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Article: Atlas Energy Continues Successful Horizontal Marcellus Shale Well Development in Fayette County, Pennsylvania and Reaffirms Production Guidance.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH -- Atlas Energy, Inc. (NASDAQ: ATLS) ("Atlas Energy" or "the Company") announced today that it has successfully drilled and completed two additional horizontal Marcellus Shale wells in southwestern Pennsylvania: one in western Fayette County and another in eastern Greene County. Both of these wells are in the high pressured, dry gas area of southwestern Pennsylvania, an area that makes up the core of the Company's 519,000 acres in the Marcellus Shale.
The Fayette County well, which is the first horizontal Marcellus Shale well drilled and completed in the county, has produced into a pipeline an average of 3.3 million cubic feet per day ("Mmcf/d") for ...