Netherlands Research Co. Predicts Marcellus will Reach 7.7 Tcfe by 2020
Netherlands-based ASDReports.com has just released a new research study focusing on the Marcellus Shale titled, Marcellus Shale in the US, 2012 – Gas Shale Market Analysis and Forecasts to 2020. The company issued a press release (below) which hits some of the highlights from the study. Among the astonishing predictions: The Marcellus Shale will produce a “massive” (their words) 7,685 billion cubic feet equivalent of gas by 2020—or said another way, 7.7 trillion cubic feet equivalent. They predict the Marcellus will be producing 4,861 bcfe (4.9 tcfe) by 2015.
Here’s the press release announcing the study with a few juicy tidbits thrown in: