Reports: Marcellus becoming No. 1 U.S. natural gas fieldTim Stuhldreher
Natural-gas production in the Marcellus Shale is overtaking the Haynesville Shale to lead the U.S. in volume, according to the latest data.
Marcellus Shale drillers in Pennsylvania and West Virginia extracted 7.4 billion cubic feet per day in July, the Associated Press reported, citing an analysis by Denver-based firm Bentek Energy. Production in the Haynesville Shale, which has been trending flat for months, stood at 6.92 billion cubic feet per day in May, according to U.S. Energy Information Administration data reported by Bloomberg.
Despite historically low prices, another billion cubic feet per day of natural-gas production is expected to come online in the Marcellus by the end of the year, Bentek said. About 1,000 wells have not begun production, because the pipeline infrastructure to carry their gas to market won't be finished until the fourth quarter this year, the firm said.
Meanwhile, the Energy Information Administration singled out Pennsylvania in a report released this month on U.S. oil and natural gas reserves.
The nation's natural gas proved reserves increased by 12 percent to 317.6 trillion cubic feet from 2009 to 2010, the period covered in the report, the agency said.
"Pennsylvania's proved natural gas reserves more than doubled in 2010, contributing about one-fifth of the overall U.S. increase," the report said.