Marcellus and Utica Shales in the US, 2019 – Gas Shales Market Analysis and Outlook to 2023
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The US Appalachian Basin located in Pennsylvania, Ohio, West Virginia and New York continues to be the driver in natural gas production within the United States. During May 2019, it produced around 31 billion cubic feet per day (Bcfd) and is forecast to reach a rate of approximately 35 Bcfd by the end of 2019. The basin comprises the two main formations – the Marcellus, and the Utica. The majority of the activity in the Marcellus continues to take place in north east and south west Pennsylvania while the hotspot for the Utica is in eastern Ohio. Fracking activity in the Marcellus and Utica formations is driven by the large demand for natural gas from the nearby populated areas and although natural gas prices have experienced some volatility during recent years, Appalachian producers are generally able to sell their natural gas at a premium in trading hubs located in the North East. The competitive landscape of the Marcellus play is largely dominated by EQT Corp., the largest natural gas producer in the US, whereas, Ascent Resources LLC and Gulfport Energy Corp. lead the natural gas production in the Utica play.
Scope
The report analyzes the natural gas appraisal and production activities in the Marcellus and Utica shale plays. The scope of the report includes:
– Comprehensive analysis of natural gas production across major counties in Pennsylvania, West Virginia, Ohio, and New York during 2013–2018, as well as production outlook from 2019 to 2023
– In-depth information of well permits issued in the Pennsylvania region of the Marcellus and Utica shale, by county and by company from January 2018 to March 2019
– Detailed understanding of IP rates and type well profiles in Marcellus and Utica formations
– Exhaustive analysis of competitive landscape in the Marcellus and Utica shale in terms of net acreage, gross production, cost trends and planned investments.
– Comparison of type well economic metrics of major players were also analyzed
– Up-to-date information on major mergers and acquisitions in the Marcellus and Utica shales between 2013 and 2019
– Overview of existing and upcoming pipelines and LNG terminals in the Marcellus and Utica
Reasons to Buy
Develop business strategies with the help of specific insights into the Marcellus and Utica shales
Plan your strategies based on expected developments of the Marcellus and Utica shales
Understand the competitive landscape of the companies in the Marcellus and Utica formations
Keep yourself informed of the latest developments and contracts in these gas-rich shale plays
Identify opportunities and challenges in the Marcellus and Utica shales in the US
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