Warren Resources Proved Reserves Up 209% Due to Marcellus

Warren Resources is an exploration and production company (E&P) that’s drilled just a handful of wells in the Marcellus, but according to their latest announcement, their proved reserves for natural gas in 2014 jumped 209% “primarily” because of their Marcellus Shale acreage. Perhaps that bodes well for more drilling by Warren? We’ll see. According to the Marcellus and Utica Shale Databook, Vol. 3 (recently published), Warren received permits to drill 4 Marcellus wells in Pennsylvania during the last four months of 2014…

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