Regardless how one might precisely define these metrics, the costs going forward to bring natgas online in Susquehanna, Bradford, Washington, and Greene counties, PA, is exceptionally low.
Cabot now regularly brings new wells online that flow 300/400 MMcf per month for the first few months online. This is taking place in the northeast area.
In the southwest, the Burket, Genesee, and Rhinestreet formations, all shallower than the Marcellus, are - in the past twelve months - producing one to two Bcf first year online with very flat decline curves.
As all these new wells are drilled from established pads and delivering into existing gathering lines, the costs are down a lot from three to five years ago.