The Marcellus Shale’s Natural Resources
David Lawrence is a veteran of the oil, gas and energy industry who has previously served as a keynote plenary lecturer for the American Association of Petroleum Geologists and whose career includes multiple executive roles with Royal Dutch Shell. After his time at Shell, David Lawrence was named to the board of directors at Stone Energy, where he serves on the audit and reserves committee and is Board Liason on strategy and restructuring options.
Based Lafayette, Louisiana, Stone Energy is an exploration company in the oil and natural gas sector. The business includes offices across the United States, from New Orleans to West Virginia, as well as operations in the Gulf of Mexico and the Appalachian basin.
The Appalachian basin includes the Marcellus Shale, a black shale formation located in the northeastern United States that extends from southern New York into Ohio, Kentucky, and Tennessee. The shale covers numerous natural gas deposits, estimated at 2,500 trillion cubic feet of resources spanning 20 million acres. The depth of the shale ranges widely, rising above the ground in some spots and in others extending downward to 8,000 feet deep. Today, the region is one of the top areas to being targeted for natural gas resources through horizontal drilling and hydraulic fracturing.