Monetizing Marcellus

摘要

In December 2007, Range Resources Corp. announced the newest US shale gas play, reporting three new horizontal Marcellus tests that made 3.7, 4.3, and 4.7 MMcfe in their first 24 hours. Just more than three years later, more than 2,500 horizontal wells have now been drilled through the Appalachian Formation, making a combined 2.5 Bcf per day, of which some 10% is being surfaced by Range alone.