Found in Northeastern United States, the Marcellus shale formation stretches 104,000 square miles across Pennsylvania, West Virginia, Ohio, and upstate New York.
The Marcellus shale is one of the most prolific basins in North America due to its sheer size and reserve potential. In the past, the oil and gas deposit was deemed too difficult to exploit. However, thanks to modern technology, extraction of hydro carbons has been made a reality.
The difficulties of mining the Marcellus formation stem from the fact that the natural gas that the basin produces is trapped in low-permeability shale. In order to produce gas, facilities have to resort to hydraulic fracturing which can be costly for Operators
The Marcellus Shale is the largest and most prolific area of shale gas in the nation. However, the average rate of production-per-day varies across the vast area that this play encompasses.
More organically dense areas will have a higher yields of natural gas. These areas have been identified by geologists and are currently being drilled by Major Operators. The shale produces around 327 million cubic feet per day of natural gas in dense areas.
Although the environmental issues of facilities tapping the Marcellus formation are debated, the basin is still one of the most sought-after areas for mining natural gas and selling mineral rights.
If you own mineral or royalty rights located in the Marcellus formation, then you understand that your minerals have value. Stag Minerals is a team of industry leaders who are devoted to mineral acquisitions across the United States and we would like to give you our best offer.
Contact us today and find out how Stag consistently pays mineral owners the most for their oil and gas assets.