Utica Shale gas production up while other plays scale back
Sunday, June 21, 2015
The Business Journal reports that the Utica Shale play is one of the leading producers of oil and gas while much of the rest of the country is scaling back during the declining market.
A report from the U.S. Energy Information Administration states that new Utica wells are expected to increase natural gas production from June to July by 255,000 cubic feet per day per rig. Altogether, Utica Shale wells should increase natural gas production from 2.519 billion cubic feet per day in June to 2.561 billion cubic feet per day in July.
The seven major shale plays (Marcellus, Utica, Bakken, Eagle Ford, Haynesville, Niobrara and Permian) are expected to produce less natural gas collectively. The total amount of natural gas produced is expected to be 221 million cubic feet of natural gas per day less.
Via: The Business Journal > US Says Utica Production Up, Other Plays Down
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.