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Marcellus Shale

Marcellus Shale News

Why $90 Oil Isn’t Bringing Back the Rigs

Why $90 Oil Isn’t Bringing Back the Rigs

Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%

The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…

Infinity Closes $1.2B Utica Upstream & Midstream Deal

Infinity Closes $1.2B Utica Upstream & Midstream Deal

Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…

Antero Resources Completes $2.8B Marcellus Expansion

Antero Resources Completes $2.8B Marcellus Expansion

Antero Resources Completes $2.8B Marcellus Expansion Antero Resources has completed the previously announced acquisition of upstream assets from HG Energy II, LLC, significantly expanding its core position in…

Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank

Premium content Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank

Transaction Overview Devon and Coterra have agreed to merge in an all-stock transaction that will create a large-cap U.S. shale operator with a premier position in the Delaware…

Vickery Energy Quietly Picks Up WV Marcellus Assets from Tribune

Premium content Vickery Energy Quietly Picks Up WV Marcellus Assets from Tribune

Vickery Energy Partners, LLC (“Vickery”), a portfolio company of Quantum Capital Group, announced today that it has closed on the acquisition of Tribune Resources, LLC from Tribune Resources,…

A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It

A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It

A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…

Kimmeridge Offers $6 Billion for Ascent Resources: A Bid Lands in the Middle of a High-Stakes Sponsor Dispute

Kimmeridge Offers $6 Billion for Ascent Resources: A Bid Lands in the Middle of a High-Stakes Sponsor Dispute

What happened Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the privately held U.S. natural gas producer that is controlled by private equity…

Infinity and NOG Buy Antero's Ohio Utica Assets for $1.2B: A Vertical-Integration Utica Power Move

Infinity and NOG Buy Antero's Ohio Utica Assets for $1.2B: A Vertical-Integration Utica Power Move

Infinity Natural Resources (NYSE: INR) is making a statement in Appalachia. On December 5, 2025, Infinity announced it has signed agreements to acquire a package of upstream and…

Antero Deepens Core Inventory with HG Acquisition

Antero Deepens Core Inventory with HG Acquisition

Antero Resources (NYSE: AR) said it will acquire the upstream assets of HG Energy II, LLC for $2.8 billion in cash, plus the assumption of HG’s commodity hedge…

Marcellus Shale Top Operators (Undrilled Permits)

Company Last 12 Months
EQT Corp 59
Antero Resources 27
Range Resources Corp 15
locked 12
locked 11
locked 11
locked 10
locked 8

Marcellus Shale Drilling Permits Trends (Last 24 Months)

Marcellus Shale Well Completion Trend

Marcellus Shale Map

Marcellus Shale Rig Data: August 6, 2026

Marcellus Shale Overview

What is the Marcellus Shale?

The massive Marcellus shale is arguably the star of the Appalachian Basin plays. It is the largest and one of the deepest natural gas play in the United States, located directly under the Mahantongo and Tully Limestone formations. It also overlaps its neighboring shale to the north, the Utica. Due to its immense natural gas holdings, the area has seen a large influx of operators looking to tap into the reserves. Of all the shale plays, the Marcellus shale

Marcellus Shale Mergers & Acquisitions

Marcellus Shale Transactions By Quarter ($MM)