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Page added on July 27, 2015

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Gas Production Triples in Two Years

Production

The Marcellus and Utica shale natural gas fields continue sizzling in the Northern Panhandle, as West Virginia Geological and Economic Survey statistics show drillers pumped nearly three times as much natural gas in the region during 2014 compared to 2012.

Once the Dominion Resources Cove Point liquefied natural gas export facility opens in Maryland – and the Dominion Atlantic Coast Pipeline and the EQT Corp. Mountain Valley Pipeline systems open – production numbers across Ohio, Pennsylvania and West Virginia should increase again, according to West Virginia Oil and Natural Gas Association Executive Director Corky Demarco.

“Over those couple of years, we added a bunch of pipelines. There were wells drilled, but because of the lack of pipelines, we weren’t getting the gas to market,” Demarco said. “Now, with more pipelines, we can get it where it needs to go.”

In 2011, Ohio County’s natural gas production, via three traditional vertical wells, came in at 84,000 cubic feet. The total jumped to 2.7 billion cubic feet in 2012, according to the survey. However, by 2014, the Ohio County total skyrocketed to 33.5 billion cubic feet.

All active horizontal shale wells in Ohio County are now operated by Southwestern Energy Co., after that firm paid $5 billion to acquire Chesapeake Energy’s West Virginia assets last year.

A similar boom is taking place in the three West Virginia counties south of Ohio – Marshall, Wetzel and Tyler. In Wetzel County, for example, where natural gas production has been strong for several years, energy companies extracted 63.7 billion cubic feet of natural gas in 2012. By the end of last year, the total had reached 165.1 billion cubic feet.

Fact Box

PRODUCTION RISING

County 2012 2013 2014
Ohio 2.7 22.5 33.5
Marshall 48.5 74.6 93.6
Wetzel 63.7 118.5 165.1
Brooke 0.001 7.9 12.5
Tyler 8.9 20.9 42
Hancock 0.01 0.006 0.01
Total 123.8 244.4 346.7
Figures are in billions of cubic feet.

One billion cubic feet can power 559 round trips to the moon, or 85,000 road trips across the country, according to Cabot Oil and Gas.

In addition to Southwestern, drillers featuring lucrative wells in Marshall, Wetzel and Tyler counties include Chevron, Magnum Hunter, Antero Resources, Gastar Exploration, Stone Energy, American Energy Partners, HG Energy, Noble Energy, Consol Energy, and others.

Brooke County’s production also has taken a steep upward trajectory. From 2009-11, the county produced no natural gas. In 2012, the total was 1.4 million cubic feet. Last year, that rose to 12.5 billion cubic feet.

Although Mountain State natural gas yields continue increasing, Demarco said this will likely “level off” soon. According to the New York Mercantile Exchange, the price for a 1,000-cubic-foot unit of natural gas is now around $2.80. This is less than half the selling price for the same unit in March 2014.

“It’s an issue of supply and demand. Right now, there is an oversupply, particularly in the Appalachian Basin,” Demarco said of the region home to both the Marcellus and Utica plays. “But with the downturn in price, we can catch up with some of the pipeline construction.”

theintelligencer.net



13 Comments on "Gas Production Triples in Two Years"

  1. shortonoil on Mon, 27th Jul 2015 8:10 am 

    “World natural gas production increased by 1.6% in 2014 below its 10-year average of 2.5%, four times the growth rate of global consumption (+0.4%)”

    http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/review-by-energy-type/natural-gas/natural-gas-production.html

    NG production has increased in the US as a result of shale production; it has decreased in every other country in the world! The US now has to reconcile the $1 trillion in debt that increase has cost it. It is likely that it will find that after the principal comes due, and the interest is added in, that it would have been better off leaving it in the ground.

    http://www.thehillsgroup.org/

  2. Quintard on Mon, 27th Jul 2015 9:45 am 

    Short,

    Bullshit !

    NG production is increased in America (total),ME and Asia Pacifica, watch your link !!!

  3. Quintard on Mon, 27th Jul 2015 9:56 am 

    Short and others

    Download BP statistics in a Short link

  4. Davy on Mon, 27th Jul 2015 10:33 am 

    NOo, quit the quintard BS sockpuppet games. What is wrong with you these days? Has the impending meltdown got you spooked?

  5. Quintard on Mon, 27th Jul 2015 10:51 am 

    Davy,

    Shut up joke I’m French

    Short

    Do you explain an increase in NG production in non-LTO countries please

    Ps : my post is for you not davy or other jokes paranoids

  6. Davy on Mon, 27th Jul 2015 12:34 pm 

    Quintard retard short will likely not answer a sock puppet. You got the NOo MO all over your stupidness. What a Pussy

  7. coffeeguyzz on Mon, 27th Jul 2015 9:25 pm 

    Quintard

    You may be wasting your time trying to get any valid data/replies from shorty.
    I’ve engaged him a few times in the past when he has posited some extremely dubious statements.
    It’s apparent that he is clueless about a great deal of the shale operations, but, with few exceptions, most folks on this site are not especially knowledgeable either.
    That allows Mr. short to repetitively say ‘thermodynamics’ and he will be not taken to task for his inaccuracies – such as what you pointed out with his link.

    Kinda funny and sad at the same time.

  8. Jimmy on Mon, 27th Jul 2015 11:40 pm 

    http://www.bp.com/content/dam/bp/pdf/Energy-economics/statistical-review-2015/bp-statistical-review-of-world-energy-2015-full-report.pdf

    Page 22 states NatGas production by country and % of increase or decrease from 2013 to 2014. I’d say Short and Nony/Marm/Quintard (or whatever he wants to be called) are splitting hairs.

    Global production is up slightly on the back of USA and Canadian production increases. Most everywhere else is flat to slightly up or down. Nony/Marm/Quintard is being pedantic, except when it suits him, as usual.

    What I find interesting is the case for Egypt. It ceased to be an oil exporter around 2010. It will no doubt cease to be a NatGas exporter in 2015. Production is on page 22 and consumption is on page 23. Once Egypt ceases to export NatGas they will have not much of anything to export at all.

  9. Quintard on Tue, 28th Jul 2015 3:06 am 

    Coffeeguyz you are right

    Jimmy
    I’m not pedantic

    Short write “Natgas production is up only in North america” WRONG

    You Jimmy listen your link

    For Egypt you are right

    For change in production you are right with a little up and down in a lot of countries and wrong : in a lot of other countries a change in production exceeds the percentages US and Canadian

    A world natgas production is up with a north America, Asia pacifica and ME production this is in your link page 22

  10. Jimmy on Tue, 28th Jul 2015 6:12 am 

    It may exceed in percentage but it doesn’t exceed volume. A tiny producer that’s up 50% is no big volume where as Canada or USA being up a few % can be a lot of gas. I’m interested in volume. Iraq is up 6.4%- from 1.2 to 1.3 billion cubic meters. Big whoop. USA is up 6.1% (less than Iraq!! LOL)- from 689 to 728 cubic meters.
    Emphasizing the increase in % while not mentioning the piddly volumes in most parts of the world is being pedantic lol.

    Cheers Nony/Marm.

  11. Quintard on Tue, 28th Jul 2015 6:25 am 

    Jimmy

    1) I speak percentages but for a volumetric production you are right, jimmy write Short, he is a liar (ng production up only in US and Canada with LTO :wrong, BP statistics proved)

    2) I’M NOT NONY OR MARMICO SHIT !!!

  12. rockman on Tue, 28th Jul 2015 6:46 am 

    Wow! Percentages up…percentages down. X produces more than Y but both produce a lot/very little NG. All so interesting. LOL.

    The Marcellus has truly been a gift to the US consumer from Mother Earth: from insignificant to almost 20% of US NG production. Bu as great as that might be the US is still a net NG importer. Not by much but an importer still. And whether global production has increased or not isn’t nearly as important as the inability to get it from many of the fields to the end users. And then layer on top of that the political drama such as the Russia/Ukraine and Iran situations.

    But don’t let me interrupt the debate. I forget…who was on first? More important: other then protecting one’s ego who really gives a sh*t? LOL.

  13. Davy on Tue, 28th Jul 2015 6:51 am 

    Quintard = retard = NOo/Marmi

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