Marcellus Exclusives

Marcellus, Appalachian, workovers, routine, maintenance, service, operators

Marcellus operators are doing only what is necessary to keep wells flowing. A few service providers are noting that work volumes have remained unchanged over the last 90 days.

Appalachia, drillers, recovery, oversupply, 2017, utilization, rigs, Marcellus, shale

Rig count continues to decline in the Marcellus region, the supply of drilling rigs remains excessive, and contractors peg utilization in the low 40-percentile range.

Marathon Petroleum increases its cash offer to MarkWest—again—as a “best and final” offer as it tries to entice the MLP’s unitholders to vote in favor of selling the company. 

Heard In The Field

Marcellus Gross Acreage

Company Net Acreage
Chesapeake 1,376,675
Shell 1,005,000
Range Resources 835,000
National Fuel Gas 780,000
All Top Acreage Holders