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Expert: State’s gas industry remains strong

September 21, 2013

The average gas well in the Marcellus Shale is producing about the three times the amount of a well in the Barnett Shale in Texas, according to an industry expert....

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(6)

eriklatranyi

Sep-21-13 6:01 AM

There was a slowdown, but only due to the low price of natural gas.

Yes, as I have reported here, production from wells is beyond estimates and reserves continue to grow.

You may not like it, but drilling is here beyond our lifetimes and the lifetimes of our children.

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BornHere

Sep-21-13 8:34 AM

It is called supply and demand. The slowdown is happening because drillers are waiting for pipelines to expand, new markets to develop and wholesale prices to rise.

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rick424

Sep-21-13 9:13 AM

Terry Engelder, now there is an Expert for sure, bought and paid for by the gas industry.

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eriklatranyi

Sep-21-13 12:33 PM

BornHere:

You are absolutely right. Much depends on expansion of pipelines to get the gas from here to other areas.

But, even after that happens, natural gas is a commodity whose price goes up and down.

When it is down, drilling slows. When it is up, drilling increases.

People in oil-producing areas are accustomed to these ebbs and flows. Texas nearly collapsed in the 1980s when oil was trading below $10 per barrel.

But, like the global warming fraudists, some want to jump to conclusions without any facts.

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rockyrocky

Sep-22-13 4:56 AM

To say that a typical Marcellus well is producing is 3X what a well in the Barnett is producing is misleading.

The Barnett has been producing for over 10 years and most Barnett wells are sleeper wells. The are spent and producing very little.

The Marcellus does not have any sleeper wells because the Marcellus is a new play.

Yes, a new Marcellus well may be producing 3X what a spent Barnett well is producing but the EUR (Estimated Ultimate Recovery) is each field will be about the same.

Pennsylvania publishes production figures from individual Marcellus wells and they are not stellar. In fact a lot of them stink. And 15-20% of drilled and producing Marcellus wells are abandoned within one year.

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Judgeandjury

Sep-23-13 10:38 AM

"Most wells have paid for themselves already," he said. "Natural gas will benefit America in the long run."

Allow me to add some reality to this article. The wells have not paid for themselves and they never will. This is because the costs are never applied. The citizens of this area are burdened with most of the costs so the individual companies never really have to pay the costs. So more accurately, the wells have already recouped the costs that have been applied to the companies. The second reality is that this natural gas will benefit a very few Americans in the long run. The vast majority will realize continuing environmental, health and boom/bust economic impacts. Regardless of what good old climate change denier Erik says. He would tell you the world is flat too if he could benefit from that lie.

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