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The Marcellus Shale is being drilled by some of the Best Energy Companies in the USA.  While the Marcellus Shale is still in its infancy, stocks of these companies will continue to rise from positive well results in the future.  Here is a list of Marcellus Shale Stocks.  Many of these companies are hiring workers to complete their projects.  If you are looking for a job related to the Marcellus Shale Natural Gas Field, Look Here!

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Chesapeake Energy ( CHK ) - Chesapeake Energy CHK is the largest driller in the Marcellus Shale formation - ( From Seeking Alpha ) - CHK Marcellus Shale Results 2009:  We've mentioned how well we've done in Northern West Virginia. We just took our first well in the Northeastern PA, our first horizontal well in Northeastern PA to sales. That well's in Bradford County. It's a very impressive well and we're not going to discuss rate at this point, but I think we have two rigs up there right now - three rigs in Northeastern PA. And again, we're drilling right along a couple of pipelines up there. We'll have more information as the year rolls on, but at this point we'd prefer to keep flow rates to ourselves.  Chesapeake is also drilling in the Barnett Shale,  Haynesville , Fayetteville Shale.   More on CHK

Anadarko Petroleum ( APC ) -  Anadarko APC is another large Marcellus Shale operator - ( From Seeking Alpha ) - We reached total depth objectives in our first two wells in Marcellus shale, in Central Pennsylvania. The core data is being analyzed with encouraging results today.  We expect to track and complete these wells during the third quarter. We hold 50% interest in approximately 625,000 gross acres in this play, one of the largest acreage positions in the area.  Marcellus Shale looks like a fabulous reservoir so far but these things take time to put in place and the service industry isn't equipped yet to be there in a big way. The pipeline infrastructure while it's there in parts and in some ways has to be enhanced significantly and I just don't think it happens as quickly as everybody is fearing it might from the standpoint of being bearish about gas prices. That's just our view.  More on APC

XTO Energy ( XTO ) -  XTO Energy is an active driller in the Marcellus Shale play with the purchase on Linn Energy - ( From Seeking Alpha ) - The next acquisition we announced was the Marcellus acquisition from Linn in April, $600 million acquisition. That's added 150,000 net acres in the Marcellus. We talked about the Marcellus and Bakken being two big shale basins we would like to hit in during the year that we were not in '07. And in addition, adding to our Woodford, Fayetteville and Barnett positions as we went through the year, this Linn acquisition was a nice start. And the Marcellus, if you look at where the acreage is, it is in Southwestern Pennsylvania and the northern part of West Virginia, which right now is where many of the good wells are being drilled by some of our outside operators - XTO energy has a total of 280,000 acres in Marcellus Shale -  Well, let's talk about Marcellus first. Yes, there are going to be some issues with water handling and disposal and so forth. I think the industry obviously with the potential of Marcellus figure that out. Maybe it will take some time and you will have to get the people in Pennsylvania and West Virginia used to what you're doing. In addition, for take-away capacity out of there, sure that's going to be an issue, but again it has more wells that are completed. I think you'll get people lend big pipe and take away. It will take some time, it's really spread out. It's 3 million acres is where Marcellus resides, so it's a really big area. The hot spots will probably be kind of in different areas and so we'll take a single pipeline like it does out of Barnett Shale to actually unload the gas.  The Marcellus Shale is a 5 year type gain before you see it really taking off.  And so you know us, we'll be able to gain Marcellus acreage as we see the core areas. More on XTO

Exco Resources ( XCO ) - Exco Resources XCO has 400,000 acres in the Marcellus Shale formation, with most they think are in the core area of the Marcellus Shale natural gas field.  We will high grade our Marcellus acreage in preparation for a 2010 program.  What our guys are doing there right now is looking at the broad acreage position we have, nearly 400,000 acres, some 250,000 acres is what we’ve defined as the core which is 100 feet or more of thickness and geologically over pressured. In the Marcellus shale, the first two wells had shorter laterals, I’ll mention that in the third quarter, these are the same two wells we talked about earlier. We still feel like the results from single stage and four stage fracs are very encouraging. We are going to continue to drill in the same area where these first two wells were in central Pennsylvania and we did acquire some 3D seismic that’s going to help us with our geological characterization, our reservoir descriptions. We’ve also drilled two horizontal wells in northern West Virginia with better lateral links and we’re planning four and seven stage completions there and that will be completed late March, early April.  More on XCO

EOG Resources ( EOG ) - EOG Resrouces ( EOG ) on the Marcellus Shale - ( From Seeking Alpha ) -  In the Marcellus we have 220,000 net acres, are operating one rig and we will have some results by year-end. If the Marcellus works this will be a very slow developing play in the macro sense because of the major infrastructure issues. I'd estimate the Marcellus, if it works, would not contribute meaningfully to the macro domestic gas supply picture until 2012 plus. More on EOG

Penn Virginia ( PVA ) - Penn Virginia PVA is drilling a test well in Marcellus Shale West Virginia - ( From Seeking Alpha ) - A Marcellus test in West Virginia, not Pennsylvania, is still awaiting completion and under evaluation.  In Appalachia, during the second quarter, we drilled some more of these Horizontal CBM wells, to be specific 3.3 net, all of those were successful. We drilled that Marcellus Shale exploratory well and that's in West Virginia not in Pennsylvania or New York and we don’t know yet what it’s going to tell us. We’re testing that as we speak.  Appalachia production was actually down compared to a year ago quarter and up a little bit over the first quarter of this year. We had some permitting issues that slowed down the drilling activity in the fourth quarter of 2007 and earlier this year. We think a lot of that’s behind us now, we’ve got an inventory of permits that should allow us to go forward running three rigs and maybe four there to be determined.   And finally in the East, in the Marcellus in Pennsylvania and New York, we have around 21,000 acres.  More on PVA

Range Resource ( RRC ) - Range Resources RRC is a major driller in the Marcellus Shale play - ( From Seeking Alpha ) - We are currently working through our budget process for 2009, but at this time, we are estimating running up to six horizontal rigs in the Marcellus Shale and our expectation is that we will exit 2009 at 80 million to 100 million per day net to Range. The fact that we believe that we can reach 80 million to 100 million cubic feet per day net, and only have to run five or six rigs, speaks to the excellent quality of the wells that we are drilling and anticipate to drill next year. This is on par with the better areas in the Barnett Shale.
We believe that the Marcellus Shale has excellent economics. Previously we've stated that we are estimating reserves per well to be 3 to 4 Bcfe in the areas that we are drilling, and the cost to drilling complete in the development mode to be $3 million to $4 million per well.
Our acreage position in the Marcellus fairway now stands at 900,000 net acres which equates to more than 15 to 22 Tcfe of net unrisked resource potential. Of that, 10 to 15 Tcfe are located in the southwest part of the play with the remainder in the northeast. Range's net cost per acre for the 900,000 net acres is $404 per acre. We also plan to pursue the Utica Shale.
RRC 2009 Update on the Marcellus Shale: In the past, I've stated that the average reserve expectation across our acreage position is in the three to four bcfu range. To day, our average well has been about 4.4 bcfe which is above the top end of that range. I must caution that more wells and more production are necessary to determine what the actual number will be. We're still very early in the development of this play. For now, I'm still comfortable with the three to four bcfu range for the expanse of our acreage.  In the southwestern part of the play we have approximately 550,000 net acres. To date we have drilled and complete 108 wells in this area. 46 of these wells are horizontal wells and all were successful excluding the initial science wells.  The distance between our northern and southernmost horizontal Marcellus shale wells in southwest Pennsylvania is 40 miles. The distance between our eastern and westernmost horizontal shell well in southwestern Pennsylvania is 41 miles. Within this box we have 173,000 net acres or 32% of our 550,000 net acres in the part of the play.  I think we said that earlier. We're going to start drilling in Lycoming County.We have nice acreage position from Bradford down into Lycoming and into some of the other counties there. We haven't specifically put it all out, but 350,000 acres is a big position. And again, we're offsetting some excellent, the best vertical wells that I'm aware of in the entire play which is our well. More on RRC

Equitable Resources ( EQT ) -  Equitable Resources EQT has a nice position in the Marcellus Shale - ( From Seeking Alpha ) - On the Marcellus, as you know, we have 400,000 acres in the high pressure Marcellus play. So far we've spud 13 wells in this play, 4 horizontal and 9 vertical. We've turned inline seven of those wells. Two horizontal wells, one is in Greene County, one in Doddridge County West Virginia, the 30-day IPs are 1.3 to 2 million cubic feet per day and the costs are expected in the Marcellus, the horizontal to be $3 million to $4 million.
Five vertical wells have been drilled, one in Wetzel and Doddridge County West Virginia, Lewis County, West Virginia, and Ritchie County, West Virginia; and Gilmer County, West Virginia. Three wells have 30 day IPs and those are averaging about a 0.5 million cubic feet per day.
The first well costs $2 million. First vertical costs $2 million, the next two costs about $1.3 million, so we're getting a pretty good learning curve there.  So as we mentioned last time, we're continuing to be encouraged by this play and by the end of '09, we plan to drill at least 75 Marcellus wells.
As we mentioned in the release we are experimenting with air drilling in the Marcellus, we've done it twice.  More on EQT

CNX Gas  CXG -  CNX Gas has 180,000 acres in the Marcellus Shale formation: ( From Seeking Alpha ) -  On the Marcellus Shale, your first horizontal well, $6 million, what do you expect going forward to average or what do you think in terms of doing a completion cost for Marcellus horizontal? We now have the second well drilled and it looks like it’s going to come in around $4.5 million so we think it will improve.  As I said, preliminarily, they look very favorable, and then once we’ve got a feel for what the economics are, then we start to pick specific locations within our 180,000 plus acres of Marcellus which will allow us to not only drill those wells and get great economic production rates but more importantly get them tied into the sales meter so we can start generating some revenue. More on CXG

Cabot Oil & Gas ( COG ) - Cabot COG has been very active in the Marcellus Shale recently. ( From Seeking Alpha ) - The Marcellus Shale play in Pennsylvania has become our focus for the future in this region. We kicked off our program in this play in earnest in 2008 where we had been very active drilling, laying pipeline and moving equipment into our Susquehanna project area. We have leased over 150,000 acres in our play to-date and continue to expand our leasehold effort, although currently at a slower rate.  The 2009 Marcellus Shale program will be a total of 60 wells made up of 30 horizontals and 30 verticals. We currently have five rigs running in the area and plan to max out at about eight rigs. We are able to expedite the drilling by having several smaller rigs drill the pilot holes, the vertical portions of our horizontal well, set casing and then move in larger rigs to drill the horizontal leg on mud.  Cabot Oil & Gas is very active in the Southwest Pennslyvania area. More on COG

Rex Energy ( REXX ) - Rex Energy is active in the Marcellus Shale Formation - ( From Seeking Alpha ) - on the acreage number, I anticipate ending this year at about 70,000 net acres, so really right where we had forecasted to be. In terms of where that acreage is, what I anticipate is in Clearfield than Centre Counties that project area for us being somewhere around 29,000 net acres there and about 18,000 net acres in Westmoreland County. In Butler, really staying about where it is right now, I think the net there is still about 13,000 acres or so. So that’s where that capital is going. We have essentially ceased leasing about a month ago. We still have some land men out working on rights away and things like that but our leasing program has really winded down. In terms of where we are drilling next year, our plans are to begin in Westmoreland County where we have enough market capacity to immediately put wells in the line as we drill them. We don’t anticipate having any liquids issue there. I think even with the flow rates from our two wells, we can verify that. So that’s where our horizontal program will start in the first half of the year then in the second half of the year we will move the rig to Clearfield and Centre areas

Southwestern Energy ( SWN ) -

Unit Corporation ( UNT ) -

Talisman Energy ( TLM ) -

Atlas Energy Resources ( ATN ) -

Carrizo Oil & Gas ( CRZO ) -

Petroleum Development ( PETD ) -

Dominion Resources ( D ) -

Marathon Oil ( MRO ) -