Wednesday, August 6, 2014

It’s Good to be Marcellus

The US Energy Information Administration reports that the Marcellus shale now represents 40% of US shale gas production at more than 15 billion cfd, with additional wells coming online in August. Meanwhile, oil production from the Bakken formation in North Dakota has surpassed the 1 million bpd mark. A Oil & Gas Journal article explains why Marcellus producers stand to benefit more than producers elsewhere in the US.