Marcellus Shale Play Now the Largest Gas Shale Play in World

The Marcellus Shale play is now the largest natural gas shale play in the world – with roughly $90 billion to be made tapping the play’s reserves, according to a new study by consulting firm Wood Mackenzie. The Marcellus produced roughly 15.6 billion cubic feet per day (Bcf/d) during August, about 38% of total domestic production for the month, according to data from the Energy Information Administration (EIA), which expects no slowdown to the boom in the near future, Shale Media Group learns. Wood Mackenzie predicts the top 20 operators in the Marcellus will earn nearly $86 billion over the life of the play, after costs to find the gas are subtracted. That compares to Wood Mackenzie’s estimate there’s roughly $118 billion to be made by extracting fossil fuels from North Dakota’s Bakken play, but most production from the Bakken is higher-priced crude oil compared to natural gas which dominates the Marcellus. Joseph BaronePresidentShaleDirectories.com 610.764.1232 jbarone@sha
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