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Thursday, February 3, 2011

Potter County Driller & Marathon Oil Join Forces

Triana, Marathon join forces in Marcellus Shale play
by George Hohmann
Daily Mail Business Editor

CHARLESTON, W.Va. -- Charleston-based Triana Energy announced it has joined forces with a subsidiary of Marathon Oil Corp. to develop 82,000 acres of Marcellus Shale natural gas property in Fayette County, Pa., and several northern West Virginia counties.

Triana said that under the terms of the agreement, it will drill four horizontal wells on the acreage this year to define optimal completion patterns. Subsequent development will involve systematically drilling 132 horizontal wells on 43 pads.

Triana said it currently operates Marcellus development projects in Potter, Clearfield and McKean counties in Pennsylvania and Taylor and Lewis counties in West Virginia. More....

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