Expanding Marcellus Activity Defies Gas Prices
Despite gas prices circling around $4/Mcf and intense environmental scrutiny, Marcellus shale activity continued to grow rapidly last year, with a near doubling in the number of wells drilled and high permitting rates indicating a further activity surge to come. As in other US shale plays, there has been a move toward more liquids-rich windows; liquids production in the Marcellus actually quadrupled in 2009, and producers snapped up acreage with high prospectivity for NGLs with voracity last year.
Log in to view this article.
Not yet a subscriber? Find out more and subscribe today!
Already a subscriber but don’t have an online account? Contact our customer service.
*Access will be granted the next business day.
Connect with World Oil
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More
- Shell joins Exxon with $1 billion Brazil exploration setback (5/16)
- James Fisher AIS expands global footprint to meet energy sector digital twin demand (5/16)
- APICORP appoints Khalid bin Ali Al-Ruwaigh as new CEO (5/16)
- Angolan leader urges Africa to avoid hasty end to fossil fuels (5/16)
- UK North Sea eyes chance of revival in energy crisis (5/16)