Marcellus Shale News Pulse August 2021

Posted: September 22, 2021

The Marcellus Shale | August 2021

Field Overview

The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high-demand markets along the East Coast. Most of the basin’s gas is produced through unconventional methods, while the little oil produced is mostly by conventional means. Some of the top formations include the Onondaga and the Huntersville.

State Drilling Statistics

Active Drilling Rigs in Basin- 28
Total Rigs in Pennsylvania- 19
Total Rigs in United States- 497
Total U.S. Rigs up 94% YTD

State Permitting Data
Permits Approved (PA) – 92

Marcellus Top Producers
Top Producer By BOE – EQT


Basin Highlights

Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions

The first successful deployment of an advanced electric fracturing technology was announced by Halliburton Company and VoltaGrid LLC. This is the first pad of a multi-year contract with Chesapeake Energy Corporation that includes over 140 stages in the Marcellus Shale. It combines Halliburton’s all-electric fracturing spread with VoltaGrid’s sophisticated power generation technology, which includes the Zeus 5,000 horsepower electric pumping unit. By leveraging Chesapeake’s local field gas network, this high-performing solution lowered Chesapeake’s emissions by 32% and provided over 25 megawatts of lower-carbon power generation.

Article Link

Frackers, Shippers Eye Natural-Gas Leaks as Climate Change Concerns Mount

Investors and customers are putting increasing pressure on the American gas business to prove that its fuel has a lower carbon footprint in order to sell it throughout the world. As a result, the leading gas producer in the United States, EQT Corp., and the top exporter, Cheniere Energy Inc., have teamed together to track emissions. In the Marcellus Shale in the northeast United States, the Haynesville Shale in East Texas and Louisiana, and the Permian Basin in West Texas and New Mexico, the companies and researchers plan to test drones, specialized cameras that can see methane gas, and other technologies across about 100 wells over the next six months. The purpose is to collect data on methane emissions and compare it to current estimates.

Article Link

Pennsylvania catching up with Texas natural gas production

According to a new state report, Pennsylvania’s natural gas production is closer than ever to that of the top-producing state in the country. According to the Pennsylvania Independent Fiscal Office’s quarterly natural gas production report, Pennsylvania was within 1,000 billion cubic feet of Texas’ natural gas production levels in the second quarter of 2021. This is the closest Pennsylvania has ever come to matching Texas’ output. Through May 2021, Pennsylvania produced 3,150 bcf, while Texas produced 4,118 bcf. Pennsylvania produced 3,002 bcf through May last year, while Texas produced 4,386 bcf, according to the second-quarter data.

Article Link


Operators with Most Permits in PA

RankCompanyPermits
Approved
1Cabot15
1Natural Fuel Gas14
1Olympus Energy13
1Repsol9
5EQT5
Hyperlinks to available Q2 2021 Reports

Top Producers By Gas

RankCompanyGas Production (mmscf)
1EQT823.1
2Chesapeake583.4
3Cabot477.5
4Southwestern Energy 390.6
5 Range Resources 372.2
Hyperlinks to available Q2 2021 Reports

Rig Count


PA Oil Production

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PA Natural Gas Production


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The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the following sources unless otherwise
noted:

www.eia.gov
www.drillinginfo.com
www.bhge.com
RARE Petro Analytics

Related Tags: Marcellus | News Pulse

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