Natural Gas Story Keeps Getting Bigger -- Not a Bakken Story

Link here.

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