Rex Energy has 87,000 gross acres (65,000 net) in the Marcellus Shale area in the Northeastern U.S. The break down of the Marcellus Shale acreage by county is:
Westmoreland County – 17,200 acres
Butler County – 11,500 acres
Clearfield and Centre County – 27,800 acres
Fayette County – 4,150 acres.
The characteristics of the Marcellus shale in each county in terms of depth and thickness is:
Westmoreland County – 8,000 feet deep and 135-165 feet thick.
Butler County – 5,000 feet deep and 75 feet thick
Clearfield and Centre County – 8,800 feet deep and 150-300 feet thick.
Fayette County – 7,500 feet deep and 125-135 feet thick.
___________________________________________________________________
Do you use technical analysis to find the proper entry point before you buy a stock? Click Here for a free Trend Analysis.