March 21, 2010

So far in 2010, natural gas exploration companies have broken ground on three Marcellus Shale wells in Pennsylvania  every day, triple the pace of a year ago.

The Marcellus Shale Coalition, the industry trade group, estimates that up to 1,750 wells will be drilled this year, up from 763 last year.

At $4 million a well, that's a $7 billion investment - not counting land-acquisition costs or royalties on gas produced.

Read more from "Gas Drilling Going Deep"