Recent US EIA projections show what we already knew, but has gone unreported in the mainstream media. Marcellus and Utica are the key US growth region for shale gas. In the span of a decade, they have gone from no production to out producing all other regions in the US combined. Production of natural gas from just the Marcellus in Pennsylvania is more than all the combined production of all fields in Saudi Arabia.
Along with the natural gas comes natural gas liquids (NGLs) such as ethane, propane, butane and so on. These are useful as fuel in their own right, or in refinery blending for gasoline. They are also the feedstock and fuel for the petrochemical industry. The availability of low cost shale gas NGLs has driven a petrochemical industry boom in the US with an announced capital investment in excess of $200 billion, according to the American Chemistry Council. That is more than the capital investment in all other manufacturing sectors combined.
In up-coming blogs we will take a closer look at what the petrochemical boom means, how it stimulates additional E&P investment and the concept of a regional storage hub.
To obtain the absolute latest information about what is happening in the Marcellus and Utica, plan on attending the Appalachian Storage Hub Conference on June 6, 2019. The agenda will give you an overview of the speakers and their respective topics.
Appalachian Storage Hub Conference
June 6, 2019
Hilton Garden Inn, Southpointe
Guarantee yourself a seat register now!