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Gas Energy

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Submitted By joiedevivre63
Words 281
Pages 2
Summary on ‘’Gas production rises in Marcellus, Utica’’

Marcellus & Utica shale that are situated in eastern United States, are seem to grow at an extensive amount. According to ICF International, a provider of consultancy and technology services to government & private industry; it is projected to grow to 34bcf (billion cubic feet) per day, which was thought to be 25 bfc per day.
Marcellus and Utica shale has numerous wells containing natural gas, natural gas liquids & oils. Recent well statistics reported by ICF International suggests greater EUR (estimated ultimate recovery) than previously reported. Marcellus projected to 6.2bcf compared to 5.2bcf and Utica 3.3bcf compared to 2.5bcf per well. Due to improved technology LNG production has eightfold and number of well drilling has increased immensely.
The Utica and Marcellus shale are regarded as high-growth areas for natural gas liquids supply in the United States. Moody’s analyst Michael sabella said, Exploration and production companies that extract natural gas from the Marcellus Shale will benefit more than natural gas producers elsewhere in North America, even if gas prices weaken. Operation at Marcellus & Utica will continue to benefit producers such as Southwestern Energy, Chesapeake Energy, and Anadarko Petroleum. specially Marcellus have been immensely productive and will continue to be productive than expected. Already new comers like MarkWest Energy Partners and Sunoco Logistics Partners are getting benefits as they complete projects.
Truth be told, the growth of Marcellus is have discouraged credit quality but there are opportunities for Marcellus producers such as Pipeline reversals and exports of liquefied natural gas for benefit. Marcellus producers will maintain to be competitive and production will get speed when all the projects hit operational

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