Marcellus/Utica

News
June 04, 2020
Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could signal a more bullish outlook for crude prices.
News
May 28, 2020
Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, U.S. shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company.
News
May 22, 2020
Less than 20% of this year’s expected drop in overall U.S. crude output will come from shuttering existing wells, according to IHS Markit. Rather, the vast majority of the supply drop will be the direct result of canceled drilling projects.
News
May 22, 2020
Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry.
News
May 22, 2020
The smallest shale oil drillers have endured their fair share of pain in this spring’s energy collapse and, with ailing stock prices, analysts are finding it even tougher to cover the group.
News
May 22, 2020
Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay afloat.
News
May 21, 2020
After oil’s crash below zero, explorers face hefty premiums for the financial instruments they rely upon to insure against price swings. Meanwhile, they’re also unwilling to lock in future supply with forward prices for crude remaining lackluster.
News
May 21, 2020
Arindam Das discusses where energy sector companies must focus to meet capital markets' new expectations, both to survive the downturn and to act advantageously as stabilizing markets present new opportunities.
News
May 19, 2020
Overall production is seen falling by 197,000 barrels a day next month to 7.822 MMbbl, which would be the lowest since late 2018. The expected decline would have been even more dramatic if not for a downward revision to May’s output estimate in the order of half a million barrels a day.
News
May 15, 2020
A week after WTI crude settled below zero for the first time ever, analysts at JPMorgan projected that the U.S. would cut output by 1.5 MMbpd by June. Two weeks into May, production is already down by at least that much and continues to decline.
News
May 15, 2020
Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance.
News
May 14, 2020
Based on capex cuts, falling drilling rig counts, and voluntary production curtailments, the U.S. Energy Information Administration projects domestic crude production to decline through 2021.
News
May 08, 2020
Although shutting down a well can be a relatively simple process, industry executives and their engineering teams aren’t altogether sure how smoothly an idle well can be restarted.
News
May 05, 2020
A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracing new wells.
News
May 05, 2020
Shutting an oil well in 2020 is relatively easy, and can even be done with a few taps on an iPhone in some cases. Figuring out which to shut, and for how long, is the hard part.
News
May 04, 2020
The transaction includes the transfer of ~450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.
News
January 29, 2020
Edge LNG has been selected by a large producer to capture and liquefy gas from its stranded wells in Tioga County in the Marcellus basin. For the producer, this represents an opportunity to reap economic benefits on assets unreachable by pipeline.
Article
September 2019
The time has come for an Appalachian Storage Hub
Article
May 2019
The Marcellus shale Energy and Environmental Laboratory (MSEEL) is a field project conducted by the National Energy Technology Laboratory (NETL), an agency of the U.S Department of Energy. It conducts extended studies to analyze and characterize key attributes of the Marcellus in the eastern U.S., to increase production and ultimate recovery. MSEEL is one of numerous field lab projects conducted by NETL.
Article
February 2019
A cooperative thermometer has lost favor as the primary gauge for measuring the economic winds of the gas-rich Appalachian basin.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.