Consol Energy has big plans for 2014, including ramping up the Marcellus and more exploration in the Utica shale. Nick Deluliis, president for Consol Energy, said the company has eight rigs drilling in the Marcellus shale in a joint venture with Noble Energy
Drilling is also moving full force for Range Resources. Jeffrey Ventura, president and CEO for Range Resources Corporation, said the company drilled the industry’s first horizontal well in the Marcellus and only sees growth in the future. He said the company has developed only 7 percent of the land acreage Range has leased, adding there is enough property leased by Range that could result in as many as 6,750 Marcellus shale well locations.
Experts say it’s no surprise that Marcellus activity is having such an impact on local companies. In this case, companies must buy a lot of pipe and use a lot of construction services at a drill site.
Timothy Considine, a professor of energy at the University of Wyoming in Laramie is the co-author of a major study published in August measured the economic impact of Marcellus Shale development. The study found that the natural gas industry generated $2.3 billion in economic impact in 2008 and has increased each year since.
U.S. Steel is also capitalizing on the shale drilling. The company is North America’s largest pipe maker and it is receiving orders from longtime customers for 50 miles of pipe.
Lastly, Chief and Oil Gas is one of the largest Marcellus players in Pennsylvania. They currently have around 75 people in the state working its Marcellus operations and are still looking for people everyday.