Geologists familiar with the Appalachian Basin have known for years about the Devonian black shale called the Marcellus. The Marcellus Shale is organically rich shale that lies nearly a mile or more beneath the surface throughout much of Ohio, West Virginia, Pennsylvania and New York. The Marcellus Shale, a "super giant" gas field, has enough resources to meet the energy needs of every American home, business and industry for an estimated 20 years, all on its own. With approximately 660,000 gross acres and 7.8 Tcfe of proved reserves in the Marcellus play, EQT is a leading player in the Marcellus Shale. EQT plans to drill 105 Marcellus and 30 Upper Devonian wells in 2016.