There’s a New Player in the Marcellus

One of the U.S.’s largest coal-mining companies, Alpha Natural Resources, is growing its Marcellus Shale natural gas exploration operations.The Bristol, Virginia-based company said July 1, it’s buying EDF Trading Resources share of their 50-50 joint venture for $126 million. We expect drilling on the first pad to begin in the next 30 days, with an estimated four wells completed by the first quarter of next year, said Brian Sullivan, Alpha’s chief commercial officer.PLR s (the JV’s formal name, Pennsylvania Land Resources Holding) concentrated position when it entered into the joint venture in May 2013 was 12,000 net acres, which has since more than doubled. Additionally, two well pads have been constructed with a total of 14 permitted wells. Our current leasehold position gives us an immediate drilling inventory of more than 50 locations, Sullivan added.Alpha and EDF entered into the JV in May 2013 and pledged to develop more than 20,000 acres in southwestern Pennsylvania with
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