Turning Off The Gas: Region’s Last Exploratory Natural Gas Well To Be Plugged

Since the Marcellus Shale drilling boom started in 2008, seven natural gas wells have been drilled in and around Luzerne and Lackawanna counties.

Six of them were plugged when they failed to produce enough gas to market.

This week, the seventh — WPX Energy’s Martin well on state Route 487 in Sugarloaf Township, Columbia County, between Ricketts Glen and Benton — will also be shut down for good.

“From what I understand, we’re the last well to be plugged,” WPX Energy spokeswoman Susan Oliver said.

Read more:

http://citizensvoice.com/news/turning-off-the-gas-region-s-last-exploratory-natural-gas-well-to-be-plugged-1.1837326

Southwestern Energy Snaps Up Assets In Marcellus, Utica From Chesapeake

Chesapeake Energy continued its sell-off of gas drilling operations in the Marcellus and Utica shales Thursday with its biggest withdrawal from Appalachia.

Pennsylvania’s biggest shale gas producer agreed to sell 435 shale wells, 1,100 conventional wells and the rights to drill in more than 400,000 acres to Houston-based Southwestern Energy Co. for $5.375 billion.

“I certainly think this is consistent with what we’ve seen from Chesapeake,” said Scott Hanold, an energy analyst at RBC Capital Markets.

Read more: http://triblive.com/business/headlines/6974705-74/energy-southwestern-marcellus#ixzz3GPXRKihi
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