U.S. Energy Companies Bullish On Marcellus Shale

摘要

Houston (Reuters) - The global recession and low energy prices put the brakes on a lot natural gas exploration, but Anadarko Petroleum Corp . and Chesapeake Energy Corp. are sinking dollars into the Marcellus shale, the companies said Tuesday. The Marcellus shale, located in the northeastern U.S. in parts of Pennsylvania, New York and West Virginia, is said to contain enough natural gas trapped in rock to meet U.S. needs for a decade or more. "Early success from our Marcellus activities indicates this play possesses some of the most compelling economics in our onshore portfolio," Anadarko Chief Executive Jim Hackett told investors on the company's second-quarter earnings conference call.