Rex Energy announces $175M Exploration In Marcellus and Utica Shales

Rex Energy Corp. has reportedly entered into a new partnership with Benefit Street Partners LLC targeted at exploring the Utica and Marcellus shales. The partnership is expected to invest a total of $175 million in exploring and developing this resource-heavy region, investigating 48,300 acres and potentially developing nearly 60 new wells across the area. The exploration will occur throughout… Read More

Nine Energy Completes The Longest Utica Shale Well

Nine Energy has recently completed the longest shale well in the world. The record-breaking shale well is 3.5 miles long and located in Utica. It had to be completed through over 120 fracking stages. Nine Energy is a smaller company within the oil field industry but has been able to show its considerable capabilities through the development… Read More

The Appalachian Basin Produces The Most Natural Gas In The US

The largest source of natural gas in the United States is reportedly the Appalachian Basin, which includes the Marcellus-Utica shales. Natural gas has been recovered from the region in record-breaking numbers since the adoption of hydraulic fracturing methods, which make oil and natural gas recovery more efficient, productive, and cost-effective. Natural gas and oil… Read More

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