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Marcellus shale production hits record high

J.D. Prose |  Beaver County Times

For the first time, natural gas production in the Marcellus shale has surpassed 15 billion cubic feet per day, the U.S. Energy Information Administration reported Tuesday.

Even with July’s record-setting pace, EIA’s monthly Drilling Productivity Report estimates that production will increase by 247 million cubic feet per day this month. The EIA said “production from new wells is more than enough to offset the anticipated drop in production that results from existing well decline rates.”

Production in the Marcellus since 2010 has steadily increased from 2 billion cubic feet per day, EIA reported. Marcellus now accounts for 40 percent of domestic shale gas production.

The Haynesville shale region, which encompasses portions of east Texas, northwestern Louisiana and southern Arkansas, was second in daily production with 6.7 billion cubic feet per day, closely followed by the Eagle Ford region in Texas with 6.4 billion cubic feet per day.

Related: Marcellus breaks production records – again

Rising Marcellus production has led to below-market prices in the Northeast, the EIA reported, citing prices in the Dominion South trading point in southwestern Pennsylvania.

Production has exceeded demand for natural gas in the winter in Pennsylvania and West Virginia the last few years, but it is now anticipated to also meet demand in those two states as well as New York, New Jersey, Delaware, Maryland and Virginia.

And, production has surpassed pipeline capacity in the region, the EIA said, resulting in “multiple pipeline expansion projects” to relieve “bottlenecks” in the Marcellus.

 

4 comments

  1. The title of the article is:
    One CEO thinks Marcellus-Utica comes out on top

    Nothing in this article quotes any CEO.

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