Wednesday, August 29, 2012
BENTEK’s daily natural gas pipeline nomination data reports that since July 1, Marcellus Shale natural gas production in Pennsylvania has reached more than 6.0 Bcf/d, an increase of 15% above levels recently published for the January-June 2012 period by the Pennsylvania Department of Environmental Protection (PADEP). The latest PADEP Marcellus well-level flow results were published this week and indicate natural gas production in Pennsylvania averaged 5.0 Bcf/d for January-June 2012. However, BENTEK’s comprehensive daily flow data sample reveals state production was approximately 0.2 Bcf/d higher during the same period, which is likely the result of the vertical well production volumes published only annually in the PADEP data set.
BENTEK estimates that given the drilling activity and infrastructure limits in Northeast Pennsylvania, more than 1,000 wells drilled during the past 18 months are still waiting to be brought online. This well inventory is expected to sustain natural gas production growth in Pennsylvania during the next three years and, combined with current drilling activity, BENTEK predicts a 78% or 4.7-Bcf/d increase in the state’s natural gas production by the end of 2015.
Stay current on the Northeast natural gas market with the following BENTEK reports:
• The Northeast Observer offers daily analysis of regional drilling activity in the Marcellus, supply and demand trends and basis analysis for key Northeast markets.
• BENTEK’s Northeast Production Monitor provides timely coverage of the fastest-growing natural gas plays in the Northeast, including basin-by-basin rig activity and a “Utica Watch” section.
• The Northeast Market Call provides the crucial insight needed to make forward-looking decisions on the Northeast natural gas market. This monthly report offers a three-year Northeast basis forecast through a sector-by-sector analysis of the underlying factors that drive the regional market, including production, storage and demand.
To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.