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Overview
Marcellus Shale is a geological formation that was formed by the accumulation of sediment into a sea. This formation was eventually buried over many thousands of years and compressed to produce an organic-rich black shale. This geological formation stretches from the Northeast to the Southwest in direction.
The Marcellus Shale has been identified as a potentially rich source of fossil fuels and the extraction of this natural gas is an economic development opportunity for Pennsylvania.
Shale gas has both given opportunity to local drilling-related companies, some of whom have sought assistance from the SBDC, but also the regional heavy equipment companies and a range of other businesses from restaurants and hotels to service and construction companies.
News
- DCED Economic Aid Targeted In Part To Marcellus Shale-Related Businesses
- In November, the University of Scranton SBDC hosted a Marcellus Shale informational breakfast to explore the opportunities related to the natural gas industry.
SBDC Expertise
The Pennsylvania SBDC has expertise in assisting entrepreneurs with their shale gas businesses:
- In the first six months of 2011, the Clarion SBDC worked with at least 49 clients that are pursuing the Marcellus Shale activity. They have secured financing of $422,000. As a result of SBDC services, there have been 16 businesses started that are serving this industry in a range of industry sectors.
- SBDC consultants traveled to Wise County, Texas, with a delegation from Pennsylvania coordinated by the Lock Haven SBDC to explore the region of the Barnett Shale, a previously-exploited natural gas formation similar to the Marcellus Shale. The four-day trip provided the consultants with valuable insights and expertise to help provide support Marcellus Shale small businesses:
Pennsylvania SBDC Shale Gas Clients
SBDC Shale Gas Services
In the regions of major drilling, the Pennsylvania SBDC focuses its services on assisting those businesses that stand to benefit most from the Marcellus Shale. The SBDCs have provided invaluable services for local entrepreneurs at a moment of great opportunity.
The Pennsylvania SBDC offer assistance for those individuals and businesses that can be found in the Pennsylvania Marcellus Shale regions. So far, the Pennsylvania SBDC has:
- Worked with more than 150 clients on Marcellus Shale activities.
- Helped generate $28 million in investments
- Provided nearly 10,000 hours of consulting services
Below is a map showing Marcellus Shale formation in Pennsylvania:
More Information
The Economic Impact of the Value Chain of a Marcellus Shale Well is a report by William E. Hefley, Ph.D., CDP, COP from the Joseph M. Katz Graduate School of Business & College of Business Administration at the University of Pittsburgh that examines the direct economic impact of a Marcellus Shale well located in Southwestern Pennsylvania.
Marcellus Shale Assistance
- Manufacturers have a great opportunity, but need the most consulting support from the Pennsylvania SBDC to successfully move their products into the Shale Gas supply chain
- The type of Pennsylvania SBDC assistance provided depends on the type of business (manufacturer vs. retail vs. service)
To learn more on how the Pennsylvania SBDC an help with your Shale Gas business, contact your local SBDC.
