Shell Touts Utica Gas Wells In Northern Pa.

Map of Pennsylvania highlighting Tioga County

Map of Pennsylvania highlighting Tioga County (Photo credit: Wikipedia)

Energy companies might have another sweet spot for gas drilling in Pennsylvania.

Royal Dutch Shell on Wednesday said two wells it drilled in the Utica shale below Tioga County are producing at levels comparable to the most successful wells in Southeastern Ohio.

“This opens a new potential for other drillers to follow Shell’s act,” said Tom Gellrich, founder of TopLine Analytics, a manufacturing consultant specializing in shale gas plays.

The energy giant drilled the wells in one of the top-producing Marcellus shale counties, north of Williamsport. But Shell’s Gee and Neal wells are tapping a formation several thousand feet below the better-known Marcellus and were drilled about 100 miles northeast of the closest producing Utica well.

Read more: http://triblive.com/business/headlines/6727554-74/wells-shell-producing#ixzz3CMn9NtUh
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Gas Production From Marcellus Shale Sets Record Despite Fewer New Wells Going Online

English: Cropped portion of image from USGS re...

English: Cropped portion of image from USGS report showing extent of Marcellus Formation shale (in gray shading). (Photo credit: Wikipedia)

Pennsylvania drillers are pulling record amounts of natural gas from the Marcellus shale even as they bring fewer new wells online, according to state data released on Monday.

About 5,400 shale wells produced nearly 2 trillion cubic feet of gas during the first six months of the year, a 14 percent increase in production over the past six months of 2013, the data from the state Department of Environmental Protection show.

Energy companies accomplished the record despite connecting fewer than 500 new wells during the period. Previous semiannual reports showed an average of 675 new wells every six months.

“We’re seeing the results of technical developments that allow much greater efficiency,” said Kent Moors, executive chair of the global energy symposium at the World Affairs Council of Pittsburgh.

Read more: http://triblive.com/business/headlines/6636073-74/wells-gas-production#ixzz3ArYHVfvS
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PA Marcellus Topped 2 Trillion Cubic Feet Of Gas In 2012

English: Cropped portion of image from USGS re...

English: Cropped portion of image from USGS report showing extent of Marcellus Formation shale (in gray shading). (Photo credit: Wikipedia)

Pennsylvania’s Marcellus and other shale wells produced more than 2 trillion cubic feet of natural gas in 2012, continuing a trend of production growth despite fewer drilling rigs in the field.

New production data reported by natural gas drilling companies and released by the state Department of Environmental Protection on Tuesday showed that 1.1 trillion cubic feet of gas flowed from unconventional wells in the state during the second half of 2012.

The wells produced an average of 6.2 billion cubic feet of gas per day between July and December, or enough to fulfill about 9 percent of the nation’s daily natural gas demand.  The U.S. consumed about 70 billion cubic feet of natural gas per day in 2012, according to the U.S. Energy Information Administration.

Read more:  http://thetimes-tribune.com/news/pa-marcellus-topped-2-trillion-cubic-feet-of-gas-in-2012-1.1447325

Liquefied Gas Exports Would Boost Growth

LNG is a commonly used acronym for liquefied natural gas, essentially natural gas that is put into liquid form, often for the purpose of transportation.

For international trade, LNG is sent in insulated tanker ships using refrigeration that keeps the liquefied natural gas at a chilly -260 degrees Fahrenheit.  Global shipments travel to receiving terminals on a daily basis where pipelines are then used to provide this clean-burning energy source to homes, schools, businesses and government buildings.  More receiving terminals are being built around the world each year.

In the U.S. there is growing debate over LNG exports, some of which could come from the Marcellus and Utica shale formations found in Pennsylvania, West Virginia and Ohio.

The Energy Information Administration estimates that in just three years natural gas supply could exceed demand, allowing the U.S. to be a net exporter of LNG.  Bipartisan support for such exports has grown to include local and national politicians; most recently, more than 100 members of the House of Representatives signed onto a letter to Department of Energy Secretary Steven Chu that asked the Obama administration for advance LNG exports without delay.

Read more: http://www.post-gazette.com/stories/business/opinion/liquefied-gas-exports-would-boost-growth-674067/#ixzz2KQCyPyV4

Oil Prices Hit Four-Month High

Oil prices hit their highest levels in more than four months on Friday, bolstered by the Federal Reserve’s steps to strengthen the U.S. economy and by anxiety about the specter of confrontation over Iran’s nuclear program.

The global oil balance is already tighter than forecasters expected just a few months ago, because of disruptions in oil output from nations outside the Organization of Petroleum Exporting Countries and by the effectiveness of sanctions against Iran, which is exporting about 750,000 to 1 million fewer barrels a day than it was a year ago.

“The story has been one of a strong stock market, a weaker dollar and continuing geopolitical events,” said Adam Sieminski, head of the federal Energy Information Administration.

He said political strife in Syria, Yemen and Sudan cut off some supplies while the latest price surge was “driven by central bank moves in both the U.S. and Europe” and by “optimism about the economy, which changes expectations about what demand will be going over the course of the next six to 12 months.”

Read more: http://www.washingtonpost.com/business/economy/oil-prices-hit-four-month-high/2012/09/14/b09829ca-fe9f-11e1-b153-218509a954e1_story.html