Talisman Energy Will Invest $1 Billion in PA Marcellus Shale, Opening Regional Office near Pittsburgh

Talisman Energy (headquartered in Calgary, Canada) says it will invest $1 billion in Pennsylvania’s Marcellus Shale.

Part of that investment is the creating of a regional office in Cranberry Township, in Butler County, PA. The new office will employ 125 people by the end of 2010. And Talisman is looking to hire:

The company is in the process of recruiting and hiring geologists, landsmen, regulatory and legal experts, among others. It will relocate 35 from its New York office and 15 from the Calgary headquarters, and hire the rest.*

Although Talisman’s 214,000 net acres in the Marcellus Shale are in northeastern Pennsylvania, the company decided to locate its regional office near Pittsburgh.

*Pittsburgh Business Times (Mar 12) – Talisman Energy opening office north of Pittsburgh

Related posts:

1. Talisman Energy Sells Another $1.9B in Assets, Plans to Invest $1B in Marcellus Shale in 2010
2. Talisman Energy to Drill 40-50 New Wells in Bradford County, PA
3. Talisman Energy Selling Conventional Gas Properties, Investing in Marcellus Shale Instead