EXCO Resources released their first quarter operational update on Tuesday. In the Marcellus Shale, EXCO is currently operating three drilling rigs with plans to drill 49 wells this year in the Marcellus. Most of EXCO’s drilling happens in Lycoming County, PA (Williamsport area). The relevant portion of the EXCO update concerning the Marcellus:
Terry Engelder, Penn State geosciences professor and “father of the Marcellus Shale” once coined the term “line of death” for the point where shale stops being productive. He was specifically talking about the coal region in Pennsylvania where once-upon-many-millennia-ago high temperatures that hardened the anthracite coal also “cooked out” methane natural gas from the shale. [...]
EXCO Resources was fined $160,000 last week by the federal Environmental Protection Agency for an incident that occurred at an injection well last year in western Pennsylvania.
Recently released data on drilling violations from the PA Department of Environmental Protection show that problems continue with the cemented steel casings that are designed to protect groundwater from methane and the fluids used to frack wells. The violations do not mean methane or fluids escaped into local groundwater aquifers—but the potential exists when a [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
The quarterly reports from public companies continue to roll in, which sometimes makes for interesting reading. EXCO Resources, Inc. has just issued their quarterly report and includes the following operational update on their drilling activities in the Marcellus Shale. Of particular note is EXCO’s statement about IP, or “initial production”. IP for oil and gas [...]
EXCO Resources has withdrawn an offer made to the borough of Ford City, PA to lease borough-owned land for Marcellus Shale drilling:
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