Statoil says it could drill 17,000 Marcellus wells – Utica, NY – The Observer-Dispatch, Utica, New York

A Norwegian company partnering with Chesapeake Energy says it could drill as many as 17,000 natural gas wells in Appalachia’s Marcellus shale field over the next 20 years.

Statoil ASA of Oslo made the prediction on its website. The company holds a 32.5 percent interest in Chesapeake’s holdings in West Virginia’s Northern Panhandle.

via Statoil says it could drill 17,000 Marcellus wells – Utica, NY – The Observer-Dispatch, Utica, New York.