PennEnergy: Core of Marcellus Extends Under & North of Pittsburgh

Green and Washington counties, south of Pittsburgh (Allegheny County), have long been considered the "core" of Marcellus Shale play in southwestern PA. The wells there get GREAT results--a mix of dry and wet gas (wet gas being natural gas liquids, like ethane, propane and butane). But one company, PennEnergy Resources, says the data shows that the same great Marcellus deposits are located underneath the great City of Pittsburgh itself, and in the towns north of the city (Allegheny County). And PennEnergy can prove it, with their own well results. Does that mean Pittsburgh itself may one day get drilled under?! Don't hold your breath on drilling under Pittsburgh any time soon. However, according to Greg Muse, chief operating officer for PennEnergy, there's plenty of gas to be drilled just north of the city--and the deposits are just as good as those south of the city. Muse also said PennEnergy is looking to either take the company public, merge with another company, or sell...

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