The Marcellus Shale | February 2023
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- 35 (-1)
Total Rigs in Pennsylvania- 22 (-)
Total Rigs in the United States- 749 (-11)
Total U.S. Rigs 15% YTD
State Permitting Data
Permits Approved – 74
Marcellus Top Producers
Top Producer By BOE – EQT
The recent train derailment in Ohia near the border with Pennsylvania has spurred a conversation about the development of pipelines in the area. Although pipeline building is being stalled, pipelines are still the safest route to carry oil and natural gas because of their low injury and mortality rates. Although the price of natural gas in the United States has decreased, it is now $20 per BTU in Europe and Asia, which has raised the demand for pipelines. The main means of transportation for crude oil, petroleum products, and natural gas are pipelines, which are safer than roads and trains in terms of accidents, injuries, and environmental damage.
In its 2023 State of American Energy report, the American Petroleum Institute outlines a three-pronged strategy for enhancing American energy leadership: producing more domestic energy, removing development restrictions on federal lands and waters, and utilizing the country’s abundant natural gas and oil resources. The requirement that infrastructure assessment and approval procedures be shortened in order to more efficiently deliver energy to where it is required is one of this text’s most crucial points. This comprises four natural gas development projects in Pennsylvania and the Appalachian area, which may sustain daily output of 4.6 billion cubic feet and lead to the private expenditure of $19 billion.
Operators with the Most Permits in PA
Top Producers By Gas
|Change||Rank||Company||Gas Production (MMCF) (12/22)|
PA Oil Production
PA Natural Gas Production
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