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Marcellus shale drilling expands in Pennsylvania

About Richard Gazarik

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By Richard Gazarik

Published: Sunday, Feb. 26, 2012

Companies drilled 2,755 Marcellus shale gas wells in Pennsylvania in 2011, up from 1,386 in 2010, according to the state Department of Environmental Protection.

These companies are major players in the shale gas industry, based on earnings and production. Leasing, employee and production figures are for Pennsylvania only. Mcf stands for 1,000 cubic feet, a unit of measure for natural gas; 1,000 mcf is enough natural gas to heat an average home for four days, according to the American Gas Association, which put average daily home usage at 193 cubic feet in 2009, the latest figure available.

1. Chesapeake Appalachia (Chesapeake Energy)

Local office: Bradford

Corporate headquarters: Oklahoma City, Okla.

CEO:?Aubrey McClendon

Acres under lease: 1.5 million

Employees: 1,400

2011 Production:?529,461?mcf per day

2011 Earnings (by December):?$1.570?million

2010 Earnings: $1.7 billion

Marcellus shale gas production July 1, 2009-June 30, 2011: 162,971,890 mcf

2 Talisman Energy USA

Local office: Cranberry

Corporate headquarters: Horseheads, N.Y.

President: Rob Broen

Acres under lease: 233,000

Employees: 140

2011 Production: 315 mcf per day

2011 Earnings (by December): $165 million

2010 Earnings: $347 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 147,971,631 mcf

3. Cabot Gas & Oil

Local office: Susquehanna, Susquehanna County

Corporate headquarters: Houston, Texas

CEO: Dan Dinges

Acres under lease: 253,000

Employees: 400

2011 Production: 100 mcf per day

2011 Earnings (by December): $106.6 million

2010 Earnings: $100 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 120,445,695 mcf

4. Range Resources Appalachia LLC

Local office: Canonsburg

Corporate headquarters: Fort Worth, Texas

COO: Jeff Ventura

Acres under lease: 1.1 million

Employees: 400

2011 Production: 400 mcf per day

2011 Earnings (by December): $221 million

2010 Earnings: $89.3 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 109,562,831 mcf

5. EQT Production

Local office: Pittsburgh

Corporate headquarters: Pittsburgh

CEO: David Porges

Acres under lease: 530,000

Employees: 1,800

2011 Production: 558 mcf per day

2011 Earnings (by December): $178.9 million

2010 Earnings: $470.5 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 48,918,016 mcf

6. Chevron Appalachia (Atlas Energy)

Local office: Moon

Corporate headquarters: San Ramon, Calif.

COO: Bruce Niemeyer, vice president

Acres under lease: 228,000

Employees: 350

2011 Production: 244 mcf per day

2011 Earnings (by December): $94.3 million

2010 Earnings: $278.6 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 30,164,456 mcf

7. Shell Appalachia

Local office: Warrendale

Corporate office: Houston, Texas

CEO: Marvin Odum

Acres under lease: 700,000

Employees: 185

2011 Production: 50 mcf per day

Earnings: Information not available for Shell Appalachia; earnings listed under Shell, a global group of energy and petrochemical companies.

Marcellus shale gas production July 1, 2009-June 30, 2011: 40,398,211 mcf

8. Seneca Resources (National Fuel Gas Co.)

Local offices: Oil City and Erie

Corporate headquarters: Houston, Texas

President: Matthew D. Cabell

Acres under lease: 745,000

2011 Production: 50.4 mcf per day

2011 Earnings (by December): $258.4 million

2010 Earnings: $225.9 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 28,554,724 mcf

9. CNX Gas (Consol Energy)

Local office: Cecil

Corporate headquarters: Cecil

CEO: J. Brett Harvey

Acres under lease: 633,000

Employees: 2,476

2011 Production: 500 mcf per day

2011 Earnings (by December): $167 million

2010 earnings: $239.1 million

Marcellus shale gas production July 1, 2009-June 30, 2011: 21.415.752 mcf

10. Anadarko E & P Co.

Local office: Renovo, Clinton County

Corporate headquarters: The Woodlands, Texas

CEO: James T. Hackett

Acres under lease: 330,000

Employees: 2,200

2011 Production: 556 mcf per day

2011 Earnings (by December): $274 million

2010 Earnings: $1.6 billion

Total Marcellus shale production July 1, 2009-June 30, 2011: 20,459,645 mcf

Sources: Pennsylvania Department of Environmental Resources; company reports and filings with U.S. Securities and Exchange Commission

 

 
 


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