Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Shell says it's extended 'sweet spot' of Utica shale
by Daniel J. Graeber
Houston (UPI) Sep 3, 2014


disclaimer: image is for illustration purposes only

Shell announced Wednesday it made natural gas discoveries at two wells in the Utica shale reserve area in Pennsylvania.

"Last year, we refocused our resources plays strategy to select fewer plays with specific scale and economic characteristics to best suit our portfolio," Marvin Odum, Shell's upstream America director, said in a statement. "The Appalachian basin is one of those areas, and these two high-pressure wells both exhibit exceptional reservoir quality."

Shell said it made the discoveries in its Neal and Gee wells in the Utica shale. The company said the discoveries "extend the sweet spot" of Utica shale beyond southeast Ohio and western Pennsylvania into an area where it holds 430,000 acres.

Gee had an initial flow rate of 11.2 million cubic feet of gas per day and Neal has already yielded 26.5 million cubic feet of gas per day, the company said.

In August, the Energy Information Administration, the statistical arm of the Energy Department, said total production from Utica shale should increase from 155 million cubic feet per day reported in January 2012 to an expected 1.3 billion cubic feet per day by September.

Shell recently sold its entire stake in the Pinedale reserve area in Wyoming to Ultra Petroleum in exchange for $925 million and 155,000 net acres in the Marcellus and Utica basins in Pennsylvania.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
BP, SOCAR to build Azeri workforce
Baku, Azerbaijan (UPI) Sep 2, 2014
Azerbaijan and BP announced plans to build a national workforce to help develop the country's oil and gas industry, officials said. Representatives from BP and the State Oil Company of the Azerbaijan Republic signed documents in Baku on building a workforce specializing in the oil and natural gas business. "The memorandum of understanding will allow SOCAR and BP to create a reser ... read more


OIL AND GAS
New study charts the global invasion of crop pests

Water 'thermostat' could help engineer drought-resistant crops

How to prevent organic food fraud

Locust plague descends on Madagascar capital

OIL AND GAS
Google working on super-fast 'quantum' computer chip

EU fines Samsung, Philips and Infineon over smartcard chip cartel

Computer simulations visualize ion flux

Nanoplasmonic and optical resonators create laser-like light emission

OIL AND GAS
First of 3 upgraded aerial tankers returned to France

F-35 hanger construction work contracted by Navy

U.S. Navy executes advanced acquisition contract for aircraft

New Zealand receives first Beechcraft trainers

OIL AND GAS
Ride-sharing could cut cabs' road time by 30 percent

Sweden court accepts receivership for Saab carmaker

France's Peugeot gets approval for China plant: report

China fines Japanese auto parts firms $200 mn for monopoly

OIL AND GAS
Russia's Putin follows China's Xi to Mongolia

Chinese brewer Tsingtao at lagerheads with competitors

Chile fines British-South African copper mine $4.5 million

China fines insurance firms $18 mn for price monopoly

OIL AND GAS
Brazil cracks 'biggest' Amazon deforestation gang

Brazil arrests 8 in Amazon deforestation swoop

World's primary forests on the brink

New analysis links tree height to climate

OIL AND GAS
New Earth-Observing Instrument Makes Successful Balloon Flight

Sentinel-1 poised to monitor motion

NASA Begins Hurricane Mission with Global Hawk Flight to Cristobal

NASA Rainfall Satellite Out Of Fuel, but Continues to Provide Data

OIL AND GAS
Nanoscale assembly line

UO-Berkeley Lab unveil new nano-sized synthetic scaffolding technique

Shaping the Future of Nanocrystals

Introducing the multi-tasking nanoparticle




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.