Marcellus Shale News Pulse July 2023

Posted: September 1, 2023

The Marcellus Shale | July 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- 33 (-1)
Total Rigs in Pennsylvania- 22 (-1)
Total Rigs in the United States- 664 (-10)
Total U.S. Rigs 12.4% YTD

Marcellus Top Producers
Top Producer By BOE – Chesapeake

Basin Highlights

Chesapeake Receives A Grade for Natural Gas

The Marcellus operations of Chesapeake Energy Corporation have been recertified for its natural gas output, which during the first quarter of 2023 averaged about 4.4 Bcf of gross natural gas per day. The company received an A- from Equitable Origin’s EO100 criterion for Responsible Energy Development, which emphasizes environmental, social, and governance (ESG) performance, and an A under the MiQ methane emissions criterion. Based on methane intensity, business procedures, and the use of methane detection technologies, the MiQ standard is evaluated on a sliding A–F scale. The MiQ certification offers a validated method for monitoring Chesapeake’s dedication to reducing methane intensity across all of its natural gas assets and supports the company’s target of net zero GHG emissions by 2035.

Fracturing Protest at Ohio’s Largest State Park

Activists are attempting to enlist additional support for their campaign to ban fracking in Ohio’s state parks. They are opposing a new legislation that mandates Ohio’s public lands be taken into account when proposals to drill for oil and natural gas are made. “Make no mistake, the decision has been made without the consent of the public to whom these lands belong and against the desperate warnings of scientists that our continued exploitation of fossil fuels will send the human race to its grave,” said Aaron Dunbar, of Mid-Ohio Valley Climate Action. A law authorizing the state to evaluate requests to drill beneath state-owned property, such as parks and wildlife refuges, was signed by Governor DeWine in January. Since a 2011 law made it possible, agencies have had the power to authorize drilling projects; nevertheless, that law only said that agencies “may” lease state properties for the extraction of oil and natural gas. Now they “shall” lease it, according to the new law. Since then, a procedure for considering drilling requests on state land has been developed by the Oil and Gas Land Management Commission. Although the commission is keeping the names of the companies private, twelve have already been submitted.

Operators with the Most Permits

3Coterra Energy12
4Snyder Brothers11
Hyperlinks to available Q3 2021 Reports

Monthly Gas Production

ChangeRankCompanyGas Production (BCF)
3Antero Resources92
4Coterra Energy86
5Southwest Energy83
Hyperlinks to available Q3 2021 Reports

Rig Count

PA Oil Production

PA Natural Gas Production

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