St. Mary Land and Exploration Company (SM) issued an operational update on its activities in the Marcellus shale in Pennsylvania. The company has decided to delay the start of its Marcellus Shale development program until pipeline is completed in June 2010.
St. Mary Land and Exploration Company was originally budgeted to drill 4 Marcellus Shale development wells in 2010, but may defer the 2 discretionary wells in this program due to low gas prices.
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