Mouse Over to Stop Rotation & Read Ad

Friday, October 25, 2013

Excellent Production Numbers From Marcellus Shale Seen as a Good Sign For Utica Shale

From Columbus - Business First:
Some startling strong natural gas production numbers from the Marcellus shale play likely will be encouraging news to boosters of the adjoining Utica play in eastern Ohio.
A new report from the U.S. Energy Information Administration estimates the Marcellus play will produce 12.65 billion cubic feet of natural gas per day in November. That’s roughly 20 percent more than peak production in 2012 and more than six times higher than in 2009.
“Everyone has been a little surprised, even the people who have predicted really high production levels,” said Sam Gorgen, an analyst at the federal energy agency. “It seems like the wells have gotten a lot better and infrastructure (problems) continue to be dealt with better.”
Read that entire article here. 

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email