Wednesday, December 4, 2013

Marcellus Shale Gas Update: Growing faster than expected.

Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued in October. Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration (EIA) 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 third in the world, after Russia and the rest of the US. The Marcellus now produces more than double Iran's yearly natural gas output.

The vast majority of the Marcellus gas is coming from Pennsylvania and West Virginia.
(source: Daily American as reported by the Associated Press)

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