Marcellus and Utica Shales in the United States of America (USA) - Gas Shale Market Analysis and Outlook to 2021
Summary The Appalachia Basin which is made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the United States in 2020.Most of the production comes from the state of Pennsylvania and Ohio and partially from West Virginia.
Unlike many of the oil plays in the US Lower 48, the natural gas plays including the Appalachia Basin saw a less drastic change in production and drilling activity during the economic contraction caused by the Covid-19 pandemic.
While major oil-producing operators slashed their 2020 capital expenditure up to 50% - 60%, the top three producers in the Appalachia Basin EQT Corporation, Antero Resources, and Southwestern Energy have only cut their capital by 20%, 35% and 40%, respectively. This region averaged 32.19 billion cubic feet of natural gas per day (bcfd) and 33.44 bcfd in 2019 and 2020, respectively.
Scope The report analyzes the crude oil and natural gas appraisal and production activities in Marcellus and Utica Shales play in the US.
The scope of the report includes - - Comprehensive analysis of natural gas and crude oil historical production and short term outlook of Marcellus and Utica shale plays during 2019-2021
- Detailed information of impact on well development, permits and deals due to COVID-19 pandemic
- In-depth information on net acreage, operational performance and financial standings of major operators in Marcellus and Utica shale plays
- Analysis of top companies’ future plans and cost trends in 2020
- Up-to-date information on associated infrastructure and major mergers and acquisitions in Marcellus and Utica shale plays between 2018 and 2020
Reasons to Buy - Develop business strategies with the help of specific insights into Marcellus and Utica shale plays in the US
- Plan your strategies based on economic viability and expected developments in Marcellus and Utica shale plays
- Keep yourself informed with the latest M&A activity in these shale plays
- Identify opportunities and challenges in Marcellus and Utica shale plays
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