EOT Co. boosts Marcellus natural gas projections - WFMJ.com News weather sports for Youngstown-Warren Ohio

EOT Co. boosts Marcellus natural gas projections

Posted: Updated:

PITTSBURGH (AP) - EQT Co. has released new projections for its Marcellus Shale drilling operations in Pennsylvania and West Virginia.

The Pittsburgh energy company says in an investor presentation released Friday that wells in southwestern Pennsylvania and West Virginia are now expected to produce the equivalent of almost 10 billion cubic feet of gas over their lifetimes. That's up from previous estimates. Central Pennsylvania wells are expected to produce about 6.6 billion cubic feet.

One billion cubic feet of gas equals about 180,000 barrels of oil.

EQT says it ultimately anticipates drilling 1,080 wells over the 95,000 acres it holds in southwestern Pennsylvania. The company currently has 109 wells online, and owns drilling rights to about 560,000 Marcellus acres in the region.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comHot ClicksMore>>

  • Oklahoma restaurant shooting victims recovering

    Oklahoma restaurant shooting victims recovering

    Sunday, May 27 2018 3:11 AM EDT2018-05-27 07:11:48 GMT
    (Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...(Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed...More >>
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed bystanders.More >>
  • Teacher out of hospital after stopping school shooting

    Teacher out of hospital after stopping school shooting

    Sunday, May 27 2018 3:11 AM EDT2018-05-27 07:11:34 GMT
    (Robert Scheer/The Indianapolis Star via AP). Law enforcement officers walk outside Noblesville West Middle School in Noblesville, Ind., after a shooting on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding a...(Robert Scheer/The Indianapolis Star via AP). Law enforcement officers walk outside Noblesville West Middle School in Noblesville, Ind., after a shooting on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding a...
    Authorities say a female student wounded in an Indianapolis-area middle school shooting is in critical condition and a teacher who was also shot is in good condition.More >>
    Authorities say a female student wounded in an Indianapolis-area middle school shooting is in critical condition and a teacher who was also shot is in good condition.More >>
  • Amid anti-immigrant sentiment, some Spanish speakers wary

    Amid anti-immigrant sentiment, some Spanish speakers wary

    Sunday, May 27 2018 3:10 AM EDT2018-05-27 07:10:14 GMT
    (AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...(AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...
    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.More >>
    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms