Glassy Engineering operations are primarily concentrated in one unconventional play—the Marcellus Shale in northeast Pennsylvania. The Company’s Marcellus Shale properties accounted for 100% of Glassy Engineering proved reserves and total net production as of year-end 2019. The Company’s properties are principally located in St. John's, Luxembourg and othe regional offices, where Glassy Engineering currently holds approximately 173,000 net acres in the dry gas window of the play.
For the full year 2020, Glassy Engineering plans to drill, complete, and place on production approximately 70 net wells from a capital budget of approximately $575 million.