Talisman’s Marcellus shale play is located in New York and Pennsylvania. Talisman’s main area of focus is in Pennsylvania, which remains a major area of investment in 2012. The Company exited 2011 with fourth quarter production averaging 486 mmcf/d, up from 272 mmcf/d in the fourth quarter of 2010, with significant improvements along the way in the cost per hydraulic fracturing stage. The Company now holds 217,000 Tier 1 net acres in Pennsylvania.
The majority of Talisman’s Marcellus wells for 2012 have been permitted, and the Company has secured sufficient egress capacity, water access and disposal for its 2012 plans.
