Alcoa Wins Pennsylvania Energy Contract
Alcoa (NYSE: AA) announced today that Alcoa Oil & Gas was awarded a contract from Pennsylvania General Energy (PGE) to produce 3,500 feet of aluminum alloy drill pipe for gas drilling in the Marcellus Shale formation of Central Pennsylvania. Alcoa's 4.5” drill pipe will extend the reach of the carrier-mounted drilling rig used on natural gas wells in the Marcellus Shale formation to a total depth of approximately 7,500 feet. This is 1,000 feet deeper than conventional steel drill pipe can penetrate without using larger, more costly rigs.
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