Marcellus Shale

Rex Energy Reports Three Marcellus Shale Wells From Behm Pad

Rex Energy (REXX) issued an operational update on the company’s operated activity in the Appalachian basin where it is developing the Marcellus Shale.

Butler County

Rex Energy put onto production three wells drilled from the Behm pad in Butler County, Pennsylvania.  The wells had an average production rate during the first five days of 6.6 million cubic feet of natural gas equivalents per day.  The company said that this production rate was 50% higher than wells drilled from the Talarico pad and 74% higher than the Drushel pad.

The Behm wells had an average production rate during the first thirty days of 5.3 million cubic feet of natural gas equivalents per day.  This is 66% and 71% above the Talarico and Drushel pads, respectively.  

Rex Energy believes that the Behm Marcellus Shale wells will have an estimated ultimate recovery rate in excess of 5 Bcfe.

Rex Energy Updates Marcellus Shale Activity In Butler County

Rex Energy (REXX) issued an operations update on its development activity in Butler County, Pennsylvania, where the company is working on the Marcellus Shale formation.  The company is operating three rigs on its properties here.

Rex Energy drilled and completed four out of five Marcellus Shale wells from the Drushel pad in April 2011, and these well produced an average of 3.7 million cubic feet of natural gas equivalents per day during the first five days and 3.6 million cubic feet of natural gas equivalents per day during the first 30 days of production.

Rex Energy recently finished drilling three wells from the Talarico pad and started completion operations in early May 2011.  The company has also completed drilling operations on four of seven wells from the Grosick pad into the Marcellus Shale.  Rex Energy is also working on drilling from the McElhinny, Behm and Gilliland pads.

CONSOL Energy Reports On Marcellus Shale Reserves For 2010

CONSOL Energy (CNX) issued an update on its operations in the Appalachian Basin, where the company has 752,336 acres prospective for the Marcellus Shale. 

CONSOL Energy reported that it has drilled a total of 24 horizontal wells into the Marcellus Shale in 2010, and expects the average well to have an estimated ultimate recovery (EUR) of 5.5 Bcf and an average cost of $4.1 million to drill and complete.  

CONSOL Energy reported that the average lateral length on its Marcellus Shale wells totaled 3,400 feet, and production averaged 3.4 million cubic feet per day during the first 30 days. The company said that average daily production was 14 million cubic feet per day at the start of 2010 and ended the year at 40 million cubic feet per day.

CONSOL Energy plans to drill 70 horizontal wells in the Marcellus Shale in 2011.   The company also released its Marcellus Shale reserves by category as of 12/31/2010:

140 Bcfe - Proved developed reserves

719  Bcfe - Proved undeveloped reserves

859 Bcfe - Total proved reserves

1.156 Tcfe - Probable reserves

1.907 Tcfe - Possible reserves

3.922  Tcfe – Proved, possible and probable reserves