sales and 10 horizontal Marcellus wells drilled and awaiting completion. All of our Marcellus Shale wells drilled in Marshall County are part of our joint venture with Atinum Partners Co, Ltd. (the "Atinum Joint Venture"). After all drilling and completion costs have been incurred, our working interest in these wells will range from 40% to 50%.

In mid-August 2011, we began producing the Wengerd 1H and 7H horizontal wells at an initial combined 30-day average gross sales rate of approximately 7.1 MMcf per day of natural gas, 176 barrels of condensate and 347 barrels of natural gas liquids (“NGLs”). On September 23, 2011, the pipeline operator shut in the pipeline due to weather-related damage to the natural gas and condensate gathering system. While the pipeline was being repaired, we installed tubing into the two Wengerd wells that would enable us to improve NGLs and condensate recovery and returned them to production on October 21, 2011. Initially, production was restricted due to excessively high line pressures following the pipeline repair, but this matter was recently resolved. The two wells’ most recent combined four day average gross sales rate is 8.1 MMcf per day of natural gas, 200 barrels of condensate per day and 490 barrels of NGLs per day.

Also in Marshall County, we have completed fracture stimulation operations on the Corley pad (four horizontal wells), with first sales anticipated in mid-November 2011. Currently, we are commencing fracture stimulation operations on the three-well Simms pad with first production anticipated mid-December 2011. As of September 30, 2011, drilling operations have been completed on the Hendrickson 1H, 2H and 4H wells, and we completed drilling operations on the Hendrickson 3H and 5H wells in late October 2011. Fracture stimulation operations on all five Hendrickson wells are anticipated to commence in March 2012, and first sales are anticipated in the second quarter of 2012. Currently, we have commenced drilling operations from the Hall pad (three wells) and the Burch Ridge pad (five wells), and we expect to commence drilling operations on the Accettolo pad (three wells) prior to year end.

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Tyler County, WV: Marcellus Shale Update

By Andrea: http://oilshalegas.com

Magnum Hunter Resources Corp. (MHR) recently announced the completion of its first well drilled in the Marcellus Shale, located in Tyler County, West Virginia. The well is the Weese Hunter #1001.

Alpha Hunter Drilling, a wholly owned subsidiary of Magnum Hunter, spud the Weese Hunter #1001 in late July 2010 and reached vertical total depth of approximately 6,510 feet in mid August 2010. A third party drilling rig commenced the horizontal leg in mid September 2010 and reached a horizontal length of approximately 4,028 feet. Total measured depth for the Weese Hunter #1001 is approximately 10,388 feet. A twelve stage frac job was successfully completed in December. The Weese Hunter #1001 well recently tested at an initial production rate ("IP") of 7.0 MMcfe per day with flowing tubing pressures of 2350 psi on a 22/64 inch choke. The British Thermal Unit ("BTU") content of the well was measured at approximately 1,225. The Weese Hunter #1001 began producing yesterday into the recently completed Eureka Hunter pipeline system. The currently estimated economic ultimate recovery ("EUR") for the Weese Hunter #1001 is estimated by the Company's in-house reservoir engineers to be approximately 4 Bcfe. Magnum Hunter's wholly-owned subsidiary, Triad Hunter, LLC, is the operator of this well and owns a 100% working interest with a 84.3% net revenue interest.

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Garret County, MD: Marcellus Shale Update

By Andrea: http://oilshalegas.com

On August 23, 2010, Enerplus Resources Fund (ERF) closed the acquisition of 58,500 net acres of undeveloped land in the Marcellus shale natural gas play in northwest West Virginia and Maryland. The acreage is predominantly located in Preston County in West Virginia and Garret County in Maryland creating a new, concentrated land position that Enerplus will operate with an average 90% working interest. Enerplus has now invested over $150 million in the Marcellus shale gas play in 2010 acquiring two key operated areas comprised of approximately 70,000 net acres in addition to the 127,000 net acres of non-operated land that has been acquired since 2009.

These new lands in West Virginia and Maryland are in emerging areas with limited existing development however we believe that the geologic characteristics are similar to Fayette and Somerset counties of Pennsylvania. Early results from offset operators including those of our joint venture interests have been encouraging. While no proved or probable reserves have been acquired, we estimate original gas in place on this acreage of approximately 50 to 60 Bcf per 640 acres.

The concentrated nature of this operated position, together with the long tenure of the leases provides Enerplus the opportunity to control the pace of development and spending. A majority of the leases have two to three years remaining on the original five-year term with an additional five-year extension option at nominal cost. Our initial plans are to shoot seismic and begin the permitting process this fall and we expect to begin drilling in 2011.

Enerplus has captured a meaningful position in one of the best shale gas plays in North America that we believe will provide us with significant production growth over the next four years. To date, we are encouraged by the results of our development plans and current production is approximately 15 MMcf/day. We intend to continue to manage the commodity and asset mix of our portfolio to ensure we have flexibility in our capital spending. We are evaluating the possibility of reducing our non-operated acreage position given the addition of our new operated acreage and in order to maintain a desired level of exposure.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Preston County, WV - Marcellus Shale Update

By Andrea: http://oilshalegas.com

On August 23, 2010, Enerplus Resources Fund (ERF) closed the acquisition of 58,500 net acres of undeveloped land in the Marcellus shale natural gas play in northwest West Virginia and Maryland. The acreage is predominantly located in Preston County in West Virginia and Garret County in Maryland creating a new, concentrated land position that Enerplus will operate with an average 90% working interest. Enerplus has now invested over $150 million in the Marcellus shale gas play in 2010 acquiring two key operated areas comprised of approximately 70,000 net acres in addition to the 127,000 net acres of non-operated land that has been acquired since 2009.

These new lands in West Virginia and Maryland are in emerging areas with limited existing development however we believe that the geologic characteristics are similar to Fayette and Somerset counties of Pennsylvania. Early results from offset operators including those of our joint venture interests have been encouraging. While no proved or probable reserves have been acquired, we estimate original gas in place on this acreage of approximately 50 to 60 Bcf per 640 acres.

The concentrated nature of this operated position, together with the long tenure of the leases provides Enerplus the opportunity to control the pace of development and spending. A majority of the leases have two to three years remaining on the original five-year term with an additional five-year extension option at nominal cost. Our initial plans are to shoot seismic and begin the permitting process this fall and we expect to begin drilling in 2011.

Enerplus has captured a meaningful position in one of the best shale gas plays in North America that we believe will provide us with significant production growth over the next four years. To date, we are encouraged by the results of our development plans and current production is approximately 15 MMcf/day. We intend to continue to manage the commodity and asset mix of our portfolio to ensure we have flexibility in our capital spending. We are evaluating the possibility of reducing our non-operated acreage position given the addition of our new operated acreage and in order to maintain a desired level of exposure.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Marshall County, West Virginia: Marcellus Shale Update

By Andrea: http://oilshalegas.com

Trans Energy, Inc. (TENG) announced today that it has begun drilling the Stout #2H well in Marshall County, West Virginia. The Stout #2H will be drilled and completed horizontally in the Marcellus shale.

John G. Corp, President of Trans Energy, said, “We plan to drill four additional horizontal Marcellus wells in Marshall County in 2010 beginning with the Stout #2H. Moving to a development phase from an exploration phase is another significant step forward for Trans Energy to properly develop its acreage position in northern West Virginia.”

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Marcellus Shale Job Opportunities: Chesapeake Energy (CHK)

By Andrea: http://oilshalegas.com

The Intelligencer: Wheeling New Register of Wheeling, West Virginia released a heartbreaking article this morning, however; bittersweet in it's own nature.

Chesapeake Energy Corp. (CHK) launched a hiring spree in New Martinsville, WV on Wednesday, August 18. The turnout for the chance of a job, was hundreds. People lined up and waited for up to 3 hours for the chance of an interview and the possible hope for a job. As interest in the natural oil and gas industry rises, companies like Chesapeake are one of the few industries who are in need of employees. The interviewees were filed through the interview process much like an assembly line where they were first screened at the door and then thrown into one of four categories based on experience and skill level.

Two men who were looking for the chance at the appealing prospect of a steady job, Eric Westbrook and Shawn Long were thankful Chesapeake was in the area stating that "(the gas industry) is the only thing that is here", as far as jobs are concerned. Both men have been working contracting jobs without the promise of hours every week and without health insurance. While Chesapeake Energy has the means to hire and is giving towns like Martinsville, WV who have been struck hard by the economic downturn some hope, a line of hundreds looking for a job at a single company is an upsetting reminder that the U.S. is far from recovery of an economic crisis.

For more details and full story: http://www.theintelligencer.net/page/content.detail/id/540871.html?nav=515

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Marcellus Shale: Marion West Virginia TENG 4th Well

Trans Energy ( TENG ) has announced this week that they have completed their 4th Vertical Well in the Marcellus Shale - Natural Gas Field. This latest Marcellus Shale well was drilled in Marion County, West Virginia.

Trans Energy, Inc. (OTC BB: TENG) announced today that its Blackshere #101 well in Marion County, West Virginia was successfully fraced on December 29th and is currently awaiting connection to a sales line. The Blackshere #101 is completed in the Marcellus shale, a prolific new “resource play” in Appalachia, similar to the Barnett, Fayetteville and Haynesville shales which have grown to become a significant base of hydrocarbon reserves in the United States.

James K. Abcouwer, President and CEO of Trans Energy, said “This fourth Marcellus well is located in Marion County which is the county to the east of our existing Marcellus wells and is a step out of what we consider our proven area. We are delighted with its initial indications. We are optimistic that the positive results from our three vertical wells in Wetzel County and now with our most recent completion in Marion County can be replicated throughout our acreage position in northern West Virginia. We’re now beginning a horizontal well program in yet another significant step forward for Trans Energy to properly develop its acreage position. We’re pleased to have achieved this sizeable acreage position centered on the Wetzel-Marion-Doddridge Counties area, which looks to be one of the most – if not the most – prolific part of the Marcellus resource in Appalachia.”

http://www.transenergyinc.com/pr/131.html

http://blackberrystocks.blogspot.com/

Marcellus Shale: Trans Energy TENG Competes Third Well

Trans Energy ( TENG ) came out yesterday, 12/29/08, and announced it has completed its third Marcellus Shale well.

Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today that its Dewhurst #73 well in Wetzel County, West Virginia was successfully completed on December 16th and connected to a gas sales line on December 20th. The Dewhurst #73 is completed in the Marcellus shale, a prolific new "resource play" in Appalachia, similar to the Barnett, Fayetteville and Haynesville shales which have grown to become a significant base of hydrocarbon reserves in the United States.
The well is continuing to purge water used in the frac process, and is producing gas at a volume and working pressure that indicates this development area may be among the most attractive parts of this new and substantial shale play.
James K. Abcouwer, President and CEO of Trans Energy, said, "This third Marcellus well indicates that the positive results from our first two vertical wells, the Hart #20 and Dewhurst #50, can be replicated throughout our acreage position in northern West Virginia. We're now beginning a horizontal well program in yet another significant step forward for Trans Energy to properly develop its acreage position. We're pleased to have achieved this sizeable acreage position centered on the Wetzel-Marion-Marshall-Doddridge Counties area, which looks to be one of the most -- if not the most -- prolific part of the Marcellus resource in Appalachia."

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