Marcellus Shale

Cabot Oil & Gas Reports Record Marcellus Shale Production

Cabot Oil & Gas (COG) reported that production from the company’s Marcellus Shale properties have reached a new record of 606 million cubic feet per day in a recent twenty four hour period.  Production averaged 600 million cubic feet per day during the final two days of 2011.

Cabot Oil & Gas said that the company’s production exit rate for 2011 was 154% above the 2010 production exit rate of 236 million cubic feet per day in the Marcellus Shale.

Cabot Oil & Gas said that total compression capacity has now reached 650 million cubic feet per day as the Teel facility upgrade is now complete.  The company also said that the Springville Pipeline has started operations and first deliveries are expected on January 5, 2012.

Range Resources Hits Marcellus Shale Production Goal

Range Resources (RRC) announced that the company is producing 400 million cubic feet of natural gas equivalents per day from the Marcellus Shale.  This is the production level that the company established for the end of 2011. Range Resources exited 2010 producing 200 million cubic feet of natural gas equivalents per day from the Marcellus Shale.

2011 Highlights

• Increased firm transportation capacity and sales arrangements to 650 million cubic feet per day.
• Increased natural gas processing capacity in southwestern Pennsylvania to 435 million cubic feet per day.
• Executed the company’s first ethane extraction and sales contract.

Southwestern Energy - Marcellus Shale - Third Quarter of 2011 Update

Southwestern Energy (SWN) issued an operational update on its Marcellus Shale activity during the third quarter of 2011.  The company is currently producing 110 million cubic feet of natural gas per day (gross) and is restricting production due to lack of pipeline infrastructure.

Southwestern Energy has drilled a total of forty Marcellus Shale wells since entering the play, and has put eighteen of these wells onto production as of 9/30/2011.  All of these wells are located in the Greenzweig area in Bradford County, Pennsylvania.

Southwestern Energy reported total Marcellus Shale production of 7.4 Bcf in the most recent quarter and 15.2 Bcf in the nine month period ending 9/30/2011.

Southwestern Energy is currently working on a five well pad in Bradford County and expects to put these wells onto production in November 2011.  The company also reported that the Ball Myer 1H well is currently producing 8.2 million cubic feet of natural gas while under a restricted choke.