•  
  •  
  •  
  •  
  •  
  • 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.

     

     

     

    Most Popular

    Related Articles

    Wood Mackenzie discusses impact of changing US crude export policy

    03/25/2015 As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ulti...

    Pipeline MLP dominates first-quarter North American IPO data

    03/25/2015 An oil and gas company that went public as a master limited partnership (MLP) generated more proceeds than any other North American IPO during the first quarter of 2015. Columbia Pipeline Partners ...

    Wood Mackenzie: US Lower 48 oil economics still robust

    03/24/2015 Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of pr...

    Low oil prices a plus for securitization and covered bonds, but with risks

    03/20/2015 The outlook is largely positive for global securitization and covered bond performance if oil prices continue to hover around $50 per barrel, though some sectors and regions could be susceptible to...

    Bakken and Eagle Ford shale oil production flat in February

    03/19/2015

    In February, shale oil production in the Bakken and Eagle Ford shale plays increased by 19,000 barrels per day, or 1%, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Q&A series: Managing energy sector distress

    03/18/2015 In most cycles the energy sector has experienced over the years, winners and losers have been determined primarily by two things -- quality of assets and financial flexibility, says Bill Swanstrom,...

    More Oil & Gas Financial Articles

    Wood Mackenzie discusses impact of changing US crude export policy

    Wed, Mar 25, 2015

    As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ultimately, while eliminating the US export ban would narrow the Brent – West Texas Intermediate differential and raise the wellhead price for US crudes, it would unlikely transform the supply outlook.

    Pipeline MLP dominates first-quarter North American IPO data

    Wed, Mar 25, 2015

    An oil and gas company that went public as a master limited partnership (MLP) generated more proceeds than any other North American IPO during the first quarter of 2015. Columbia Pipeline Partners LP, an owner and operator of natural gas transportation pipelines and related energy infrastructure assets, raised more than $1.23 billion during its IPO in late February.

    Wood Mackenzie: US Lower 48 oil economics still robust

    Tue, Mar 24, 2015

    Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of production is not at risk in the long term, cash flow and funding limitations could impact activity.

     

    Low oil prices a plus for securitization and covered bonds, but with risks

    Fri, Mar 20, 2015

    The outlook is largely positive for global securitization and covered bond performance if oil prices continue to hover around $50 per barrel, though some sectors and regions could be susceptible to performance declines over time, according to Fitch Ratings in a new report.

    Bakken and Eagle Ford shale oil production flat in February

    Thu, Mar 19, 2015

    In February, shale oil production in the Bakken and Eagle Ford shale plays increased by 19,000 barrels per day, or 1%, according to Bentek Energy, an analytics and forecasting unit of Platts.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ