National Fuel doubles estimates of Shale gas - Buffalo News

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National Fuel Gas Co. executives keep seeing more and more potential in drilling for natural gas on its vast land holdings in northwestern Pennsylvania.

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The Amherst-based energy company is nearly doubling its estimates of how much natural gas lies beneath the nearly 750,000 acres it controls in the Marcellus Shale region in northwestern Pennsylvania. And the company is further ramping up its plans to drill new wells in the region to tap into that pool of gas.

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The company now believes between 8 trillion and 15 trillion cubic feet of gas can be tapped on that land, and National Fuel executives said Friday that the new wells it plans to drill in the Marcellus Shale region will account for all of the projected 31 percent increase in its oil and gas production next year.

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National Fuel doubles estimates of Shale gas - Buffalo News

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This page contains a single entry by Viraj published on August 7, 2010 6:43 PM.

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