Gas production surges in Marcellus, Utica shales
Tuesday, December 7, 2021
Gas production has risen by nearly 1 Bcf/d since the start of November in the Marcellus and Utica shales, according to S&P Global Platts.
The 2.7% production increase is pushing the region near record-high production over 34.6 Bcf/d.
Additionally, the region’s gas storage deficit has continued to decrease. Although it fell more than 70 Bcf/d below average at the beginning of September, current inventory levels are estimated to be around 946 Bcf, just 11 Bcf below the five-year average, according to S&P Global Platts data.
Learn more: S&P Global Platts > Gas supply gains thwart winter forwards rally in Appalachia, US Northeast
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Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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