Marcellus Shale News Pulse February 2023

Posted: March 15, 2023

The Marcellus Shale | February 2023

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- 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

Basin Highlights

Speedier Pipeline Approvals Needed For Oil And Gas Transportation

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.

Solving the global energy crisis starts in Pa.

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

2Coterra Energy12
3Blackhill Energy6
4Apex Energy4
5PennEnergy Resources4
Hyperlinks to available Q3 2021 Reports

Top Producers By Gas

ChangeRankCompanyGas Production (MMCF) (12/22)
3Range Resources350
4Coterra Energy303
5Seneca Resources294
Hyperlinks to available Q3 2021 Reports

Rig Count

PA Oil Production

PA Natural Gas Production

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