Natural gas production in Pennsylvania averaged 6.1 billion cubic
feet per day (Bcf/d) in 2012, up from 3.6 Bcf/d in 2011, according
to Pennsylvania Department of Environmental Protection
(DEP) data released in February 2013. This 69% increase
came in spite of a significant drop in the number of new natural
gas wells started during the year.
Several factors contributed to the production increase, according
to the EIA. While accelerated drilling in recent years (primarily
in the Marcellus Shale formation) significantly boosted Pennsylvania's
natural gas production, increases were restricted by the
state's limited pipeline and processing infrastructure. This created
a large backlog of wells that were drilled but not brought
online. As infrastructure expanded, these wells were gradually
connected to pipelines, sustaining natural gas production increases
through 2012 despite the decline in new natural gas well
starts. Data from DEP show that a significant portion of wells
that began producing in 2012 were drilled earlier.
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I've followed this graph for a few years in the EIA weekly report. Just wait until those pipelines in headline of this weeks report come on line. Marcellus is cutting off the old Texas Eastern system from here. It's no doubt why our production falls while theirs gains. Low transport cost to a starving market. We need to chill it down for export, or convert it into gasoline near here to get a drilling rig or two back. Henry Hub might loose the benchmark trading spot in a few years.
They surpassed the Haynesville:
http://www.ogfj.com/articles/2013/03/marcellus-surpasses-haynesvill...
That is evident in the chart above. We curtail for price improvements to offset production development close to the flame. We need an outlet for Haynsville Gas. Traditional highways of transport are getting some new lanes merging into the road closer to the demand. We need an outlet to produce more in the next five years or will sit on a undefined underground storage while unit wells wisp along, except for Exco produced units.
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Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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