Statoil ASA and Chesapeake Energy project that they could drill as many as 17,000 natural gas wells into the Marcellus Shale over the next twenty years. More in the West Virginia Gazette.
The successes of 2010 in the Eagle Ford Shale will probably make it one of the fastest growing oil and gas targets of 2011. Shell, BP, Statoil and CNOOC have all made major acquisitions in the Eagle Ford. More at FuelFix.com.