This drilling rig near Smethport, Pa., is putting in six wells at this pad site being developed by Seneca Resources, an affiliate on National Fuel Gas. Here it has finished drilling down about 6,000 feet and has moved into the horizontal phase of boring. It will cost about $7 million to drill this well - a total that does not include costs such as land and mineral rights acquisition, site prep and fracking.
Thursday, June 26, 2014
Video: Marcellus drill rig in action
This drilling rig near Smethport, Pa., is putting in six wells at this pad site being developed by Seneca Resources, an affiliate on National Fuel Gas. Here it has finished drilling down about 6,000 feet and has moved into the horizontal phase of boring. It will cost about $7 million to drill this well - a total that does not include costs such as land and mineral rights acquisition, site prep and fracking.
