欧博娱乐

As 欧博娱乐 oldest oil and gas producing area in 欧博娱乐 United States, 欧博娱乐 Appalachian Basin has made a comeback during 欧博娱乐 past decade thanks to Marcellus and Utica shale gas production. Shale gas production from 欧博娱乐 Marcellus and Utica basins now stands at roughly 20 billion cubic feet per day (Bcf/d). ICF projects that Marcellus and Utica production will continue to grow rapidly, rising to upwards of 35 Bcf/d by 2025 and to more than 40 Bcf/d by 2035.

Production in 欧博娱乐 Marcellus and Utica basins is 欧博娱乐 most cost effective in North America today. Robust development of 欧博娱乐 area has been driven by significant improvements in horizontal drilling and multifrac completion technology and is also supported by 欧博娱乐 area’s relatively large resource base. At 欧博娱乐 same time, technology enhancements have kept drilling and completion costs in check.

In this quick take, ICF examines some of 欧博娱乐 opportunities and risks for market participants.