Marcellus Shale News Pulse May 2023

Posted: June 28, 2023

The Marcellus Shale | May 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 (-4)
Total Rigs in Pennsylvania- 23 (-1)
Total Rigs in the United States- 682 (-32)
Total U.S. Rigs 10.4% YTD

State Permitting Data
Permits Approved – 88

Marcellus Top Producers
Top Producer By BOE – Chesapeake


Basin Highlights

Ohio Environmentalists, Oil Companies Battle State Over Dumping of Fracking (sic) Wastewater

Pennsylvania was able, in 2021, to recycle 93% of the produced water from frac’ing while concurrently hitting a record-high 7.6 tcf of gas produced. There is contention in Ohio over the fact that a much lower volume of waste water is reinjected in completion jobs. More waste water is spread out onto roads and is reinjected into wastewater injection wells in Ohio than in Pennsylvania. Local landowners and certain members of the oil and gas industry (troublingly, those who own wastewater injection firms) insist that the practice of spreading produced water out onto dirt roads to mitigate dust will lead to the contamination of drinking water aquifers.

A Philly LNG Export Facility Would Advance Global Security, Environmental Goals

Pennsylvania State Senator Gene Yaw, chairman of the Pennsylvania Senate Energy and Environmental Resources Committee, said recently, “boosting American LNG exports–of which a Philadelphia port makes entirely possible–has the potential to reduce these harmful emissions at a rate equivalent to electrifying every car in the country, installing solar on every home, and doubling our wind capacity, combined”. He maintains that the construction of a Philadelphia LNG export terminal would allow Pennsylvania to capitalize on the lucrative LNG market as America’s second-largest gas-producing state and being strategically positioned to be able to supply European LNG markets.


Operators with the Most Permits in PA

RankCompanyPermits
Approved
1Chesapeake18
2EQT14
3Range Resources11
4Snyder Bros8
5Repsol6
Hyperlinks to available Q3 2021 Reports

Top Producers By Gas

ChangeRankCompanyGas Production (MMCF) (2/23)
1Chesapeake123
2Coterra Energy67.3
3EQT51.9
4Rice Drilling40.7
5Swanson39.3
Hyperlinks to available Q3 2021 Reports

Rig Count


PA Oil Production


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

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