Thursday, May 24, 2012
Even if all rigs were taken out of the Northern Marcellus and current drilling activity ceased, regional dry gas production can grow 1.3 Bcf/d over the next 16 months. BENTEK’s Northeast Observer reveals that due to the large non-producing well inventory in the Northern Marcellus, coupled with high IP rates in the region, production in Northeast Pennsylvania can still grow from approximately 4.1 Bcf/d today to 5.4 Bcf/d by September 2013, a 31% increase that results exclusively from working off the existing backlog of 1,000 non-producing wells.
Follow BENTEK’s Northeast Observer for ongoing analysis of regional drilling activity in the Marcellus, supply and demand trends as well as basis analysis for key Northeast markets.
Key features of BENTEK’s Northeast Observer:
• Natural gas supply, demand and storage trends in the Northeast
• Natural gas production, including a breakdown of wet and dry volumes in the Marcellus and Utica, and pipeline inflows
• Northeast constraint points and weekly volume changes by market
• Basis analysis for key Northeast markets including Appalachia, New York, Boston and New England
• Prices, pipeline variable costs and price spreads for key Northeast pipeline flow corridors
ALSO AVAILABLE FROM BENTEK:
BENTEK’s Northeast Market Call offers a comprehensive and forward-looking view of Northeast basis through a sector-by-sector analysis of the underlying factors that drive the regional market, including production, storage and demand.
BENTEK’s Northeast Production Monitor provides timely coverage of Northeast natural gas rig counts and drilling activity, including five-year production forecasts for each region and basin.
To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.