St. Mary Land & Exploration Company (SM) recently updated its operations in the Marcellus Shale. The company has 41,000 net acres under lease in the Marcellus Shale, with 17,000 acres in McKean County and 24,000 acres in Potter County.
St. Mary Land & Exploration Company has drilled and completed two horizontal wells in McKean County, Pennsylvania. The Potato Creek 1H and the Potato Creek 3H are waiting for completion of a temporary sales pipeline. St. Mary Land & Exploration Company plans no more drilling in the Marcellus Shale in 2009.