Atlas Energy (ATLS) reported on the company’s operations in the Marcellus Shale during the second quarter of 2010. The company has 342,000 net acres in a joint venture with Reliance Industries Limited, and 280,000 net acres outside of that joint venture.
The joint venture agreement calls for the following drilling schedule in the Marcellus Shale over the next three years:
2011 – 108 wells
2012 – 171 wells
2013 – 300 wells
Atlas Energy reported Marcellus Shale gross production of 82 million cubic feet equivalent per day, or net production of 33 million cubic feet equivalent per day at the end of the second quarter of 2010.
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