Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

 Marcellus Shale Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EQT Corp    51
Range Resources Corp    28
Seneca Resources    20
   20
   11
   10
   4
   4

   Drilling Permits Trends ( Last 24 Months)


 Marcellus Shale - Well Completion Trend

 Marcellus Shale Map

 Marcellus Shale Rig Data : July 9, 2025


Drilling Trends from May 4, 2011 - July 9, 2025

 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

Latest Midstream Projects

Project Name Completion date Capacity (MBOPD)
Gulf Run Pipeline   - -
East 300 Upgrade   - -
ATEX Pipeline Expansion   - -
Hopedale 5 Expansion   - -
Tri-State Corridor   - -
261 Upgrade Projects   - -
Total   -
  Click Here to More Projects

  Marcellus Shale - Mergers & Acquisition

Announce Date Buyer Seller Title Value $MM
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $1,800
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $1,250
01/11/2024 Chesapeake Energy Corp Southwestern Energy Co. Chesapeake To Acquire Southwestern Energy $7,400
11/22/2022 IOG Capital LP,IOG Resources II, LLC National Fuel Gas Co.,Seneca Resources PE-Backed IOG Resources II Acquires Marcellus Non-Op ---
09/08/2022 EQT Corp Tug Hill Operating,Xcl Midstream EQT to Acquire Appalachia E&P, Midstream Assets for $5.2 Billion in Cash/Stock $5,200
09/06/2022 Sitio Royalties Corp. Brigham Minerals Inc. Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion $4,800
01/25/2022 Chesapeake Energy Corp Tug Hill Operating,Chief E&D Holdings Chesapeake Acquires Marcellus-Focused Chief E&D Holdings for $2.6B $2,600
01/05/2022 Repsol S.A. Rockdale Repsol Ups Ante in the Marcellus; Inks $222MM Deal for Rockdale Assets $222
05/06/2021 EQT Corp Alta Resources Development, LLC EQT Acquires Assets From Alta Resources For $2.9 Billion $2,925
03/23/2021 LOLA Energy Undisclosed LOLA Energy Buys Marcellus-Focused E&P with 22,000 Net Acres ---
 

  Marcellus Shale Transactions By Quarter ($MM)