Posted October 23, 2013
Marcellus Shale Gas Growing Faster than Expected
Wall Street Journal: PITTSBURGH — Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday.
Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.
For perspective, if the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. The Marcellus now produces more natural gas than Saudi Arabia, and that glut has led to wholesale prices here that are about one-quarter of those in Japan, for example.
Read more: http://on.wsj.com/1cedUYl
More industry news:
- Petroleum Engineering Tops Georgetown University List of College Majors with Highest Earnings: http://n.pr/HbuSZi
- Report: Eagle Ford and Bakken are Fastest-Growing Producers: http://bit.ly/1ceeh52
- North America Leads the World in Production of Shale Gas: http://1.usa.gov/1bX88pK
- Exporting American Natural Gas Boosts Economy and National Security: http://bit.ly/16vKz3z
- Downtown Marietta, Ohio, Gets Facelift Thanks to Shale: http://bit.ly/HfjWtZ
- Video: Experts Discuss Natural Gas Market: http://bloom.bg/HbvsGx
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.