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Facts & Rumors 12 August 28, 2012

With the Labor Day weekend approaching, there has not been much information forthcoming about the industry.  The rig count continues its slow decline.

The latest facts and a rumor from the Marcellus and Utica Shale

  • Marcellus Shale gas production has doubled the first 6 months of 2012 versus first 6 months of 2011.  More than 2,700 actively producing Marcellus Shale gas wells exist in Pennsylvania, with the highest concentration in Washington and Greene counties in the state's southwest corner and Tioga, Susquehanna and Bradford counties along the northern tier, according to DEP.  At the midpoint of 2011, about 1,600 wells were producing gas in the commonwealth, a figure that climbed to more than 2,200 by the end of last year.
  • Rex Energy is focusing its effort in Butler County, PA.  It has 4 wells; two (2) in the Utica and two (2) in the Upper Devonian Burkett Shale.
  • PA Governor Corbett is directing DEP to issue environmental permits more quickly.
  • The CO2 emissions in the U.S. are at their lowest levels since 1992.  Many attribute this decline to the switch in power plants from coal to natural gas.
  • Hilcorp in OH is disappointed that wells drilled so far are hitting “dry gas” and not “wet gas” (Rumor)
  •  Baker Hughes Rigs count for the August 24 reporting week.  Rigs are declining in PA and they continue to inch up in WV
    • PA Marcellus 62 rigs – down 2 from the previous week.
    • PA Utica 4 rigs – no change
    • Ohio Utica 17 rigs – down 2
    • WV Marcellus 27 rigs – down 1


Call us to give your business a strong presence on the well site, on the pipeline and on the road.

Joe Barone jbarone@shaledirectories.com 610.764.1232
Vera Anderson
vera@shaledirectories.com 570.337.7149

Penn State
Natural Gas
Utilization Workshop
September 6-7
Penn Stater University Park
 
This year’s conference will address critical efforts underway to increase the utilization of natural gas and the natural gas liquids being generated from the shale gas play that is sweeping the nation:

Day 1 (September 6th) Transportation

Day 2 (September 7th) Natural Gas Liquids (NGLs) & Conversion Technologies

Day 2 “Deep Dive” into Transportation

Workshop for those interested in what is occurring in the State of Pa related to Natural Gas Refueling Infrastructure and Vehicles. All aspects will be addressed by a panel of experts. This workshop is designed to answer the questions attendees have who are considering purchasing natural gas vehicles or converting vehicles to run on natural gas, or are considering installing natural gas refueling infrastructure.

Sponsorship and Exhibit Opportunities are Available.

To Register Click Here: Natural Gas Utilization Conference

For questions, please contact Matt Henderson at mwhenderson@psu.edu

DUG Technology