•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    ICF: Marcellus, Utica shale gas production continues to grow

    ICF International

    ICF International (NASDAQ:ICFI), a provider of consulting services and technology solutions to government and commercial clients, has announced its second-quarter 2014 Detailed Production Report. The report provides a complete outlook for US and Canada natural gas, natural gas liquids (NGL), and oil production through 2035.

    The Detailed Production Report contains many findings that will be of interest to oil and gas producers, field services companies, and the investment community. Some projected trends from the current report:

    Gas production for the Marcellus and Utica shale plays is projected to grow to 34 billion cubic feet (Bcf) per day by 2035, compared to 25 Bcf per day projected in the first quarter 2014 Detailed Production Report. Utica wells are “more gassy” than initially expected; therefore, gas production growth from the Utica wells is expected to be much greater.

    Improvements in drilling and hydraulic fracturing technology continue to increase estimated ultimate recovery (EUR) per well. Recent well statistics reported by producers suggest that newer wells have longer horizontal laterals and more fracture stages. However, gas EUR in Marcellus is projected to average 6.2 Bcf per well compared to 5.2 Bcf per well in the last quarter Report, and the gas EUR in Utica is projected to average 3.3 Bcf per well compared to 2.5 Bcf per well in the last quarter Report.

    Resource recovery is expected to be higher than previously projected. Current inter-lateral distance ranges between 1,000 and 1,500 feet, but new pilot tests show 500 to 750 feet between laterals.

    ICF experts also project more well completions because of improvements in the number of wells drilled per rig. The number of gas well completions is projected to average about 2,050 wells per year in Marcellus compared to 1,750 wells per year in the last quarter Report and 500 wells per year in Utica compared to 395 wells per year in last quarter’s Report.

     

     

     

    Related Articles

    Platts' Bentek Energy: US natural gas production in August rose 0.6% from July

    09/10/2014 Natural gas production in the Lower 48 US states increased by 0.4 billion cubic feet per day during the month of August vs. July, according to Bentek Energy, an analytics and forecasting unit of Pl...

    The oil and gas CEO

    09/10/2014

    New study reveals the paths to leadership

    Mexico launches energy reforms

    09/09/2014 The hottest topic of conversation in the energy industry at this time isn't the Eagle Ford shale. It isn't the Bakken. And it isn't the Permian Basin. The one subject I have heard more about this p...

    Baker Hughes provides August rig counts

    09/08/2014

    Baker Hughes Inc. reports that the international rig count for August was 1,339, down 43 from the 1,382 counted in July, and up 72 from the 1,267 counted in August 2013.  

    Can Brazil finally fulfill its onshore potential?

    09/08/2014

    Douglas-Westwood published commentary on Petrobras and Brazil in its Sept. 8 DW Monday report.

    More Oil & Gas Financial Articles

    Platts' Bentek Energy: US natural gas production in August rose 0.6% from July

    Wed, Sep 10, 2014

    Natural gas production in the Lower 48 US states increased by 0.4 billion cubic feet per day during the month of August vs. July, according to Bentek Energy, an analytics and forecasting unit of Platts.

    The oil and gas CEO

    Wed, Sep 10, 2014

    New study reveals the paths to leadership

    Mexico launches energy reforms

    Tue, Sep 9, 2014

    The hottest topic of conversation in the energy industry at this time isn't the Eagle Ford shale. It isn't the Bakken. And it isn't the Permian Basin. The one subject I have heard more about this past summer than anything else is energy reform in Mexico.

    Baker Hughes provides August rig counts

    Mon, Sep 8, 2014

    Baker Hughes Inc. reports that the international rig count for August was 1,339, down 43 from the 1,382 counted in July, and up 72 from the 1,267 counted in August 2013.  

    Can Brazil finally fulfill its onshore potential?

    Mon, Sep 8, 2014

    Douglas-Westwood published commentary on Petrobras and Brazil in its Sept. 8 DW Monday report.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ