Data points.
- There are more formations than just the Marcellus in Pennsylvania that have natural gas reserves
- "This is Marcellus times two"
- Potentially a "natural gas triple play"
- Range Resources Corp (Texas-based) drilled first Marcellus well in 2004
- At least four drillers, including Range Resources, will explore additional formations below the Marcellus
- Natural gas reserves in the US highest in 40 years
- By 2035: shale gas will account for 46% of US natural gas production
- So far, 2,748 wells have been drilled into the Marcellus (399 in first three months of 2011)
- Expectation: 5,000 into the Marcellus "in the coming decades"
- The Utica formation: 200-feet thick; 8,450 feet below the surface (about the depth of a ND Bakken)
- Utica formation below the Marcellus might not require fracking
- Others say the Utica in Ohio is better; not as deep
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