Archive for March 2nd, 2010

CONSOL Energy COO DeIuliis Says Marcellus Drilling has Potential to “Reshape Western PA Economy”

Nicholas DeIuliis, the Chief Operating Officer of CONSOL Energy Inc., spoke to a leadership group at the Rivers Club in Downtown Pittsburgh today. Among the things he said: “Five years ago, no one knew how to spell Marcellus Shale,” DeIuliis, who is also president and COO of CNX Gas Corp., a part of CONSOL, said. […]

Rex Energy Drills 7 Horizontal Gas Wells in the Marcellus in 2009, Expects to Drill Another 19 in 2010, Controls 67,000 Acres

Rex Energy Corporation, an energy company drilling in the Marcellus Shale, today announced its fourth quarter and year-end 2009 results. The portion of the press release dealing with Marcellus drilling activity is reproduced below. —– In the Appalachian Region, Rex Energy has drilled and completed nine horizontal Marcellus Shale wells to date. The company drilled […]

Energy Company EQT Buys Rights to 58,000 Acres in PA, Now Holds 500K Net Acres in the Marcellus Shale

EQT Corp. said today it is buying mineral rights to 58,000 net acres in the Marcellus Shale from a group of private operators and landowners for $280 million in stock and cash. That works out to $4,828 per acre. While the names of the sellers were not disclosed, most of the land is located in […]

 

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