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As of March 2012, nearly 12,000 well permits had been issued in Pennsylvania, where the majority of Marcellus shale development is concentrated. More than 80% of these permits were horizontal. In West Virginia, natural gas drillers have completed nearly 1,600 Marcellus wells since 2006, with another 1,273 wells still in development.
Despite the boom in activity, low natural gas prices have producers that operate in dry gas areas rethinking their immediate plans. Many have curtailed drilling, awaiting better gas prices, while others are refocusing effort to wet gas areas.
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Houston, TX - November 4-5
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