A list produced in the S&P Report titled “How The Marcellus Shale Is Changing The Dynamics Of The U.S. Energy Industry” showing the top 15 companies who drill in the Marcellus Shale region for natural gas, based on their production of natural gas from the Marcellus.

1. Top 15 Marcellus Producers (as of 4Q11)
Marcellus Production Marcellus Production % company's
4Q11 (Mmcf/d) 4Q11 (Mmcf/d) total Marcellus net
Company Bloomberg estimate S&P estimate production acres, 1Q12
Chesapeake Energy Corp. 909.8 450.0 13% 1,780,000
Talisman Energy Inc. 622.0 429.1 20% 217,000
Range Resources Corp. 534.0 375.0 60% 900,000
Cabot Oil & Gas Corp. 460.3 300.0 50% 188,000
EQT Corp. 232.7 268.5 47% 532,000
Royal Dutch Shell PLC 213.4 213.4 1% 650,000
Anadarko Petroleum Corp. 328.0 193.0 5% 260,000
Chevron Corp. 140.3 140.3 1% 714,000
Southwestern Energy Co. 125.7 125.7 9% 187,000
National Fuel Gas Corp. 128.5 124.2 62% 745,000
ExxonMobil Corp. 102.9 102.9 1% 660,000
CONSOL Energy Inc. 173.3 70.0 16% 361,000
EOG Resources Inc. 79.1 40.0 2% 210,000
Exco Resources Inc. 74.5 40.0 7% 140,000
Rex Energy Corp. 45.5 35.0 71% 69,700
Source: S&P Report - How the Marcellus Shale Is Changing The Dynamics Of The U.S. Energy Industry
Reformatted and presented by: MarcellusDrilling.com